Jack bogle has literally saved investors billions of pounds in fees and charges. His work changed the face of the investment fund management across the world. We owe a lot to Jack Bogle.
Mr Bogle had near-legendary status in the investment community, largely because of two towering achievements: He introduced the first index mutual fund for individual investors and, in the face of sceptics, stood behind the concept until it gained widespread acceptance. He drove down costs across the mutual fund industry by ceaselessly campaigning in the interests of investors. Vanguard, the company he founded to embody his philosophy, is now one of the largest investment management firms in the world.