5min chapter

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#1100 Eric Balchunas On The Greatest Investor You Never Heard Of

The Pomp Podcast

CHAPTER

Is Bogle the Father of Indexing?

Bogle is considered the father of indexing, but you really think of him as the father of low cost. What's hard for active to beat is the index itself; it's not the index minus 80, it's the index pure. Bogle had a chart showing that over 50 years, asset management industry takes 60% of your gains. For the index fund, you get like $95, 98. You know what I mean?

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