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.
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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!