There was nothing passive about the father of passive index investing.
Admirers called John C. "Jack" Bogle bold, visionary, principled, scrupulous, industrious, meticulous, magnanimous, inexhaustible, unyielding, thrifty, faithful, and relentlessly optimistic. Detractors (and even some friends) found him ambitious, prideful, obstinate, severe, competitive, combative, cantankerous, censorious, cheap, self-righteous, and self-aggrandizing. All agreed, however, that the founder of Vanguard and creator of the first retail index mutual fund was a man of irreproachable integrity and inexhaustible energy who profoundly changed the mutual fund industry and investing for the better. Bogle, a tireless advocate for individual investors and business ethics, died Wednesday, Jan. 16. He was 89.
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Dan Culloton does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.