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Opinion: Jack Bogle gave individual investors the power to triumph over Wall Street

A chance discovery in 1949 led the Vanguard Group founder to champion shareholders as his life’s purpose.

Mutual-fund shareholders may never again see a folk hero like John C. Bogle, father of the index fund and the founder and former chairman of fund-industry titan Vanguard Group.

Bogle was an outspoken, iconoclastic, in-your-face champion for low-cost, buy-and-hold investing — a populist in a business suit who spent six decades criticizing, cajoling and challenging his fund-industry colleagues to give small investors what he called “a fair shake.”

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