benjaminalbiach John Bogle was the founder of Vanguard and was an early proponent of index investing. The idea is that investing in a broadly diversified fund like the S&P 500 (SPY) gets you market returns without too much hassle, and in the meantime, you get to beat most active-managed funds out there. The problem with this model is, however, that it assumes everyone is in the same boat, and that a 1% dividend yield coupled with a mid- to high-single digit EPS growth rate gets you a decent total return ...