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Vanguard’s New Course: can Salim Ramji Uphold Jack Bogle’s Legacy?
Vanguard, the investment giant founded on the principle of low-cost investing, is charting a new course under its first non-insider CEO, Salim Ramji. The shift includes a move toward higher-fee products,raising questions about whether the company will remain true to the vision of its founder,jack Bogle,and the ethos embraced by its devoted investor base known as “Bogleheads.”
Vanguard revolutionized the financial landscape in 1975 when Bogle launched the firm with a singular focus: minimizing fees for everyday investors through index funds – funds that mirror the performance of broad market indexes like the
