Keep pulling the thread on Jonathan Clements.
Jason Zweig asserts that Jonathan Clements was second only to Jack Bogle in his influence on popularizing index funds among American investors.
Jason Zweig credits Jonathan Clements as a key figure in the investor shift from active to passive investing, a trend that has saved investors hundreds of billions of dollars in management fees.
Barry Ritholtz believes Jonathan Clements was as influential in promoting index investing as anyone since Jack Bogle.
Jason Zweig estimates that Jonathan Clements wrote between 200 and 300 columns advocating for index funds.
Approximately half of BlackRock's assets under management are in index funds.
Over half of Vanguard's assets under management are in index funds.
Citing a statistical example, Barry Ritholtz states it would take 64 years to prove with statistical significance that a hedge fund manager outperforming the market by 5% annually is due to skill, not luck.
The Jonathan Clements Getting Going on Savings Initiative was established to fund Roth IRA contributions for young adults from low-income households.
A book compilation of Jonathan Clements' work raised approximately $60,000, with additional funds raised through personal donations to the John C. Bogle Center for Financial Literacy.
The Jonathan Clements Getting Going on Savings Initiative partnered with J-PAL, a behavioral economics research institute at MIT co-run by Nobel laureate Esther Duflo, to implement its program.
The Jonathan Clements Getting Going on Savings Initiative's pilot program was developed with researchers from Boston University, the University of Chicago, and Northeastern University.
The Jonathan Clements Getting Going on Savings Initiative ran a pilot program in Boston in the summer of 2023 that gave money to high school students from low-income families to open Roth IRAs.