Search found 545 matches

by Howard Donnelly
Fri Oct 11, 2019 2:48 am
Forum: Investing - Theory, News & General
Topic: "Bogle on Mutual Funds" A Gem
Replies: 23
Views: 2915

Re: "Bogle on Mutual Funds" A Gem

Excellent. Thank you, Taylor.
by Howard Donnelly
Tue Oct 08, 2019 4:12 pm
Forum: US Chapters
Topic: Jack Bogle Professional Photos
Replies: 5
Views: 1099

Jack Bogle Professional Photos

Here are some beautiful photos of Jack Bogle, his wife, Eve, and friends:

https://www.jonsarstudios.com/conversat ... ck-c-bogle
by Howard Donnelly
Wed Sep 04, 2019 9:46 am
Forum: Investing - Theory, News & General
Topic: "I Embrace Dumb Beta"
Replies: 10
Views: 1088

Re: "I Embrace Dumb Beta"

Excellent interview and advice. Thank you, Taylor.
by Howard Donnelly
Mon Sep 02, 2019 9:42 pm
Forum: Investing - Theory, News & General
Topic: 3 fund people how are you feeling?
Replies: 112
Views: 13367

Re: 3 fund people how are you feeling?

Taylor's approach makes the most sense to me. I'm grateful for the information and advice he provides.
by Howard Donnelly
Thu Aug 29, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: "The Importance of Simplicity"
Replies: 24
Views: 2545

Re: "The Importance of Simplicity"

Thank you, Taylor. I love those quotes.

Here's a quote about investing that I've found very helpful: "The master key to wealth can be summed up in just one word: simplicity." - From The Millionaire in You, by Michael LeBoeuf.
by Howard Donnelly
Mon Aug 26, 2019 3:34 pm
Forum: Investing - Theory, News & General
Topic: Morgan Housel: Why Complexity Sells
Replies: 1
Views: 239

Morgan Housel: Why Complexity Sells

Here's a very interesting article by Morgan Housel:

https://www.collaborativefund.com/blog/ ... ity-sells/

[Housel draws parallels to evolution in discussing why complexity and length seems more attractive, when actually simplicity and brevity are better choices- Moderator Misenplace]
by Howard Donnelly
Mon Aug 26, 2019 3:05 pm
Forum: Investing - Theory, News & General
Topic: "A Down-Market Survival Guide For Preretires."
Replies: 4
Views: 1475

Re: "A Down-Market Survival Guide For Preretires."

Bogleheads: If you are approaching retirement, Morningstar's Christine Benz offers excellent advice. These are quotes: "If you haven’t taken steps to protect your portfolio and your plan ahead of serious market gyrations, the short-term nuisance of volatility can turn into actual risk in a hurry." ...
by Howard Donnelly
Sat Aug 24, 2019 8:39 am
Forum: Investing - Theory, News & General
Topic: A theory of one's general investing mindset: 'Good enough' or 'Optimize'
Replies: 297
Views: 13315

Re: A theory of one's general investing mindset: 'Good enough' or 'Optimize'

Interesting quote from Warren Buffett: "There seems to be some perverse human characteristic that likes to make easy things difficult."
by Howard Donnelly
Thu Aug 15, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: [Larry Swedroe: Small Value Stocks are Cheap, Factor Investing Works]
Replies: 673
Views: 28321

Re: Past Performance and Nobel Laureates Recommendations

Bogleheads: We have over 100 Replies to the original post that "Small Value Stocks Are Cheap." Many replies use "past performance" to argue their case. In my opinion, "past performance" is nearly useless and often misleading. Bill Schultheis, adviser and author of The Coffeehouse Investor put it be...
by Howard Donnelly
Wed Aug 14, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle's Articles and Speeches
Replies: 5
Views: 627

Re: Jack Bogle's Articles and Speeches

Thank you Taylor and abuss368!
by Howard Donnelly
Tue Aug 06, 2019 7:35 pm
Forum: Investing - Theory, News & General
Topic: "When Will Smart Beta Be Smart?"
Replies: 28
Views: 2132

Re: "When Will Smart Beta Be Smart?"

"Smart beta is stupid." - Jack Bogle He said more than those four words about it, by the way. It was in a 2017 interview by Chuck Jaffe, Jack Bogle tells you the secret to becoming a winning investor , and it contained this exchange: Bogle: Smart beta is stupid. [Jaffe:] So not one of these new ind...
by Howard Donnelly
Tue Aug 06, 2019 4:46 pm
Forum: Investing - Theory, News & General
Topic: Factors, tilting, and efficient markets
Replies: 55
Views: 3391

Re: Factors, tilting, and efficient markets

Although, I’m a fairly experienced Boglehead, I have to admit that I’m not very knowledgeable about “factors” and the theoretical basis for tilting towards small cap, value, etc. ceperry: You can read my thoughts about factor investing (now the WORST Morningstar category) here: Factors Best wishes....
by Howard Donnelly
Tue Aug 06, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: "When Will Smart Beta Be Smart?"
Replies: 28
Views: 2132

Re: "When Will Smart Beta Be Smart?"

