The Worth Of A Man: A Tribute To John C. Bogle

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Rick Ferri
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The Worth Of A Man: A Tribute To John C. Bogle

Post by Rick Ferri »

A Bogleheads tribute to Mr. Bogle now on Forbes.com

The Worth Of A Man: A Tribute To John C. Bogle

Rick Ferri
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by laughlinlvr »

Thank you for this link. The opening line cannot be improved on IMO.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by BrooklynInvest »

A great article Rick - thank you.

Am deeply saddened by his loss but eternally grateful for his contribution to society and my account balance. A titan.

Was trying to think about what I could do in his honor and I'm gonna drink a good glass of my (moderately) expensive bourbon while making an additional contribution to my S&P index fund. I hope he'd approve.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by LadyGeek »

FYI - Let's leave this discussion here, separate from the on-going discussion at: John Bogle is dead at 89
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by squirrel1963 »

RIP mister John C. Bogle. I cannot think of anyone else in investing history who impacted investors everywhere in such a positive manner. He was a true visionary and his S&P500 first index fund was truly a disruptive innovation in the financial world. I will miss his wisdom very much. Rest in peace.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Gnirk »

R.I.P. Mr Bogle. And thank you for saving my financial life.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Jazzysoon »

Rick- wonderful tribute. Thanks for submitting it so quickly.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by dodecahedron »

This excerpt from Rickś article really resonated with me.
One of my favorite books Jack Bogle wrote was titled “Enough, True Measures of Money, Business, and Life”. It reveals Jack’s unparalleled insights on money and what we should consider as the true treasures in our lives. He details the values we should emulate in our business and professional callings and provides thought-provoking life lessons regarding our individual roles in society. Jack examined what it truly means to have "enough" in a world increasingly focused on status and score-keeping.
I have a number of Jack´s books, but this is also a personal favorite of mine and the one I had already decided to re-read before going to bed tonight.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by nedsaid »

Rick, that was a very nice tribute to the great John Bogle. I think perhaps from now on I might refer to him as St. Jack Bogle. He was truly a great man, one of those rare people with whom I was increasingly impressed with. That is hard to do.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by greg24 »

Rick, well done.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by White Coat Investor »

Good column. You know you're the closest thing we have left to someone like Jack right? Big shoes to fill. No pressure.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by JBTX »

Rick, well done.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by willthrill81 »

Nicely done Rick.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Grt2bOutdoors »

Well done Rick.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by JoMoney »

Well said, thank you Rick.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by porpoise »

Thank you for sharing this link.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by tarmangani »

Nice title, nice opening line--nice, well, everything. Great piece.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by AlphaLess »

A wall of tributes to Mr Bogle on bloomberg.com:

https://www.bloomberg.com/news/articles ... jack-bogle
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by rockonhumblepie »

Right on the money,Mr Rick.

Time to push the "Bogle Rule".
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Luckywon »

Wonderful tribute.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by mrspock »

Great article.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by rvs323 »

Thank you for articulating so elegantly what so many of us are feeling.
Well done Sir!
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by bondsr4me »

Great title; very nice tribute to a truly great but humble man.

He’s the greatest friend an investor could have.

Thanks Rick.

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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by chw »

Well done Rick. A fitting tribute by one of his many friends.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by ROIGuy »

laughlinlvr wrote: Wed Jan 16, 2019 7:24 pm Thank you for this link. The opening line cannot be improved on IMO.
+1
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by sschullo »

dodecahedron wrote: Wed Jan 16, 2019 10:03 pm This excerpt from Rickś article really resonated with me.
One of my favorite books Jack Bogle wrote was titled “Enough, True Measures of Money, Business, and Life”. It reveals Jack’s unparalleled insights on money and what we should consider as the true treasures in our lives. He details the values we should emulate in our business and professional callings and provides thought-provoking life lessons regarding our individual roles in society. Jack examined what it truly means to have "enough" in a world increasingly focused on status and score-keeping.
I have a number of Jack´s books, but this is also a personal favorite of mine and the one I had already decided to re-read before going to bed tonight.
Yeah! I read "Enough" twice also. What a genuinely wise man, and which is why Jack was a great man for decades. I found it so refreshing that I read it twice to relearn and absorb all of his wisdom. Bogle shows how people can be content and satisfied with their lives as reflected by many of the philosophers Bogle cited and woven into his philosophy of living.
The subtitle says it all: "True Measures of Money, Business and Life." It’s not just about money, beating the other guy because one has to compete and WIN, it’s how we conduct ourselves as compassionate and committed human beings. Most of us want lives that are uncomplicated, low stress as we work hard to make our unique contributions to society.

Thank you Rick for reminding me of Jack's greatest book. He challenged and confronted head-on with our current unsustainable competitive system where making more money than the other guy/gal is the only measure of a successful life.
Never in the history of market day-traders’ has the obsession with so much massive, sophisticated, & powerful statistical machinery used by the brightest people on earth with such useless results.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by JPH »

Its completely flabbergasting to me that the Fiduciary Rule could not be adopted.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Maven »

Perfect. Thank you.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by shawcroft »

JPH wrote: Thu Jan 17, 2019 7:00 am Its completely flabbergasting to me that the Fiduciary Rule could not be adopted.
First: Rick- a great reflection and thank you for posting it for all to read.....

