Robert Brokamp

What do you see as the reason of that transition?

Was that people retired early and realized this is really boring?

Really what I wanted was basically the optionality to do whatever I wanted.

So obviously a key component of the simple path to wealth is a high savings rate, but you don't think that money should just go in the bank, should be invested.

And you think that for most people, most of that money should go into the Vanguard Total Stock Market Index Fund.

And that's about as simple as it gets.

So tell us about why most people really need just one fund.

Obviously, one reason to choose the index funds is because they're hard to beat.

Something like 85% to 90% of actively managed funds underperform a relevant index fund.

So that's one thing.

The other thing about it is whether you can do better by picking individual stocks.

We here at The Motley Fool talk about that all the time.

We think there's a possibility of doing it.

But even we at The Fool have said from the very beginning,

The vast majority of people probably would be better off just in an index fund.

We even went in our office.

When we had an office, we actually had a room dedicated to Jack Bogle.

We came and visited.

We have a great picture of him standing in front of the Bogle room at the Motley Fool.

And if you're going to invest in individual stocks, it certainly makes sense to track your returns.