Warren Buffett on “Person who has done most for American Investor” John Bogle of Vanguard Index Fund

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.

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Warren Buffett