Jack Bogle's last warning to the investment industry: "Don't forget the little guy you serve"
January 19, 2019 at 11:00 AM EST
Jack Bogle, the founder of index fund giant Vanguard Group, died Wednesday, Jan. 16. He left a warning about a coming battle in investment management. He was concerned that big passive fund managers were gaining too much control over the voting shares of U.S. corporations.