Back in 1976 Jack Bogle created the first index fund that was marketed to non-professional investors. This was the first mutual fund to track the S&P 500. He encountered fierce resistance at its outset, but it eventually became widely accepted.

In his 1996 letter to Berkshire Hathaway shareholders, Warren Buffet, chairman and CEO of Berkshire Hathaway, wrote, “The best way to own common stocks is through an index fund that charges minimal fees. Those following this path are sure to beat the net results delivered by the great majority of investment professionals.” Then in his 2016 annual report for Berkshire Hathaway, Warren declared, “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. For decades, Jack has urged investors to invest in ultra-low-cost index funds. In his crusade, Jack was frequently mocked by the investment management industry. Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.”  

If you haven’t already and if suitable, I encourage you to consider including index funds as a part of your portfolio.