My hero, Jack Bogle. May you rest in peace.
Decades ago, Bogle had the revolutionary idea to start a mutual fund company as a not-for-profit. The result was a company driven by low costs and simplicity. In a world of snake oil salesmen and con artists, he was a pillar of ethics and responsibility.
He transformed finance, turning investing into something that could easily work for the average citizen. He could have been a billionaire. Instead, he helped generations of investors become financially secure.
“My mission,” he said, “has been to change the industry so that our citizens – the human beings who invest in funds – get a fair shake.”
He was everything a businessman, a professional, an entrepreneur should be. And I will miss him.
Stay the Course, Jack.