Mr. John Bogle
Author, Founder of the Vanguard Group
John Bogle is the Founder and retired CEO of the Vanguard Group of Mutual Funds; 2nd largest mutual fund company in the world.
Education: Princeton University, BA
Awards and Honors:
- Named one of the "world's 100 most powerful and influential people" by Time magazine in 2004.
- Winner "Institutional Investor's Lifetime Achievement Award" in 2004.
- Named one of the investment industry's four "Giants of the 20th Century" by Fortune magazine in 1999.
- "Woodward Wilson Award" from Princeton University for "distinguished achievement in the Nation's service" in 1999
- Board member of the Millstein Center for Corporate Governance and Performance at Yale School of Management.
- Honorary Doctor of Laws degree Princeton University in 2005.
Notable:
Bogle is famous for his insistence, in numerous media appearances and in writing, on the superiority of index funds over traditional actively-managed mutual funds. He believes that it is folly to attempt to pick actively managed mutual funds and expect their performance to beat a well run index fund over a long period of time.
Bogle argues for an approach to investing defined by simplicity and common sense. Below are his eight basic rules for investors:
- Select low-cost funds
- Consider carefully the added costs of advice
- Do not overrate past fund performance
- Beware of stars (as in, star mutual fund managers)
- Beware of asset size
- Don't own too many funds
- Buy your fund portfolio — and hold it
Further Reading:
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
Bogle on Mutual Funds: New Perspectives for the Intelligent Investor
Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
John Bogle on Investing: The First 50 Years
Character Counts: The Creation and Building of the Vanguard Group
The Battle for the Soul of Capitalism
