It was (almost) all over the news.
John Bogle’s passed away.
John Bogle was an unwanted superstar in the finance industry.
Most people desire to feel belonged to a group and would go along with the majority. Moreover, most dissidents get crushed.
But once in a while, a dissident would emerge and relentlessly fight against the establishment for what is just.
John Bogle was such a hero.
Instead of ripping off customers, he was fighting for the financial industry to make less money.
How well liked could he be then?
I bet there are people who hated Bogle even till today.
But it is too late. Bogle’s achievement can no longer be undone.
Bogle started the current-day behemoth Vanguard Group and was known to create the first index fund to track the S&P 500 index on 31 December 1975.
Fidelity Investments Chairman Edward Johnson was quoted as saying that he “[couldn’t]
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