The 40th Anniversary of the Vanguard 500 Index Fund was over six months ago, yet the well-deserved accolades for John Bogle and the momentum of indexing continue to mount. Bloomberg estimates Vanguard has saved investors one trillion dollars. Taking just half that figure1 would effectively make Bogle the biggest philanthropist ever, beating Warren Buffett and Bill Gates ten-fold.
Which makes it all the more galling that so much of those savings have been siphoned off Continue reading
- or even a quarter [↩]