John Bogle and the Vanguard Experiment: One Man's Quest to Transform the Mutual Fund Industry
Last updated October 31, 2026
The journalist Robert Slater profiles John Bogle, who founded the Vanguard Group in 1974 and launched the first index mutual fund for ordinary investors. He describes Bogle's long fight with the fund industry over high fees and Vanguard's unusual ownership by its own funds, and traces how low-cost index investing grew from a mocked idea into a major force on Wall Street.
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