he founded Vanguard and the first index mutual fund offered to the general public.
After accounting for fees, very few active funds beat a passive fund which holds the index
I saw one article dated Nov. 2018
According to the folks at the Motley Fool, only ten of the ten thousand actively managed mutual funds available managed to beat the S&P 500 consistently over the course of the past ten years.
The Vanguard 500 fund has an annual expense ratio of about 0.12%, compared to an average of 1.29% for active funds.