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

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

Post by Howard Donnelly » Thu Jul 11, 2019 9:20 am

"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- ... dship.html

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

Post by nedsaid » Thu Jul 18, 2019 7:34 pm

Bogle was nominated for the Presidential Medal of Freedom but never received it. This recognition from Warren Buffett at a Berkshire Hathaway annual meeting was a nice consolation prize.
A fool and his money are good for business.

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

Post by alter » Thu Jul 18, 2019 7:43 pm

Buffett would've never done something so altruistic himself. He probably would've tried to profit from it. Bogle is a true hero for what he did.

Topic Author
Howard Donnelly
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Joined: Tue Dec 14, 2010 3:19 pm

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

Post by Howard Donnelly » Thu Jul 18, 2019 8:02 pm

"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.)

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