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RIP Jack Bogle
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wtg
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posted 16 January 2019 08:02 PM
quote:
Jack Bogle, the founder of Vanguard who created the first index mutual fund for individual investors in 1975, died Wednesday at the age of 89, the company said.

Bogle started a revolution in the way people invest. He believed that investors should own a mix of bonds and stocks but shouldn't pay investment managers to pick them.


https://www.npr.org/2019/01/16...investing-dies-at-89

From the WSJ obit:

quote:
Despite Mr. Bogle’s age and lengthy career, he had chronic coronary failure and suffered at least seven heart attacks—the first at age 31. He endured a malfunctioning pacemaker before finally receiving a heart transplant in 1996.

“I didn’t think about [dying],” he told an interviewer in 2007. “I just got on with what needed to be done.”


https://www.wsj.com/articles/j...oup-dies-11547677745


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jon-nyc
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posted 16 January 2019 09:30 PMHide Post
A life well lived, says this Boglehead. RIP, Jack.


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Axtremus
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posted 16 January 2019 10:53 PMHide Post
My respect to Mr. Jack Bogle, and condolences for his loved ones.


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QuirtEvans
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posted 17 January 2019 12:32 AMHide Post
Jack Bogle may very well have done more for the members of the middle class in this country than anyone since FDR and William Douglas. And most people won't realize it.
 
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wtg
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posted 17 January 2019 06:21 AMHide Post
Bogleheads talk about Bogle.

https://www.barrons.com/amp/ar...ck-bogle-51547687638


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When the world wearies and society ceases to satisfy, there is always the garden - Minnie Aumônier

 
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jon-nyc
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posted 17 January 2019 10:42 AMHide Post
quote:
Originally posted by QuirtEvans:
Jack Bogle may very well have done more for the members of the middle class in this country than anyone since FDR and William Douglas. And most people won't realize it.


A "stealth philanthropist" someone called him.


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If you think looting is bad wait until I tell you about civil forfeiture.

 
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pianojuggler
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posted 17 January 2019 12:10 PMHide Post
He eschewed maximizing his personal wealth in favor of doing good for the rest of us.

Thanks, Jack.

Last night I learned that Vanguard was the name of Nelson's lead ship in the Battle of the Nile, and the Vanguard logo is an image of The Vanguard. Bogle was a keen on British naval history.


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