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Ben Graham introduced the idea of indexing, Jack Bogle implemented it on a large scale.
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Jim Cramer: Jack Bogle was despised in the business and he loved it'He hated the way business was done in this country. He hated Wall Street,' MadMoneyOnCNBC's Jim Cramer said of the late Jack Bogle. 'There were a lot of people that were his enemies and a lot of them are praising him today. And they are two-faced.' Bogle LOVED the way business was done in this country - thats how Vanguard got so huge. Vanguard has lots of actively managed funds, they just do it cheaper Says the guy who called Eddie Lampert the next WarrenBuffett...
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