The reason Jack Bogle doesn’t fly first class says everything about his investing legacy

As my regular readers know, I’ve been a big fan of John Bogle, the founder and now-retired chairman of The Vanguard Group, for many years. This spring, I got to meet him in person for the first time, and I learned a lot.

This is the second article based on my 90-minute conversation. (You’ll find the first article here).

Vanguard’s mutual funds are well known for their low expenses — which of course is a very good thing for investors. Many of the company’s most popular funds charge investors less than 0.2% a year, while the average equity fund charges more than 1%.

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