IN MEMORY OF JOHN C. BOGLE

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Taylor Larimore
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IN MEMORY OF JOHN C. BOGLE

Post by Taylor Larimore » Thu Jan 16, 2020 10:34 am

To honor the memory of Jack Bogle, I offer these links and endorsement to Jack's "Investment Gems." I know of no better way to learn how to invest successfully.

1993 "BOGLE ON MUTUAL FUNDS"
"A longtime student of the fund industry, Bogle is both its harshest critic and its greatest friend. He is, in effect, the conscience of the industry. -- Don't buy another fund book until you read this book." Don Phillips, Morningstar Mutual Funds

1999 "COMMON SENSE ON MUTUAL FUNDS"
"Cogent, honest and hard-hitting. A must read for every investor" Warren E. Buffett

2002 "CHARACTER COUNTS"

"I date my success as an investor from the day I met Jack Bogle and learned about index mutual funds." Jane Bryant Quinn, Newsweek Columnist and Author

2005 "THE BATTLE FOR THE SOUL OF CAPITALISM"
"A brilliant and insightful book that highlights the many ways that our economy has suffered because managers have placed their own economic interests ahead of owners and investors." Eliot Spitzer, N.Y Attoney General

2007 "THE LITTLE BOOK OF COMMON SENSE INVESTING"
"Wether you know it or not, Wall Street wants to steal your future. If you want to stop them, drop everything, read this marvelous little book." William Bernstein, investment adviser and author.

2009 "ENOUGH"
"Enough, gives new meaning to the words 'commitment,' 'accountability,' and 'stewardship.' Bogle writes with clarity and passion. Must reading for millions of U.S. investors." Arthur Levitt, former chairman, U.S. Securities and Exchange Commision

2010 "COMMON SENSE ON MUTUAL FUNDS -- 10TH ANNIVERSARY EDITION"
"The only thing better than Bogle's original book is its improved revision. Bon appetit!" Paul A Samuelson, Nobel Laureate, Economics

2011 "DON'T COUNT ON IT"
"Read, learn, and support Jack's mission to reform the industry that has been his life's work." Paul Volocker, former chairman of the Federal Reserve.

2012 "THE CLASH of the CULTURES"
"This is vintage Bogle--a hard-hitting, no-holds-barred jeremiad showing how the culture of speculation has too often superseded the culture of long-term investing." Professor Burton Malkiel author of "A Random Walk Down Wall Street."

2015 "JOHN BOGLE ON INVESTING --THE FIRST 50 YEARS"
"Dedicated to all the human beings -- and especially those "Bogleheads" of the Internet, that dedicated and loyal cadre of Vanguard Diehards who give me strength to carry on my mission."

2019 "STAY THE COURSE"
"Only one man could've created Vanguard and only one man could've written this book. I'm thankful Jack has done both. -- Read the story of how it happened." Clifford Asness, Principal, AQR Capital Management

"If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle." -- Warren Buffett

[links fixed by admin LadyGeek]
Last edited by Taylor Larimore on Thu Jan 16, 2020 2:24 pm, edited 1 time in total.
"Simplicity is the master key to financial success." -- Jack Bogle

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Re: IN MEMORY OF JOHN C. BOGLE

Post by abuss368 » Thu Jan 16, 2020 1:08 pm

Absolutely an incredible post Taylor and thank you for preparing and sharing.

God Bless Mr. Bogle and his family.
John C. Bogle - Two Fund Portfolio: Total Stock & Total Bond. "Simplicity is the master key to financial success."

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Re: IN MEMORY OF JOHN C. BOGLE

Post by abuss368 » Thu Jan 16, 2020 3:06 pm

Bogleheads -

We lost our mentor and leader one year ago today. Please share in your thoughts and memories the impact Mr. Bogle had on you and your family.
John C. Bogle - Two Fund Portfolio: Total Stock & Total Bond. "Simplicity is the master key to financial success."

