Jack Bogle on CNBC 9.30.11

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
Post Reply
Saggy
Posts: 64
Joined: Mon Jun 27, 2011 7:35 am

Jack Bogle on CNBC 9.30.11

Post by Saggy » Fri Sep 30, 2011 11:13 am

http://video.cnbc.com/gallery/?video=3000048691

I just love the reporter looking for him to give an easy solution for people that need a quick fix/short term solution to what needs long term planning. He is one calm and cool man. What a breath of fresh air amongst the short term fear mongers.

zotty
Posts: 841
Joined: Tue Sep 15, 2009 5:18 pm
Location: DFW, Texas

Post by zotty » Fri Sep 30, 2011 11:28 am

CNBC's investment horizon is the next 5 minutes.

What, Jack, do you think the market will do this afternoon, what about tomorrow?

I wonder if they are really that stupid or whether they are just doing it because their advertisers depend on it.

am
Posts: 2578
Joined: Sun Sep 30, 2007 9:55 am

Post by am » Fri Sep 30, 2011 6:02 pm

CNBC is geared towards the average investor since they want ratings. The average investor is not a boglehead by any stretch of the imagination.

User avatar
TrustNoOne
Posts: 787
Joined: Thu Oct 30, 2008 7:09 am

Post by TrustNoOne » Fri Sep 30, 2011 6:33 pm

Seems to me they tend to bring him on when they need a calming voice. He seems to be asked to appear when the market has had a rough ride. I always think the question they (not just CNBC but all the media) ask him show they have no real idea of what his philosophy is. Its like asking a concert pianist "Got any suggestions for someone who wants to start a rock band?"

User avatar
rustymutt
Posts: 3721
Joined: Sat Mar 07, 2009 12:03 pm
Location: Oklahoma

Post by rustymutt » Fri Sep 30, 2011 7:32 pm

TrustNoOne wrote:Seems to me they tend to bring him on when they need a calming voice. He seems to be asked to appear when the market has had a rough ride. I always think the question they (not just CNBC but all the media) ask him show they have no real idea of what his philosophy is. Its like asking a concert pianist "Got any suggestions for someone who wants to start a rock band?"

I was thinking of him as the voice of reason more so than the voice of calming. Maybe a little of both. Jack's a realist, what he tells people applies to everyone who listens to his points. He's not on TV selling investments.
I'm amazed at the wealth of Knowledge others gather, and share over a lifetime of learning. The mind is truly unique. It's nice when we use it!

Leesbro63
Posts: 5331
Joined: Mon Nov 08, 2010 4:36 pm

Post by Leesbro63 » Fri Sep 30, 2011 7:42 pm

Considering his age and his health challenges he really packs an amazing punch. Comes off very very strong (in a positive way) on the air.

Beagler
Posts: 3442
Joined: Sun Dec 21, 2008 7:39 pm

Post by Beagler » Fri Sep 30, 2011 7:58 pm

Mr. Bogle is a tonic for rough financial waters, a bromide for investors needing a calm voice.
“The only place where success come before work is in the dictionary.” Abraham Lincoln. This post does not provide advice for specific individual situations and should not be construed as doing so.

User avatar
MekongTrader
Posts: 357
Joined: Wed Jul 16, 2008 2:33 am
Location: On the banks of the Mekong

Post by MekongTrader » Fri Sep 30, 2011 11:41 pm

Thanks for posting this video.

Always good to hear from the man himself.

Investing boglehead-style in itself is like watching paint dry. Really, what Mr. Bogle said here has been said many many times before, by himself. Actually they could just run a tape of what he said the previous time because it's the same over and over: Assett allocation bonds in years, ignore the noise and stay the course. Done.

Anyway, catching a glimpse of him is great motivation from me every time I see him.

MT

Post Reply