John C. Bogle R.I.P – 89

THE VANGUARD GROUP FOUNDER

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[By Dr. David Edward Marcinko MBA]

John Bogle, who founded Vanguard and revolutionized retirement savings, dies at age 89.

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http://www.philly.com/business/john-bogle-dead-vanguard-obituary-20190116.html

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The Vanguard Group is an American registered investment advisor based in Malvern, Pennsylvania with over $5.1 trillion in assets under management. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds in the world after BlackRock’s iShares.

In addition to mutual funds and ETFs, Vanguard offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services.

Assessment

I attended medical school in Philadelphia back in the day, which was not far from Malvern; PA. My girl friend at the time was at the Wharton School. So, we were thrilled to have the occasion to actually visit and tour Vanguard Headquarters. We were not able to meet Mr. Bogle but I am very grateful to him.

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4 Responses

  1. RIP

    In his last major interview, Jack Bogle gave a warning about this bull market.

    http://www.msn.com/en-us/money/markets/in-his-last-major-interview-jack-bogle-gave-a-warning-about-this-bull-market/ar-BBSlsRm?li=BBnbfcN

    Martin

    Like

  2. Burton Malkiel:

    “I’m extremely sceptical that anyone can do stockpicking well. The evidence is clear that low-cost index funds have outperformed 90% of actively managed funds over 10 years. A precious few stockpickers do outperform but there is no way to know in advance who they might be”

    Deke

    Like

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