Investing The Bogle Way

John Bogle who passed away on January 16, 2019, at the ripe old age of 89, did more to generate wealth for retail investors than any other individual in history. The mutual fund industry owes its present shape, to Bogle. So do the pension schemes of many nations. Bogle founded Vanguard in the 1970s. One of the biggest fund houses of the world, it specialises in designing and offering low-cost products for passive, systematic investors. Bogle realised that it was difficult to consistently outperform the stock market index in efficient bazaars. But he also knew that the index return would beat the return from non-equity assets over the long-term. Bogle started working on the already existing index fund and its cousin, the ETF; he tweaked certain things to make them more efficient and worked on reducing costs. The key to an index fund is that it buys and holds the stocks listed in the same...