"Smart beta is stupid." - Jack Bogle
by Howard Donnelly
Mon Jul 29, 2019 4:16 pm
Forum: Investing - Theory, News & General
Topic: John Bogle's "Philosophical Disagreement" with Eugene Fama
Replies: 104
Views: 11419

Re: John Bogle's "Philosophical Disagreement" with Eugene Fama

From "Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger": "Why did Max Planck, one of the smartest people who ever lived, give up economics? The answer is, he said, 'It's too hard. The best solution you can get is messy and uncertain.'" - Page 399. Planck went on to study physics: "Pl...
by Howard Donnelly
Sun Jul 28, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle tells you the secret to becoming a winning investor
Replies: 0
Views: 534

Jack Bogle tells you the secret to becoming a winning investor

" On smart beta investing in general: Bogle: Smart beta is stupid. So not one of these new index products is intriguing? Bogle: No, no, no, no, no. … Academics can find anything with these masses of data they have on their computers. They can find something that works in the past, it’s as easy as ro...
by Howard Donnelly
Thu Jul 25, 2019 8:15 pm
Forum: Investing - Theory, News & General
Topic: Types of Risk
Replies: 22
Views: 1350

Re: Types of Risk

Thank you, Taylor. Great post about Mr. Bogle's book, "Enough." I couldn't agree more.
by Howard Donnelly
Tue Jul 23, 2019 10:48 am
Forum: Investing - Theory, News & General
Topic: The 10 Smartest Things Said About Investing by Vanguard Founder Jack Bogle
Replies: 2
Views: 621

The 10 Smartest Things Said About Investing by Vanguard Founder Jack Bogle

“The great paradox of this remarkable age is that the more complex the world around us becomes, the more simplicity we must seek in order to realize our financial goals. Never underrate either the majesty of simplicity or its proven effectiveness as a long-term strategy for productive investing. Sim...
by Howard Donnelly
Tue Jul 23, 2019 8:54 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Next "Bogleheads on Investing" podcast guest
Replies: 61
Views: 6979

Re: Larry Swedroe: Next "Bogleheads on Investing" podcast guest

When can we expect the podcast to be done and available?
by Howard Donnelly
Fri Jul 19, 2019 2:33 am
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 115
Views: 50649

Re: If I Knew Then What I Know Now

Great post! Thank you.
by Howard Donnelly
Thu Jul 18, 2019 8:02 pm
Forum: Investing - Theory, News & General
Topic: Why Warren Buffett makes Vanguard founder Jack Bogle feel like ‘one of the lucky ones’
Replies: 3
Views: 1135

Re: Why Warren Buffett makes Vanguard founder Jack Bogle feel like ‘one of the lucky ones’

"John Bogle built a nonprofit business with $5 trillion under management. What would have been profit effectively went to retirees. He's the biggest undercover philanthropist of all time." - Morgan Housel (Italics mine.)
by Howard Donnelly
Thu Jul 18, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Next "Bogleheads on Investing" podcast guest
Replies: 61
Views: 6979

Re: Larry Swedroe: Next "Bogleheads on Investing" podcast guest

Three questions please:

1. Jack Bogle did not like “factor” funds. How do you respond?
2. Small Cap Value currently has the worst performance of all Morningstar style categories. What is your current favorite factor fund?
3. May I ask, how many advisors do you currently represent?

Thank you,
Howard
by Howard Donnelly
Tue Jul 16, 2019 10:34 am
Forum: Investing - Theory, News & General
Topic: "Stay the Course," by Jack Bogle [book]
Replies: 4
Views: 576

Re: "Stay the Course," by Jack Bogle

Thank you, schooner. I appreciate hearing your thoughts about it.
by Howard Donnelly
Tue Jul 16, 2019 9:59 am
Forum: Investing - Theory, News & General
Topic: "Stay the Course," by Jack Bogle [book]
Replies: 4
Views: 576

"Stay the Course," by Jack Bogle [book]

Have you read the book? If so, how did you like it? What did you like best? What did you like least?

https://www.amazon.com/Stay-Course-Stor ... 1119404304

Thank you,
Howard
by Howard Donnelly
Sun Jul 14, 2019 8:52 am
Forum: Investing - Theory, News & General
Topic: My 3 Favorite Boglehead Books
Replies: 1
Views: 439

