John C. Bogle
Founder of The Vanguard Group, credited with popularizing the low-cost index fund.
Chronology: 1929-05-08 – 2019-01-16
Origins & Early Life
John Clifton "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate and philanthropist who was the founder of The Vanguard Group and is credited with popularizing the index fund. An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible. An ideal investment vehicle for Bogle was a low-cost index fund representing the entire US market, held over a lifetime with dividends reinvested. His 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor became a bestseller and is considered a classic within the investment community.
Pivotal Works & Achievements
== Early life and education == John Bogle was born on May 8, 1929, in Montclair, New Jersey, to William Yates Bogle, Jr. and Josephine Lorraine Hipkins. He was the great grandson of Philander Banister Armstrong, who Bogle referred to as his "spiritual progenitor". Armstrong was the founder and president of the Phoenix Mutual Fire Insurance Company and is noted for his attempt to reform the fire and life insurance industries. His Scottish-American family was harmed by the Great Depression.
Enduring Legacy & Impact
They...
Source: Wikipedia