Second: to JPH- I agree with you- I too am surprised the Fiduciary Rule ( "Bogle Rule") has not-as yet been adopted. Perhaps a tribute we Bogleheads can work on is getting the "Bogle Rule" adopted. As Jack would likely say: "press on, regardless"

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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Top99% »

Thanks for posting a nice tribute to a man who did so much for so many.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Strayshot »

White Coat Investor wrote: Wed Jan 16, 2019 10:11 pm Good column. You know you're the closest thing we have left to someone like Jack right? Big shoes to fill. No pressure.
+1 :sharebeer

One of the many amazing things about Jack was that he kept on message sharing his/our philosophy until his last breath via almost every form of media. He was well connected and well respected so staying the course still managed to resonate even amongst all the other financial noise that the industry thrives on.

We absolutely need more respected and connected members of the financial community to carry that torch, and it certainly won’t be any active fund pundits or investment managers on CNBC.

I saw a “Fisher Investments” advertisement yesterday and it made me gag.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by dbforbes »

Great tribute, Rick, for a great man! While he is now at rest, his aspirations carry on! Agreed re the Bogle Rule!
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by wolf359 »

Great tribute, Rick.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Broken Man 1999 »

Thank you for a wonderful tribute to Mr Bogle, Rick!

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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by CollegePrudens »

Thank you Rick.

I haven't read “Enough, True Measures of Money, Business, and Life” but I will now.

With tears in my eyes... what a sad day
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by dodecahedron »

CollegePrudens wrote: Thu Jan 17, 2019 8:49 am I haven't read “Enough, True Measures of Money, Business, and Life” but I will now.
Jack Bogleś introduction to the Enough book is a lyrical reflection on his life history, starting with a tribute to the frugal habits he inherited as a legacy from his Scots grandparents (on both sides of his family.)

Particularly poignant and apt reading right now.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by ruralavalon »

Rick Ferri wrote: Wed Jan 16, 2019 7:16 pm A Bogleheads tribute to Mr. Bogle now on Forbes.com

The Worth Of A Man: A Tribute To John C. Bogle

Rick Ferri
Very nice tribute, thanks Rick.
AlphaLess wrote: Wed Jan 16, 2019 11:19 pm A wall of tributes to Mr Bogle on bloomberg.com:

https://www.bloomberg.com/news/articles ... jack-bogle
Thanks for the link.
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Soundwall »

Thank you for sharing this Rick
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Bruce »

A worthy tribute.

Thanks for writing and sharing that Rick!

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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by garlandwhizzer »

Great article, Rick, thanks for posting. I particularly loved the following quote.
He details the values we should emulate in our business and professional callings and provides thought-provoking life lessons regarding our individual roles in society. Jack examined what it truly means to have "enough" in a world increasingly focused on status and score-keeping.

Most people choose a career in the investment business to make money; Jack Bogle chose to use that career to make a difference. Rest in peace, Jack. You’ve done enough.
Bogle was a lot more than just a financial genius. He was a highly ethical man grounded in his values of seeking the general good rather than just maximally lining his own pockets which is all too common in the financial industry. He was a giant who will be missed.

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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Fallible »

It’s so good to see this tribute, especially the reference to Jack’s “tireless campaign” to “bring integrity to the financial system.” It reminded me of his appearance on a PBS show in 2007 about reports of private equity firms and hidden ownership of nursing homes. Interviewed by Bill Moyers, Jack said that capitalism should “ultimately serve the consumer” and that “Greed has a role in a capitalistic society, but not the dominant role.” Here is the interview in case anyone is interested:

https://www.youtube.com/watch?v=c-4tMkDrYnQ

Also, while reading your tribute Rick, I was nodding in agreement all the way until I got to your line: “Rest in peace, Jack. You’ve done enough.” And I thought, yes, he has done enough, but would he ever have agreed to that?
"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
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Re: The Worth Of A Man: A Tribute To John C. Bogle

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Fallible wrote: Thu Jan 17, 2019 6:34 pm While reading your tribute Rick, I was nodding in agreement all the way until I got to your line: “Rest in peace, Jack. You’ve done enough.” And I thought, yes, he has done enough, but would he ever have agreed to that?
Oh, hell no!

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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Fallible »

Rick Ferri wrote: Thu Jan 17, 2019 6:38 pm
Fallible wrote: Thu Jan 17, 2019 6:34 pm While reading your tribute Rick, I was nodding in agreement all the way until I got to your line: “Rest in peace, Jack. You’ve done enough.” And I thought, yes, he has done enough, but would he ever have agreed to that?
Oh, hell no!

Rick Ferri
:thumbsup :)
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by abuss368 »

White Coat Investor wrote: Wed Jan 16, 2019 10:11 pm Good column. You know you're the closest thing we have left to someone like Jack right? Big shoes to fill. No pressure.
Could not agree more. Rick Ferri has taught me so much. Very knowledgable and resourceful. Out of all the advisors on our forum over the years Rick has clearly been my favorite. I missed his posts when he was gone and I am thankful that he is back.

I also like the direction Rick has been moving towards over the past couple of years: additional simplicity and less funds.
John C. Bogle: “Simplicity is the master key to financial success."
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by abuss368 »

Fallible wrote: Thu Jan 17, 2019 6:34 pm Also, while reading your tribute Rick, I was nodding in agreement all the way until I got to your line: “Rest in peace, Jack. You’ve done enough.” And I thought, yes, he has done enough, but would he ever have agreed to that?
No chance!
John C. Bogle: “Simplicity is the master key to financial success."
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Re: The Worth Of A Man: A Tribute To John C. Bogle

Post by Booksandbikes22 »

I remember Mr. Bogle from a talk he gave in New Orleans. I arrived an hour before the event. The lobby was empty except for one person at the registration table and Mr. Bogle. He told me he always came an hour early so he could talk to people. That says it all. RIP.
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