My 3 Favorite Boglehead Books

(This topic is especially intended for new forum members and visitors.) My 3 favorite Boglehead books: The Millionaire in You , by Michael LeBoeuf. "LeBoeuf's Law: Invest your time actively and your money passively." "The master key to wealth can be summed up in just one word: simplicity ." "If you ...
by Howard Donnelly
Sat Jul 13, 2019 8:44 am
Forum: Investing - Theory, News & General
Topic: Five Nobel Laureates Recommend The Market Portfolio
Replies: 58
Views: 7073

Re: Five Nobel Laureates Recommend The Market Portfolio

Robert Shiller : "A portfolio approximating the market may be the most important portfolio." It's informative to review Shiller's words in their full context , where he says (emphasis added): The market portfolio is in one sense the least important portfolio to provide to investors . In an J-agent ...
by Howard Donnelly
Fri Jul 12, 2019 6:20 pm
Forum: Investing - Theory, News & General
Topic: Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation
Replies: 84
Views: 4188

Re: Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation

In his book The Clash of the Cultures , Jack Bogle wrote: Rarely are my views on ETFs aptly characterized. So let me be clear: I remain positive on the concept, but only when the right kinds of ETFs are (a) used properly and (b) used for investment and not speculation. He considered broad-market in...
by Howard Donnelly
Fri Jul 12, 2019 5:56 pm
Forum: Investing - Theory, News & General
Topic: Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation
Replies: 84
Views: 4188

Re: Why Index Fund Creator Jack Bogle Hated ETFs

Two of these in 38 mintues? https://www.bogleheads.org/forum/viewtopic.php?f=10&t=285504&newpost=4639063&view=unread#unread Seems like we are being trolled. No, I believe the OP is posting in response to the other thread, in which many Bogleheads commented that Jack Bogle was wrong about ETFs. Howa...
by Howard Donnelly
Fri Jul 12, 2019 5:52 pm
Forum: Investing - Theory, News & General
Topic: Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation
Replies: 84
Views: 4188

Re: Index Fund Creator Jack Bogle didn't like ETFs to be used for speculation

In his book The Clash of the Cultures , Jack Bogle wrote: Rarely are my views on ETFs aptly characterized. So let me be clear: I remain positive on the concept, but only when the right kinds of ETFs are (a) used properly and (b) used for investment and not speculation. He considered broad-market in...
by Howard Donnelly
Fri Jul 12, 2019 5:33 pm
Forum: Investing - Theory, News & General
Topic: Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation
Replies: 84
Views: 4188

Index Fund Creator Jack Bogle Didn't Like ETFs Being Used For Speculation

[Thread merged into here, see post by jbranx below. --admin LadyGeek] A few years ago at a conference of his devotees, known as Bogleheads, he said that “ETFs are like the famous Purdey shotgun. Great for killing big game in Africa and great for suicide.” He loved to disparage the new, and frankly ...
by Howard Donnelly
Fri Jul 12, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: [From May 4, 2019] Vanguard Founder Jack Bogle's Investment Tips, 12 Years Later
Replies: 3
Views: 557

Re: [From May 4, 2019] Vanguard Founder Jack Bogle's Investment Tips, 12 Years Later

The article in turn references a 2007 article, written for Barron's by Bogle himself but not previously published: The Late Vanguard Founder Jack Bogle on 4 Simple Tips for Successful Investing . Nothing unfamiliar to Bogleheads. Four principles explained in four short paragraphs. With regard to si...
by Howard Donnelly
Fri Jul 12, 2019 5:28 am
Forum: Investing - Theory, News & General
Topic: [From May 4, 2019] Vanguard Founder Jack Bogle's Investment Tips, 12 Years Later
Replies: 3
Views: 557

[From May 4, 2019] Vanguard Founder Jack Bogle's Investment Tips, 12 Years Later

"'Successful investing doesn't require sophistication and complexity; all that’s necessary is a healthy dose of common sense,' Bogle wrote, according to Barron’s."

https://www.bloomberg.com/news/articles ... ears-later
by Howard Donnelly
Thu Jul 11, 2019 5:39 pm
Forum: Investing - Theory, News & General
Topic: Three most important elements of investment success
Replies: 67
Views: 6693

