Vanguard Founder John Bogle Sees No Good Alternatives to Indexing

John C. Bogle, who revolutionized the way Americans invest their money, learned the value of a dollar when he was young. His family's fortune was wiped out by the Great Depression, forcing the 80-year-old founder of Vanguard Funds and his two brothers to work as soon as they were able. The financial devastation sent Bogle's father into alcoholism and resulted in his parents divorcing.