I owe my financial independence to Jack Bogle and the firm he founded, the Vanguard Group. Most of my own equity and bonds are Vanguard funds; decades of compounding higher returns from lower fees gave me this financial independence.

But when I hear some investors refer to Vanguard and indexing as a religion, I say enough is enough! Religion generally calls for unquestioning faith and that’s where the analogy breaks apart for me. I question everything. 

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