Jack Bogle
John Clifton "Jack" Bogle is an American investor, business magnate, and philanthropist. As an avid investor and money manager, he preached investment over speculation, long term patience over short term action, and reduced broker fees. Fascinated with numbers and computations, he graduated Cum Laude from Blair Academy and later on graduated Magna Cum Laude from Princeton in 1951 with a degree of Economics and Investments. He was the founder and Chief Executive of The Vanguard Group.
Jack Bogle Professional Experience / Academic History
Professional Experience
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Founder of The Vanguard Group
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CEO of The Vanguard Group
Academic History
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Economics - Magna Cum Laude
- Is a Wall Street Legend
- Founder of the Vanguard Group
- Pioneered Passive investing by introducing the Vanguard Index Fund in 1976
- "Thomas Edison" of the index fund
- Wrote many books on investing
- Strong proponent of Passive Investing - suggests holding index funds for the long-term
- One of the most prominent buy-and-hold advocates
- Warned in a 2018 Wall Street Journal article that Passive Index Funding may have grown to be too large a % of the entire markets
- Claims that passive investing is better than active investing
- Passive investing fees are lower
- Active Managers are unable to beat the market