Catch up on global daily news
Compelling long reads
Tune into captivating conversations
Watch engaging short films
Behind the scenes at The Economist
Hooray for index funds—just don’t call them passive
Jack Bogle’s creation has transformed markets, and involves plenty of choices
TL;DRAI
Vanguard's index fund fifty years ago raised $11M vs $50–150M expected; mocked as a "cop-out," it reshaped finance. Index funds are passive in method but active in strategy—fund selection, rebalancing, governance matter; calling them "passive" obscures critical management decisions affecting ROI.
262 words~1 min read
