Part 4/8:
One of the pivotal points made during the discussion revolves around Jack Bogle, the founder of Vanguard, who pioneered the index fund in the mid-1970s. At a time when high fees and active management dominated the investing landscape, Bogle’s vision of low-cost, passive investing transformed the sector. The size of Vanguard today is staggering; they manage over $5.1 trillion, demonstrating the effectiveness of their strategy in a fund-friendly landscape.
Kristine shares her personal experience as a long-time holder of a Vanguard investment account, which adds authenticity to the praise for the company’s low-cost structure.