Currently going through Bogle’s autobiography (doing a ‘land and expand’ reading program on passive investing) and my current takeaway is that he’s a curmudgeon who happens to — thank God! — always put the investor first.
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(‘Curmudgeon’ here used as a description of personality, and used in admiration.
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But I don’t recommend the book.)
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I’m 1/3 of the way through, and Bogle skips over (or only lightly touches upon) the many challenges they faced along the way. Their story is one where a belief in indexing was only proven out after 30 years! And yet, he presents it as if the outcome was predetermined.
Victory laps don’t make for very good educational material. I’ll probably have to read some of his other stuff (which I hear are really good, much better than this book), and then go look elsewhere for a definitive take on the rise of indexing!
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