Published on Jun 17, 2017
Warren Buffett just published his annual letter to Berkshire Hathaway investors, and buried in the 29-pages is a shoutout to one Jack Bogle.
“If a statue is ever erected to honor the person who has done the most for American investors, the hands- down choice should be Jack Bogle,” Buffett writes, adding:
“For decades, Jack has urged investors to invest in ultra-low-cost index funds. In his crusade, he amassed only a tiny percentage of the wealth that has typically flowed to managers who have promised their investors large rewards while delivering them nothing – or, as in our bet, less than nothing – of added value.