John Bogle was truly a pioneer. Few people would forgo billions by passing it all back to customers as savings to be invested and grown over time but that’s what he did.

It’s impossible to ignore the common sense importance of avoiding high fees. Bogle’s cost matters hypothesis and battle against high fees did more for the average investor — past, present, and (likely) future — than anyone else ever. When you consider compounding, the savings he’s generated has to exceed $1 trillion. He, by way of Vanguard, transformed the industry. His legacy will be felt for generations.

Of course, Bogle was more than just a low-cost advocate. He was a long term advocate. He was a do nothing advocate. And he advocated for enough: Continue Reading…