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Re: IN MEMORY OF JOHN C. BOGLE

Post by Vanguard Fan 1367 » Thu Jan 16, 2020 3:32 pm

I am grateful to a lecturer at a meeting who recommended reading Bogle’s books. My investment life has really improved since I did that.

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Re: IN MEMORY OF JOHN C. BOGLE

Post by Broken Man 1999 » Thu Jan 16, 2020 3:47 pm

All of Mr Bogle's are worthwhile reads.

My favorite book is Enough. It should be required reading for students in a business degree program of any sort.

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven than I shall not go. " -Mark Twain

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Re: IN MEMORY OF JOHN C. BOGLE

Post by Smith1776 » Thu Jan 16, 2020 3:55 pm

In addition to being an absolute legend, John Bogle was a phenomenal writer and speaker to boot!

This a great contribution. Thanks, Taylor!

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Re: IN MEMORY OF JOHN C. BOGLE

Post by beehivehave » Thu Jan 16, 2020 3:56 pm

Compared to all the other "advisors" in the "financial services" industry, the man was a saint.
Unparalleled integrity, honest to a fault and with great advice.
He gave half his salary to charity. As "father of indexed investing", his contribution to investors was unparalleled.
He is very sorely missed.

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Re: IN MEMORY OF JOHN C. BOGLE

Post by IHateCasinos » Thu Jan 16, 2020 4:03 pm

I just finished his "Memoir", Stay the course, which was given to us the the bogleheads convention(thanks!!). such a great, and reinforcing read!!
A whiskey toast to Mr John C Bogle!

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Re: IN MEMORY OF JOHN C. BOGLE

Post by PartIrish » Thu Jan 16, 2020 4:23 pm

Taylor, thank you for posting such a wonderful group of resources from Jack Bogle. This afternoon I will be sitting in on a university class taught by a financial advisor acquaintance who started his career as Jack Bogle's assistant in the late 1980s. This fellow held Jack in the highest esteem and learned a great deal from in in the two years they worked together. Over the semester ahead, I imagine that my friend will impart much of Mr. Bogle's wisdom to a class full of students who are learning about personal finance and investment. That Mr. Bogle's legacy and good works live on in the teachings of others is testament to his contribution to humanity.

One story from my friend: Apparently Jack Bogle was an avid squash player, but kept a defibrillator at the front corner of the squash court, and all of his squash players had to know how to use it. When the case was opened, a handwritten card was there on top which read "Here we go. Good luck, and thanks."

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Re: IN MEMORY OF JOHN C. BOGLE

Post by abuss368 » Thu Jan 16, 2020 4:29 pm

Broken Man 1999 wrote:
Thu Jan 16, 2020 3:47 pm
All of Mr Bogle's are worthwhile reads.

My favorite book is Enough. It should be required reading for students in a business degree program of any sort.

Broken Man 1999
Absolutely! My favorite book.
John C. Bogle - Two Fund Portfolio: Total Stock & Total Bond. "Simplicity is the master key to financial success."

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Re: IN MEMORY OF JOHN C. BOGLE

Post by fortfun » Thu Jan 16, 2020 4:31 pm

I owe most of my retirement savings to JB. It was an NPR interview, with him, that really got me serious about saving and finding hidden fees. Thanks JB!

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Re: IN MEMORY OF JOHN C. BOGLE

Post by Silence Dogood » Thu Jan 16, 2020 5:21 pm

Thank you for this post, Taylor.

Maybe we should create a Bogleheads book club (one book per month)!

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Re: IN MEMORY OF JOHN C. BOGLE

Post by oldzey » Thu Jan 16, 2020 6:35 pm

Taylor, thank you very much for posting Jack's "Investment Gems" about how to invest successfully.

Thank you, Jack!
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

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Re: IN MEMORY OF JOHN C. BOGLE

Post by AerialP » Thu Jan 16, 2020 6:42 pm

Beyond his institutional and inspirational impacts on my current ever-blossoming personal finance situation, I am grateful to have had the opportunity to meet him at a Bogleheads gathering.
Although it was a very brief dialogue at the book signing table, his genuine warmth and kindness were clearly evident.
Voice, eyes, and handshake all radiated such positive energy.

