Active vs. Passive: The Case for Both and a Place for Both

Vanguard founder Jack Bogle started the debate of active versus passive investing when he created the first index fund in 1975. Hundreds of additional index funds, countless studies, and one historic recession later, passive investing has become a household concept and is accepted as the preferred method of investing for millions of investors.

You've seen the headlines and stats by now:

Billions of dollars are flowing from active to passive funds.

of active stock managers fail to beat their benchmarks.