John C. Bogle

Date of Birth: May 8, 1929

Zodiac Sign: Taurus

Date of Death: January 16, 2019

Biography

John Clifton Bogle, commonly known as Jack Bogle, was an American investor, business magnate, and philanthropist. He was born on May 8, 1929, in Montclair, New Jersey. Bogle is most famously known as the founder of The Vanguard Group, an investment management company that introduced the first index mutual fund available to individual investors. He revolutionized the mutual fund industry by focusing on low-cost index investing for the average investor, leading to significant changes in the financial services industry. Bogle graduated magna cum laude from Princeton University in 1951, where he wrote an influential senior thesis on the mutual fund industry. His career began at Wellington Management Company, but it wasn’t until he founded Vanguard in 1974 that he made his most impactful contributions. Under Bogle’s leadership, Vanguard grew to become one of the largest and most respected mutual fund companies in the world. Jack Bogle’s philosophy of “common sense” investing continues to influence financial markets and investment strategies to this day.

5 Interesting Facts about John C. Bogle

1. John C. Bogle founded The Vanguard Group in 1974 and served as its CEO until 1996.

2. He introduced the first index mutual fund available to individual investors in 1975, named the Vanguard 500 Index Fund.

3. Bogle was a vocal critic of the high fees and costs associated with traditional mutual funds, advocating for low-cost alternatives.

4. He authored several books on investing, including the well-regarded “Common Sense on Mutual Funds” and “The Little Book of Common Sense Investing.”

5. Despite his success, Bogle was known for his modest lifestyle and strong ethical standards, often emphasizing the importance of putting the interests of investors first.

5 Most Interesting Quotes from John C. Bogle

1. “Don’t look for the needle in the haystack. Just buy the haystack!”

2. “The greatest enemy of a good plan is the dream of a perfect plan.”

3. “The stock market is a giant distraction to the business of investing.”

4. “Time is your friend; impulse is your enemy.”

5. “If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.”

Highest Net Worth Achieved

At his peak, John C. Bogle’s net worth was estimated to be around $80 million. Despite his substantial wealth, he was known for his philanthropy and modest lifestyle.