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"Common sense" can be subjective here, but Bogle was preaching index funds for quite some time leading up to this. Vanguard and other low cost index providers w
by jjice 3y ago
"Common sense" can be subjective here, but Bogle was preaching index funds for quite some time leading up to this. Vanguard and other low cost index providers were doing well, but it is true that it's increased quite a bit over the last few years.
In 2007, one of Bogle's more approachable books, "The Little Book of Common Sense Investing" came out, as a reference for this kind of philosophy across other writers: https://en.wikipedia.org/wiki/The_Little_Book_of_Common_Sense_Investing https://en.wikipedia.org/wiki/The_Little_Book_of_Common_Sens...
- bombcar 3y agoBogle basically invented the index fund because he couldn’t work out anything that could beat the index. The “aha” moment is a fund that just copied the index would be quite cheap to manage and maintain. His math always worked but over time the returns have become more and more impossible to ignore. (Interesting for those who follow Bogle he later pointed out an issue with index funds eating the world - what he called manager’s capitalism.)