Vanguard
Founded in 1975, the Vanguard Group is a global investment-management company. Vanguard is famous for its index funds, as well as its advocacy for a “buy-and-hold,” passive-investment strategy. This philosophy argues that people aren’t very successful when they try to time the market, so it’s best to buy investments and hold onto them for a long time.Because of Vanguard’s historic affiliation with the long-term, buy-and-hold approach to investment, many of its clients follow that passive-investment philosophy.