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Vanguard Founder Jack Bogle Passes Away

Dan Culloton (daniel.culloton@morningstar.com),Alec Lucas, Ph.D. (alec.lucas@morningstar.com)

There was nothing passive about the father of passive index investing. Admirers called John C. "Jack" Bogle bold, visionary, principled, scrupulous, industrious, meticulous, magnanimous, inexhaustible, unyielding, thrifty, faithful, and relentlessly optimistic. All agreed, however, that the founder of Vanguard and creator of the first retail index mutual fund was a man of irreproachable integrity and inexhaustible energy who profoundly changed the mutual fund industry and investing for the better.