"John C. Bogle, The $24 Billion Man"

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
Post Reply
User avatar
Topic Author
Taylor Larimore
Posts: 32839
Joined: Tue Feb 27, 2007 7:09 pm
Location: Miami FL

"John C. Bogle, The $24 Billion Man"

Post by Taylor Larimore »

Allan Roth, a Boglehead author and adviser, has written this insightful tribute to Jack Bogle:

John C. Bogle, the $24 Billion Man

Allan, thank you for reminding us how fortunate we are to have this remarkable man for our friend and mentor.

Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle
User avatar
Jazzman
Posts: 151
Joined: Wed Feb 28, 2007 12:36 am
Location: MIAMI & NYC

Re: "John C. Bogle, The $24 Billion Man"

Post by Jazzman »

plus 1.
ScottW
Posts: 165
Joined: Tue Mar 25, 2008 8:13 am

Re: "John C. Bogle, The $24 Billion Man"

Post by ScottW »

While we're on the subject of low expenses, I was surprised to see how cheap some of Vanguard's admiral shares are these days. In many cases, they are even less expensive than their comparable ETFs. Mid-cap value is only 10 basis points, while the total stock market is only 7. Those are numbers you used to only see for institutional classes.

And today when I purchased EAFE Value (EFV) through VBS, my commission was only $2.
Fallible
Posts: 8795
Joined: Fri Nov 27, 2009 3:44 pm

Re: "John C. Bogle, The $24 Billion Man"

Post by Fallible »

This is beautiful and thanks for posting, Taylor. I especially love this paragraph, as I think it's how all Bogleheads feel deeply:

"Princeton professor, Burton Malkiel, author of A Random Walk Down Wall Street, will be one of the speakers at this forum. I credit him with teaching me the futility of spending money to try to outsmart the market. I credit Bogle with giving me the index fund as the tool to implement my investing. I asked Malkiel what Bogle has meant for investors, and he responded, "Jack Bogle is the greatest friend the individual investor has ever had." I couldn't agree more."
"Yes, investing is simple. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." ~Jack Bogle
User avatar
ofcmetz
Posts: 2465
Joined: Tue Feb 08, 2011 7:09 pm
Location: Louisiana

Re: "John C. Bogle, The $24 Billion Man"

Post by ofcmetz »

Thanks for posting such a nice article.
Never underestimate the power of the force of low cost index funds.
Sam I Am
Posts: 2062
Joined: Tue Feb 20, 2007 6:58 pm

Re: "John C. Bogle, The $24 Billion Man"

Post by Sam I Am »

Message deleted.
Last edited by Sam I Am on Tue Oct 08, 2013 5:38 pm, edited 1 time in total.
User avatar
Liquid
Posts: 301
Joined: Sat Aug 06, 2011 10:17 am

Re: "John C. Bogle, The $24 Billion Man"

Post by Liquid »

Thumbs way up!!
User avatar
Stickman
Posts: 159
Joined: Sat Sep 08, 2007 3:32 pm
Contact:

Re: "John C. Bogle, The $24 Billion Man"

Post by Stickman »

That's a very nice article Allan. Thank you.
But you are too conservative. Character matters. Priceless!

And thank you Taylor for bringing it to our attention.
mur44
Posts: 718
Joined: Tue Feb 27, 2007 8:30 am

Re: "John C. Bogle, The $24 Billion Man"

Post by mur44 »

Would the event honoring Jack Bogle ( John Bogle will be honored next week in New York at the John C. Bogle Legacy Forum) be streamed online?

I will be interested in watching the same, if available.
leod
Posts: 606
Joined: Tue Sep 22, 2009 2:54 pm

Re: "John C. Bogle, The $24 Billion Man"

Post by leod »

$24B a year in savings from MF industry from indexing :greedy
Post Reply