John Bogle, founding father of the Vanguard Group and pioneer of index funds, could have saved traders more cash than anybody else in historical past. By some estimates, his campaign to drive down charges has, over the previous 5 a long time, left them with greater than $1trn that may in any other case have gone to fund managers. Index funds, by means of which speculators can put money into the stockmarket as an entire, lower out the middlemen. In doing so, they’ve remodeled the world of investing.
