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Commentary

How 'Renegades' Transformed Finance With Indexing

The Financial Time’s global finance correspondent, Robin Wigglesworth, examines indexing’s serendipitous beginnings and the innovators who transformed the financial industry.

On Morningstar's The Long View podcast, Robin Wigglesworth discussed his new book that examines the remarkable history of indexing, Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever.    

Here are a few excerpts on the unsung heroes behind indexing's rise and the fortuitous circumstances that brought them together from Wigglesworth's conversation with Morningstar's Christine Benz and Jeff Ptak: