Economics
John Bogle, Vanguard Founder Who Urged Low Fees, Dies at 89
- He pioneered index funds, making Vanguard No. 1 fund manager
- Warren Buffett called Bogle a ‘hero’ who helped U.S. investors
This article is for subscribers only.
John Bogle, who popularized the low-cost index-based mutual fund as founder of Vanguard Group Inc. and insisted that most stock-picking money managers weren’t worth the fees they charged, has died. He was 89.
He died Wednesday in Bryn Mawr, Pennsylvania, the company announced in a statement. The cause was cancer, according to the the Philadelphia Inquirer, citing his family. He suffered the first of at least six heart attacks at age 31. In 1967 he had a pacemaker installed, and in 1996 he received a heart transplant.