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Re: IN MEMORY OF JOHN C. BOGLE

Post by abuss368 » Thu Jan 16, 2020 7:02 pm

AerialP wrote:
Thu Jan 16, 2020 6:42 pm
Beyond his institutional and inspirational impacts on my current ever-blossoming personal finance situation, I am grateful to have had the opportunity to meet him at a Bogleheads gathering.
Although it was a very brief dialogue at the book signing table, his genuine warmth and kindness were clearly evident.
Voice, eyes, and handshake all radiated such positive energy.
I never had the honor to meet Mr. Bogle. I can only imagine how kind and a gentleman that he was.
John C. Bogle - Two Fund Portfolio: Total Stock & Total Bond. "Simplicity is the master key to financial success."

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Re: IN MEMORY OF JOHN C. BOGLE

Post by h82goslw » Thu Jan 16, 2020 8:13 pm

Rarely does a day go by that I don’t audibly and mentally thank Mr. Bogle, Mr. Larimore and this website for setting me on a life altering path. I’ll say it again, thank you.

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Re: IN MEMORY OF JOHN C. BOGLE

Post by index2max » Thu Jan 16, 2020 8:31 pm

I first saw and heard about Jack Bogle while watching him being interviewed on the PBS Frontline Documentary, The Retirement Gamble, where he explained the benefits of index funds while I was still in school. My parents both recognized him and told me who he was.

DIdn't understand much about index funds and that particular show spent more time complaining about Wall Street than offering common sense advice to investors. Once I started working, I immediately re-watched that documentary online so I could remember what Jack Bogle's name was and the investment company he founded.

Great guy! :sharebeer

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Re: IN MEMORY OF JOHN C. BOGLE

Post by Rowan Oak » Thu Jan 16, 2020 10:05 pm

Whatever the case proves to be, whatever the future may hold, the mutual fund industry
has changed, in part because I took the road less traveled—indeed, never traveled before—all
those years ago. What better way to close these remarks than with these words by Robert Frost?

“I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I—
I took the one less travelled by,
And that has made all the difference.”


The Road Less Traveled
An Essay by John C. Bogle
“If you can get good at destroying your own wrong ideas, that is a great gift.” – Charlie Munger

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Re: IN MEMORY OF JOHN C. BOGLE

Post by nedsaid » Thu Jan 16, 2020 10:12 pm

I never dreamed that I would be able to invest my money at Institutional rates. Thank you Mr. Bogle.
A fool and his money are good for business.

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Re: IN MEMORY OF JOHN C. BOGLE

Post by Triple digit golfer » Thu Jan 16, 2020 10:15 pm

I could listen to his calm, reassuring and confident voice and read his "gems" over and over. He was such an incredibly ethical, intelligent, and genuinely good man who made it his life's work to do the right thing and help millions of investors. He is perhaps at the very top of my short list of heroes.

Thank you, Mr. Bogle. A million times over, thank you.

And thank you, Taylor. You have helped me as much or more than anybody on this forum. That is no small task, considering that this is the very best investment and personal finance resource on the internet, with so many smart, helpful people.

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Re: IN MEMORY OF JOHN C. BOGLE

Post by abuss368 » Thu Jan 16, 2020 10:16 pm

Triple digit golfer wrote:
Thu Jan 16, 2020 10:15 pm
I could listen to his calm, reassuring and confident voice and read his "gems" over and over. He was such an incredibly ethical, intelligent, and genuinely good man who made it his life's work to do the right thing and help millions of investors. He is perhaps at the very top of my short list of heroes.

Thank you, Mr. Bogle. A million times over, thank you.

And thank you, Taylor. You have helped me as much or more than anybody on this forum. That is no small task, considering that this is the very best investment and personal finance resource on the internet, with so many smart, helpful people.
:sharebeer
John C. Bogle - Two Fund Portfolio: Total Stock & Total Bond. "Simplicity is the master key to financial success."

