Hey Rule Breaker Investing Listeners, thanks for listening to this bonus episode.

I'm Chris Hill.

You may have heard the news this week about the passing of Jack Bogle, the founder of Vanguard Group

and creator of the first Index Mutual Fund.

At the Motley Fool all week we've been paying tribute to his life and legacy with special articles

on fool.com, audio clips on this week's Motley Full Money Show, and we wanted to bring you this episode of Rule

Breaker Investing from December 2016, a love letter to Jack Bogle.

It's the Rule Breaker Investing Podcast with Motley Full Co-founder David Gardner.

Last week I mentioned that I was excited this week to talk about one of my favorite living investors.

And I didn't mention who it was, so surprise, it's Jack Bogle.

Now, a lot of you probably know who Jack Bogle is. After all, I think of him as one of the living Titans of the investing world.

Jack Bogle, who, it's funny to think the first time that Tom and I saw his work my brother Tom and I as we were writing up the Motley full investing guide

We were actually a little critical of Bogle just on one point and this remains 20 plus years later the only point that we really disagree with Jack on

And it's that we think that picking stocks does matter that you will be rewarded for picking this stock not that one and

Jack's entire career is premised on the idea that that's not worth the effort and

in fact just getting the average at a low fee for the vast majority of us is the single

best thing we can do for an investment plan for the long term.

And really even though Tom and I obviously disagree on that one point, we agree on almost everything else

with Jack Bogle.

And I think we've helped promote the Vanguard Index Fund for 20 plus years now through our books,

etc. Because we have often said now if you don't have energy

or confidence or interest in picking stocks darn it one of the best things you can do is open up a Vanguard

...