The Hits Keep Coming For The S&p 500 in 403(b) Forum Posted October 22, 2017 · Report reply Thanks Tony, I'm not sure how smart I am but I do try to listen to and understand the geniuses and giants who've given all of us so much. In this case we should all listen to Bogle, because at this point I'm just repeating his findings. ...in a lot of ways he is an improbable hero for those lucky enough to be able to invest. The ethical path was obviously less profitable but he did it anyways. I wonder if it ultimately made him more money in the long run?