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Robin Wigglesworth, Editor, Alphaville

Alpha Exchange

CHAPTER

The History of the Vanguard 500 Index Fund

The first three index funds were started by battery march, an american national bank of chicago and wells fargo. Nobody wanted to do anything for retail, because people are worried about cannibalizing their own business. The vanguard 500 fund was just an abysmal failure. Every single beer market since the seventies, active management has performed abjectly. And that's why you've seen the shift into passive den and accelerate after every single major market correction Since the seventies when the index funds were born.

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