Jack Bogle Offered 12 Words That Transformed Investing. Today, They're More Crucial Than Ever.

Jack Bogle founded Vanguard and was a legendary figure in modern American investing. He invented the index fund, which ushered in a new era of low-cost investing. Instead of having to pick stocks or pay high fees to stockbrokers and money managers, index funds made it easier for millions of everyday people to invest in the stock market with low fees.

Bogle's low-cost index fund revolution has saved more than $1 trillion for investors. But along with low fees, Bogle promoted a style of simple, diversified, buy-and-hold investing that is smart advice for many people today.

If you had to boil down Bogle's investing approach to a few simple words, they would be these: "Nothing is simpler than owning the stock market and holding it forever."

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