In his last days, however, Bogol was still not convinced by looking at the question in his last book, "Stay the Course, The Story of the Vanguard and the Revolutionary Index" (Wiley, 2018). that ETFs are predominantly the sphere of activity of speculators with most of the "fast trading" in the ETF by financial institutions that use them to hedge or balance monetary reserves. "are held by investors with a focus mainly on the long run," Bogle writes, according to a CNBC pre-release.
However, he concludes the head of the ETF in his book, saying he supports the funds as long as they
Despite fears about the current state of the industry, Bogle remains a believer in investing the index and will be remembered as one of the real pioneers in the market.
A statue has ever been erected to honor the man who did the most for America Investors had to choose Jack Bogol, he said once Warren Buffett
Bogle concludes his book with an honorary diploma that goes beyond his beliefs in investing and extends to his own life philosophy, usually using the phrase "stay the course" as one of the great success rules for investment, "he writes "But as I finish this memoir," stay the course "is also a great rule to fight our way through the inevitable ups and downs of our short-lived existence on this Earth and to enjoy a productive and respectful life that lived well .