I am quoting some recent posts made by the Bogleheads on "Why Bogle?" that show why we are all so grateful that you found Jack Bogle and brought his investing wisdom out for all the rest of us on the Boglehead forum
VictoriaF wrote:Jack Bogle has created index funds, an act of courage against the enormous pressure from the financial industry, first, in disbelief that it would work, and then in hostility against a superior product. The American investors should be eternally grateful to Jack for enabling us to invest in index funds; and we should guard against overt and covert attacks on broad-based low-cost indexing by those who are threatened by it.
Indexing is not an ideology; it's common sense for the mathematically literate.
The composition of investments is personal. Jack shares his investment approach, and others are welcome to follow it to the extent they wish. Taylor shares his approach, and others may find a 3-fund portfolio suitable for them. Vanguard advocates all-in-one Target Retirement and Lifecycle funds, which are an excellent option for some. All of these options are good. There is no need to pursue "excellence" not merely because "excellent is an enemy of good enough," but mostly because fine-tuning and tweaking of one's portfolio opens gaping holes for behavioral mistakes and has little predicting power in an uncertain financial environment.
Call_Me_Op wrote:Many of us stumbled upon John Bogle as we were in search of the truth. We found that he is knowledgeable, honest, and his ideas are based upon common sense and "the relentless rules of humble arithmetic." In other words, it is hard to argue with the basic tenets of Bogle's philosophy because they are true and easily understood. While we can quibble around the edges, it is hard to argue that active management in aggregate must under-perform by the amount of the costs and so therefore, for whatever asset classes you choose to own, indexing is a winning strategy.
Taylor, we all really appreciate so much what you brought into our investing lives!wesgreen wrote:I've been reading about investing for over 30 years and have not come across anyone, or any strategy, that makes more sense to me (or is a better fit for my circumstances - self-employed musician, not much interest in finance or owning stuff, comparatively low income and expenses, need to self-insure for health and retirement). I would consider myself maybe a half blind follower, since I try to check out the numbers when he says something, but my math is strictly amateur.
Wish I had read about him at age 18. I'm trying to introduce fellow artists, especially young ones, to his writings and this site. He's the Louis Armstrong of investing to me. Go on with your bad self, Mr. Bogle!