A Master of the Universe died today … or got renditioned to GITMO?
https:// www.cnbc.com/2018/12/14/jack-bogle-founder-of-vanguard-group-and-creator-of-the-index-fund-dies-at-age-89.html
Jack Bogle, founder of Vanguard Group and creator of the index fund, dies at age 89
Jack Bogle, who preached buy and hold investing, was considered one of the world's greatest investors.
He was founder and retired CEO of Vanguard Group, which now has $5.1 trillion in assets under management.
He also created the world's first index mutual fund, enabling investors to achieve high returns but at lower costs than for actively managed funds.