The passing of Vanguard founder John C. Bogle

Discussion in 'Sharemarket News & Market Analysis' started by Terry_w, 17th Jan, 2019.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Plus Member

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    Vanguard regrets to announce the passing of our founder John Clifton Bogle, who died on 16 January 2019 at his home in Bryn Mawr, Pennsylvania. He was 89.

    Mr Bogle had near-legendary status in the investment community, largely because of two towering achievements:

    • He introduced the first index mutual fund for individual investors and, in the face of sceptics, stood behind the concept until it gained widespread acceptance.
    • He drove down costs across the mutual fund industry by ceaselessly campaigning in the interests of investors. Vanguard, the company he founded to embody his philosophy, is now one of the largest investment management firms in the world.
    "Jack Bogle made an impact on not only the entire investment industry, but more importantly, on the lives of countless individuals saving for their futures or their children's futures," said Vanguard CEO Tim Buckley. "He was a tremendously intelligent, driven and talented visionary whose ideas completely changed the way we invest. We are honoured to continue his legacy of giving every investor 'a fair shake'....

    Vanguard mourns passing of founder John C. Bogle
     
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  2. Zenith Chaos

    Zenith Chaos Well-Known Member

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  3. trinity168

    trinity168 Well-Known Member

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    RIP John Bogle ... :(
     
  4. Redwing

    Redwing Well-Known Member

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    Morgan Housel on twitter:

    Sad to hear of the passing of St Jack
     
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  5. Beelzebub

    Beelzebub Well-Known Member

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  6. Redwing

    Redwing Well-Known Member

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    Apparently his last interview here

    Vanguard Founder Jack Bogle Says It’s Time to Play It Safe

    In a recent interview with Barron’s, Bogle warned that “trees don’t grow to the sky, and I see clouds on the horizon. I don’t know if and when they’ll arrive. A little extra caution should be the watchword.”

    Those clouds, he said, include large amounts of sovereign and corporate debt, the “great upheaval” in global trade, and “the mystery of Brexit, which will be very disruptive to the world trade system. Those things add up.”

    At 89 he had just written his last book

    upload_2019-1-18_10-11-38.png
     
  7. SatayKing

    SatayKing Well-Known Member

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    Only now realised of the gentleman's passing. RIP.

    As for clouds I'd throw another element into the mix. Countries which are gradually becoming independent of the need for fossil fuels due to a investment in renewable energies.
     
  8. monk

    monk Well-Known Member

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  9. Redwing

    Redwing Well-Known Member

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    Jack Bogle Is Gone, But He's Still Saving Investors $100 Billion A Year

    "If a statue is ever erected to honour the person who has done the most for American investors, the hands down choice should be Jack Bogle," Buffett wrote.

    "He has the satisfaction of knowing that he helped millions of investors realise far better returns on their savings than they otherwise would have earned. He is a hero to them and to me."
     
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  10. turk

    turk Well-Known Member

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    He should be a billionaire, but Jack Bogle chose to make others richer

    But the most remarkable thing about Bogle is that he created billions - and perhaps trillions - of dollars in value for others and kept relatively little of it for himself. That stands in sharp contrast to the unabashed accumulation of riches among corporations, even as wealth inequality rises to alarming levels. Bogle's life is a reminder that business leaders have the power, indeed the responsibility, to shrink the wealth divide between their companies and the workers and consumers who sustain them.
    https://www.theage.com.au/business/...se-to-make-others-richer-20190119-p50sd8.html
     
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  11. Redwing

    Redwing Well-Known Member

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  12. APINDEX

    APINDEX Well-Known Member

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    This gave me a chuckle this morning..


    upload_2019-1-21_12-8-37.png
     
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  13. trinity168

    trinity168 Well-Known Member

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    Got this from my email subscription of David Perell

    Remembering John Bogle
    Morgan Housel said it best: "John Bogle, the founder of Vanguard built a nonprofit business with $5 trillion under management. What would have been profit effectively went to retirees. He's the biggest undercover philanthropist of all time.”

    If you’d like to consume some of Bogle’s wisdom, I recommend his 2007 Commencement Speech.

    [​IMG]
    Rest in peace.
     
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  14. Redwing

    Redwing Well-Known Member

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