The Bogle Effect
How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions
by:
Eric Balchunas
in:
Investing
Summary:
The book chronicles the life and legacy of John Bogle, the founder of Vanguard Group, highlighting his revolutionary approach to investing through low-cost index funds. It details how Bogle's emphasis on putting investors first and his advocacy for passive investing strategies have profoundly impacted the financial industry, leading to significant savings for millions of investors.
Key points:
1. John Bogle's creation of the first index mutual fund revolutionized investing by making it cheaper and easier to own a piece of the entire market.
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