John Bogle, the pioneer of index funds and the founder of Vanguard group, died at 89 yesterday. Those in the investment world, and largely in business too, appreciate his innovation and the impact it had for the common investor.
In an age where technology can solve everything and things of the past are treated as “outdated”, it’s worth pausing to recognize that the Index Fund is like robo-investing (e.g. Robinhood, Wealthfront) in it’s innovation.
Except, where robo-investing has potential, index funds have results.
p.s. An early 3-part series posted here on TILT was largely influenced by Jack’s index funds. You can read post 1 here.