AMWatch

Jack Bogle, apostle of index funds, never gave up: Joe Nocera

The founder of the Vanguard Group, John C. Bogle, died Wednesday at his home situated approximately 25 kilometers northwest of Philadelphia in Pennsylvania US. He was 89 years old.

John Bogle died at the age of 89 in his home in Pensylvania. | Photo: Shannon Stapleton/Reuters

(Bloomberg Opinion) -- To be perfectly crass about it, you would have made an awful lot of money if you had followed the advice of Jack Bogle, the Vanguard founder who died Wednesday at the age of 89.

In 1976, a year after starting the Vanguard Group, as it’s now known, Bogle introduced the first index fund geared to individual investors. This was an era, recall, when what mattered most if you ran a mutual fund company was to have a handful of star fund managers you could market.

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