The philanthropic legacy of John Bogle

How billionaires give away their money is important.

How they make their money is more important.

Consider John Bogle, the founder of the investment giant Vanguard, who died last week.

As a donor, Bogle was no better than mediocre.

But he was a brilliant businessman and innovator. By popularizing low-cost index funds and…

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Marc Gunther

Marc Gunther

Reporting on psychedelics, tobacco, philanthropy, animal welfare, etc. Ex-Fortune. Words in The Guardian, NYTimes, WPost, Vox. Baseball fan. Runner.