With the meme-stock rally in the rearview mirror and interest rates surging, individual investors are rediscovering the philosophy made famous by Vanguard's founder, Jack Bogle.
Fans call themselves "Bogleheads," and the strategy "lazy" investing.
Dan Griffin, a self-proclaimed Boglehead based in Florida, said he watched the meme stock rally in amusement.
The current market condition is proof that his "tortoise" investing approach is the right one to building long-term wealth, he said.
"The meme stock phenomenon seemed so focused on being incredibly plugged into your portfolio and monitoring your investments — I see the Bogleheads' philosophy as being antithetical to all of that."
Persons:
Jack Bogle, Dan Griffin, Boglehead, Griffin, Christine Benz, Morningstar
Organizations:
GameStop, CNBC
Locations:
Florida