👤 Biography: John C. Bogle – The Vanguard of Passive Investing
Born: May 8, 1929, Montclair, New Jersey, USA
Died: January 16, 2019, Bryn Mawr, Pennsylvania, USAInvestopedia+1Wikipédia+1Wikipédia+1Investopedia+1
Education: B.A. in Economics, Princeton University (1951)
🏛️ Early Life and Education
John Clifton Bogle, affectionately known as “Jack,” experienced financial hardship during the Great Depression, which influenced his views on investment and risk. At Princeton, his senior thesis on mutual funds laid the groundwork for his future endeavors in the investment industry. Investopedia+2Wikipédia+2Investopedia+2
🚀 Career Milestones
⦁ Wellington Management Company: Bogle began his career here, eventually rising to the position of chairman before a controversial merger led to his departure.⦁ Investopedia
⦁ Founding Vanguard Group (1974): In response to his experiences, Bogle established Vanguard, introducing a unique mutual ownership structure where the fund shareholders are the owners of the company, aligning interests and reducing costs.⦁ Investopedia+1barrons.com+1
⦁ Launching the First Index Fund (1976): Bogle pioneered the first index mutual fund available to individual investors, emphasizing low costs and broad market exposure.
📚 Literary Contributions
Bogle was a prolific writer, authoring several influential books that advocate for investor rights and education, including:
⦁ Common Sense on Mutual Funds (1999)
⦁ The Battle for the Soul of Capitalism (2005)
⦁ Enough: True Measures of Money, Business, and Life (2008)
⦁ Stay the Course: The Story of Vanguard and the Index Revolution (2018)
🌟 Legacy
John Bogle’s commitment to investor advocacy and his innovations in fund management have left an indelible mark on the financial industry. His principles of low-cost, long-term, and passive investing continue to guide countless investors worldwide. The “Bogleheads” community, named in his honor, perpetuates his philosophy, emphasizing financial literacy and prudent investment practices. Wikipédia
