facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause
%POST_TITLE% Thumbnail

RIP John Bogle

Today, we  want to take a moment to step away from the daily turmoil, and honor the life of one giant man. 

On January 16th, Vanguard founder John “Jack” Bogle, passed away at age 89 in his Bryn Mawr home. 

Search the Internet for “Bogle” or browse any news source, and you’ll soon be immersed in a universal outpouring of respect for the man. Rightfully so. His lifetime of unblinking commitment to busting open the doors of Wall Street and tearing down its shibboleths is unmatched by anyone else we know. 

Reducing costs, avoiding hyperactive trades, insisting on fiduciary, transparent financial care … These may seem obvious today. But it was in large part Bogle who conceived them all, and at times, was ridiculed for doing so. He did not care; he spoke up anyway, every chance he got. 

This excerpt from The Philadelphia Inquirer, Bogle’s home-town paper, epitomizes our feelings: 

“Jack could have been a multibillionaire on a par with Gates and Buffett,” said William Bernstein, an Oregon investment manager and author of 12 books on finance and economic history. Instead, he turned his company into one owned by its mutual funds, and in turn their investors, “that exists to provide its customers the lowest price. He basically chose to forgo an enormous fortune to do something right for millions of people. I don’t know any other story like it in American business history.”

Bogle truly democratized investing for Americans, allowing people to access to the stock market at a low entry point and at a low fee.  He was a true advocate for investors and passionately believed in a buy and hold philosophy, owning the market, and that patience was rewarded... principals that guide our investment beliefs today.   Read more about him here:   Bogle on Vanguard's website. 

Rest in Peace Mr. Bogle