5min chapter

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

The Pomp Podcast

CHAPTER

Vanguard Index Funds - What's Going On?

Bogle read an article basically about somebody talking about indexing. And he said, you know, that's a pretty good idea. So he launched the first index fund and it charged 0.46%. But over the next 45 years, because of that structure, the fee went down to 45,. 44, 42, 40, 38. As more assets came in, the fee would get voted lower until about the 2000s where the fee passed 15 basis points. That's when indexing and index funds really kicked in.

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