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John C. Bogle (1929-2019) was an American investor, business magnate, and philanthropist. He founded The Vanguard Group and popularized the index fund, a low-cost investment vehicle that tracks the entire stock market.
- Early Life and Education
- Notable Accomplishments
- The Bottom Line
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John Bogle was born on May 8, 1929, in Montclair, New Jersey. He attended Blair Academy which was paid for by his uncle, as his family had lost most of their wealth in the 1929 stock market crash. John Bogle attended Princeton University where he studied economics. In his early career, he joined Wellington Management in 1951 and attempted to persua...
Vanguard
With Vanguard, Bogle employed a novel ownership structure in which the shareholdersof mutual funds became part owners of the funds in which they invested. The funds themselves own the investment firm, making the fund investors indirect owners of the firm itself. This structure allows the firm to incorporate any profits into its operating structure, reducing investment costs for fund investors. In 1976, Bogle introduced the Vanguard 500 fund, which tracks the returns of the S&P 500 and marked...
Legacy
John Bogle contributed significantly to the popularity of index investing, in which a fund maintains a mix of investments that track a major market index. Bogle’s philosophy that average investors would find it difficult or impossible to beat the market over time led him to prioritize ways to reduce expenses associated with investing in mutual funds. For example, Bogle focused on no-load funds featuring low turnoverand simple investment strategies. The philosophy behind passive investing gene...
John Bogle is a titan in the history of investment management by starting the Vanguard Group, one of the largest investment management firms in the world. Through Vanguard he popularized passive investing, making it easier for average investors to invest their capital and generate returns with low risks.
Learn about John Bogle, the investor and founder of the Vanguard Group, who created index investing and low-cost mutual funds. Find out his biography, achievements, legacy, and net worth.
John Clifton Bogle, who introduced the first index mutual fund for investors and drove down costs across the industry, passed away in 2019 at age 89. He was a visionary leader who coined the term "The Vanguard Experiment" and championed the interests of individual investors.
Jan 16, 2019 · John C. Bogle, who founded the Vanguard Group of Investment Companies in 1974 and built it into a giant mutual fund company, with $4.9 trillion in assets under management today, died on Wednesday...
Jan 16, 2019 · John C. Bogle, the founder of the Vanguard Group, in 2014. Mr. Bogle, who died on Wednesday, reduced fund fees so the money went to the people who need it, he said.
Jan 16, 2019 · John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founding Vanguard Group, died Wednesday, the company said. He was 89.
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Jan 16, 2019 · John Bogle, who created the first index fund in 1975 and founded The Vanguard Group, died Wednesday at the age of 89.
