Free Republic

A short interview with Jack Bogle (the father of the low cost index fund) who gives his thoughts on where markets may be going. Appx 6 minute.

The Republican Party’s tax reform proposal is a “moral abomination,” retired founder of investment management firm The Vanguard Group John C. Bogle said Tuesday, the same day the Senate Budget Committee voted to advance the bill. The proposal, which House Speaker Paul Ryan (R-Wis.) vowed would slash the corporate tax rate from 35 percent to 20 percent, is also an “experiential abomination,” Bogle said at the Council on Foreign Relations.

But in Philadelphia, where he has lived since 1945, and where he built one of the region's largest, most successful businesses (Vanguard has 12,000 employees and oversees nearly $1.2 trillion in assets), and where he helped foster the National Constitution Center, serving as its chairman for nearly eight years, Bogle is less known than, say, Bill Giles of the Phillies or Brian Roberts of Comcast. No doubt many Philadelphians would be surprised to learn that in 1999 Fortune magazine named Bogle one of the investment industry's four giants of the 20th century, and that in 2004 Time magazine included him...

'First of All, I'm an Honest Guy' Jack Bogle's advice: Buy the market. Hold for the long term. Keep costs low. Jack Bogle, founder of Vanguard, has earned his fame as the man who taught the small investor how to make the stock market work for him. He'll also be remembered as the guy who left $20 billion on the table. The story has been told of how, as the young president of Wellington Management Co., he lost a power struggle and was relegated to running the back end of one of the early mutual fund companies. It was ordained...