Jack Bogle, former head of The Vanguard Group, recommends that investors own index funds because these funds are

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Jack Bogle, the founder of The Vanguard Group, was a strong advocate for index funds primarily because they are not "actively managed" and thus have much lower fees compared to actively managed funds. This approach allows investors to achieve returns closer to market averages, which over time often outperforms actively managed funds after accounting for their higher fees.

Jack Bogle, Former Head of the Vanguard Group, Recommends That