Writer Loved Indexing. Readers Loved Him.
This is a post and not an entry on the daily thread because Jonathan Clements is a MAJOR reason that my
started corporate job @27/retired @ 56/can count on one hand the number of years I made (slightly) over $100k
63 year old ass is sitting on $2m this morning.
Jonathan Clements expounded early and often on the
"buy cheap, highly diversified index funds"
ethos that permeates this sub.
He was a major reason that I bought what Vanguard/John Bogle have to sell.
Some excerpts from his obituary:
Between 1994 and 2008, he wrote 1,009 columns on investing, financial planning, money and life for the Journal.
Clements was one of the first financial journalists to argue for index funds. His advocacy, he conceded in a 1999 column, was nearly an “obsession” that irked many readers.
In the 1990s, professional investors often derided index funds as inferior and a guarantee of mediocrity; Clements praised them as a sure way to minimize the risk of underperforming the market. Following the trail Clements had blazed, millions of investors eventually made index funds the building blocks of their portfolios.
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Finally,
A compendium of his Journal columns, “The Best of Jonathan Clements,” was published earlier this year. Proceeds from its sale go to support the Jonathan Clements Getting Going on Savings Initiative, a collaboration among several nonprofit organizations that seeks to turn young people from low-income households into long-term investors.
I am buying this book. I don't care if it is good or if it sucks donkey dicks. Jonathan Clements helped me and many, many others make a TON of money, I am very grateful, and buying a copy of this book is the least I can do.
Rest in peace, sir.
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