Re: Three most important elements of investment success

I love it! One question please: Would you explain your statement: "Complexity is the mother of simplicity."? My friend, Allan Roth (who is undergoing hip surgery today) often says, "There is complexity in finding simplicity". Einstein says, "Out of complexity, find simplicity" I said, "Complexity i...
by Howard Donnelly
Thu Jul 11, 2019 9:20 am
Forum: Investing - Theory, News & General
Topic: Why Warren Buffett makes Vanguard founder Jack Bogle feel like ‘one of the lucky ones’
Replies: 3
Views: 1135

Why Warren Buffett makes Vanguard founder Jack Bogle feel like ‘one of the lucky ones’

"As a result of developing the index fund, Buffett lauded Bogle for helping to put 'tens, and tens, and tens, of billions' into the pockets of investors. 'And those numbers are going to be in the hundreds and hundreds of billions over time,' he added." https://www.cnbc.com/2018/04/16/warren-buffett-...
by Howard Donnelly
Thu Jul 11, 2019 9:00 am
Forum: Investing - Theory, News & General
Topic: Three most important elements of investment success
Replies: 67
Views: 6693

Re: Three most important elements of investment success

I love it!

One question please: Would you explain your statement: "Complexity is the mother of simplicity."?
by Howard Donnelly
Wed Jul 10, 2019 10:46 am
Forum: Investing - Theory, News & General
Topic: What is a Boglehead and what Investing Lessons can you Learn?
Replies: 5
Views: 826

Re: What is a Boglehead and what Investing Lessons can you Learn?

If you're new to the forum, you should read this one.

Best,
Howard
by Howard Donnelly
Wed Jul 10, 2019 9:01 am
Forum: Investing - Theory, News & General
Topic: Buffet says no to bonds - recommends equities and cash
Replies: 91
Views: 14539

Re: Buffet says no to bonds - recommends equities and cash

This article and thread are from 2013. What do you think of Warren Buffett's comments now, in hindsight? What is the current thinking on this subject?
by Howard Donnelly
Wed Jul 10, 2019 8:42 am
Forum: Investing - Theory, News & General
Topic: [2014 Interview with] Jack Bogle: Latest Investor Trends Are Just That--Trends
Replies: 20
Views: 1196

Re: Jack Bogle: Latest Investor Trends Are Just That--Trends

Thank you all for your responses. This is very interesting and helpful.
by Howard Donnelly
Tue Jul 09, 2019 2:40 pm
Forum: Investing - Theory, News & General
Topic: Why factor investing isn't working
Replies: 484
Views: 25148

Re: Why factor investing isn't working

Taylor Larimore wrote:
Tue Jul 09, 2019 2:20 pm
matjean" wrote: It is people like you, Nisi, Taylor, etc. who are always barging in it seems to me.
matjean:

Sorry, I didn't realize we were "barging in" when trying to remind investors that this forum is about Jack's wisdom - not factor investing which he disapproved.

Best wishes.
Taylor
+1
by Howard Donnelly
Tue Jul 09, 2019 10:53 am
Forum: Investing - Theory, News & General
Topic: What is a Boglehead and what Investing Lessons can you Learn?
Replies: 5
Views: 826

What is a Boglehead and what Investing Lessons can you Learn?

"The Bogleheads Investing Forum is one of the most active, and honestly one of the best, resources when it comes to investing Q&A."

https://thecollegeinvestor.com/4119/boglehead/
by Howard Donnelly
Sat Jul 06, 2019 5:37 pm
Forum: Investing - Theory, News & General
Topic: John Bogle says investors don't need to own international stocks​
Replies: 42
Views: 4832

John Bogle says investors don't need to own international stocks​

"'Everyone tells me I'm wrong,' Mr. Bogle said. 'In my book, Bogle on Investing , I said, for a lot of reasons, you don't need to own international stock.' His argument: International investing involves extra risk, ranging from currency risk and economic risk to societal instability risk ." https://...
by Howard Donnelly
Sat Jul 06, 2019 8:34 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle was right: smart beta ETFs are closet trackers (including Vanguard’s)
Replies: 21
Views: 2689

Jack Bogle was right: smart beta ETFs are closet trackers (including Vanguard’s)

"But for Jack Bogle, the founder of Vanguard, the problem with smart beta is more simple: they’re just 'closet trackers'. Smart beta funds pretend to do something different and interesting – i.e., they pretend to be smart. But deep down inside, they’re hugging the index just like plain vanilla index...
by Howard Donnelly
Fri Jul 05, 2019 9:28 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead explains the simplest way to manage your money
Replies: 0
Views: 1048

A Boglehead explains the simplest way to manage your money

"Taylor Larimore is a big advocate of keeping investing simple — simple enough to be handled with just three mutual funds. He says it means he doesn’t need to spend more than about an hour a year managing his money. Larimore is also one of the founders of Bogleheads, a passionate community of invest...