Since the Markets are giving us a fair bit of stick currently, I thought it wise to revive our insight series on the lives and times of some of the greatest Investors ever. We had, in earlier Posts, looked at WARREN BUFFETT, GEORGE SOROS, PETER LYNCH and BEN GRAHAM. In this Post, we will do a brief on JOHN (JACK) BOGLE.
- Born in Montclair, New Jersey in 1929, Bogle founded the Vanguard Group mutual fund company in 1974 and made it into one of the world's largest and most respected fund sponsors. Bogle pioneered the no-load mutual fund and championed low-cost index investing for millions of investors. He created and introduced the first index fund, Vanguard 500, in 1976. In 1999, Fortune Magazine named Bogle one of the four "investment giants" of the twentieth century.
- Jack Bogle graduated with a degree in economics from Princeton University in 1951.He learned the investment management business by working for financial advisor Wellington Management from 1951 to 1974 and founded Vanguard in the latter year, becoming its CEO and chairman before retiring in 1999 from an active role in the company. As president of Vanguard's Bogle Financial Markets Research Center, he continues to write and lecture on investment issues and is widely recognized as "the conscience" of the mutual fund industry.
- Bogle's investment mantra advocates capturing market returns by investing in broad-based index mutual funds that are characterized as no-load, low-cost, low-turnover and passively managed.
- Currently leading a retired life, Bogle resides in Bryn Mawr, Pennsylvania
"Time is your friend; impulse is your enemy."
"If you have trouble imaging a 20% loss in the stock market, you shouldn't be in stocks."
"If you have trouble imaging a 20% loss in the stock market, you shouldn't be in stocks."
"When reward is at its pinnacle, risk is near at hand."
FOR EARLIER POST ON OTHER GREATS KINDLY SEE THIS
No comments:
Post a Comment