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Re: IN MEMORY OF JOHN C. BOGLE

Post by guyinlaw » Thu Jan 16, 2020 10:55 pm

Thank you Jack.

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Re: IN MEMORY OF JOHN C. BOGLE

Post by LittleGreenSoldiers » Thu Jan 16, 2020 11:51 pm

Thank you for sharing Taylor.

Hard to be live it has been a year.

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Re: IN MEMORY OF JOHN C. BOGLE

Post by Fallible » Thu Jan 16, 2020 11:58 pm

I posted this on another tribute thread before seeing Taylor's so decided to post it here, too, since it quotes from one of the books listed:

When Jack Bogle talked about a “fair shake” for the average investor, he was usually talking about low-cost indexing. But beyond the product he invented, where did his deep and abiding concern for that investor come from? An answer I’ve seen in the endless tributes to him from around the world (and not just after his death but throughout his lifetime), is his humanity, his compassion for fellow human beings.

I think this humanity is wonderfully expressed in a chapter in his book, Common Sense on Mutual Funds, when he discusses the founding of Vanguard: “If simplicity was to be the focus of our investment principles, human beings would be the focus of our management principles.” He refers to “human beingness” as “one of the keys to our development.”

He goes on to further describe this “mission,” and even if you’ve read it all before, it’s worth another read, as another tribute to a great human being.
Last edited by Fallible on Fri Jan 17, 2020 12:00 am, edited 1 time in total.
John Bogle on his often bumpy road to low-cost indexing: "When a door closes, if you look long enough and hard enough, if you're strong enough, you'll find a window that opens."

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Re: IN MEMORY OF JOHN C. BOGLE

Post by sedonashine » Thu Jan 16, 2020 11:59 pm

Gratitude to JB~ What he taught and demonstrated went so far beyond investing. He invested in all of US~ Thanks~

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Re: IN MEMORY OF JOHN C. BOGLE

Post by Cubicle » Fri Jan 17, 2020 1:15 am

Thank you Taylor.

Thank you John.

Thank you BogleHeads forum team for giving us an outlet.

I had some Vanguard tasks to do today, & out of nowhere it just crossed my mind that Jack planted the seeds for all of this. If it wasn't Jack, someone else would have done what John did, low cost index tracking fund. But would they have been as good to the "common investor" that John was?

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Re: IN MEMORY OF JOHN C. BOGLE

Post by edgeagg » Fri Jan 17, 2020 10:18 am

The term "American hero" has been cheapened these days, BUT John Bogle is one in the traditional sense of the term. His moral attitude towards improving the fiscal life of his fellow Americans comes through clearly in his actions and writing. To preserve his memory, I believe that we Bogleheads have a part to carry his legacy forward and the journey is not done. Taylor stands as a good example of someone who is preserving and extending John Bogle's legacy.

I hope we Bogleheads have a part to play, as John did in helping the next generation of Americans make the same journey to fiscal responsibility that we did.

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Re: IN MEMORY OF JOHN C. BOGLE

Post by nmdar » Sat Jan 18, 2020 11:12 am

New to the forum and investing. I am now an avid follower of this forum. I had always been extremely risk averse and uncertain about any stock or bond investing. The ONE book that completely changed how I thought was 'The Bogleheads guide to investing' by Taylor Larimore et al. It made perfect sense and was the most logical guide to investing I have ever come across. The long term approach to investing using low cost index funds and the 'DO NOT TRY TO TIME THE MARKET' strategy is the best fit for me.
Many thanks to Mr Larimore and of course Jack Bogle for helping guide people like me in the right direction!

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Re: IN MEMORY OF JOHN C. BOGLE

Post by jef » Sat Jan 18, 2020 9:25 pm

Thank you Taylor

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Re: IN MEMORY OF JOHN C. BOGLE

Post by Crushtheturtle » Sat Jan 18, 2020 11:39 pm

Thank you Sir.
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