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 figure ((or even a quarter)) 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 [Read more…] about WHAT BOGLE GIVETH, CEO’S TAKETH AWAY