Time Value of Money
Kinds of Interest Rates
Future Value of an Uneven Cash flow
Security Market Line
Cost of Capital
The Balance Sheet
Hall of Fame
John Bogle was born in Montclair, New Jersey, in 1929. He graduated magna cum laude from Princeton University in 1951 with a degree in economics. During his university days he studied mutual funds. This culminated with his economics thesis during his senior year. From 1951 to 1974 he worked for Wellington Management, where he learned the investment management business. In 1974, he founded Vanguard. He became Vanguard's CEO and chairman. Bogle created the first index fund the Vanguard 500 in 1976
Jack Bogle believed in capturing market returns by investing in index mutual funds that are passively managed, and have low-cost, low-turnover and no-loads. He believed that individual investors should embrace simplicity when investing. He once said, "When reward is at its pinnacle, risk is near at hand." He advocated minimizing investment costs and expenses, taking a long-term investment view, relying on rational analysis, and avoiding emotions when choosing investments. He believed index investing was an appropriate strategy for individual investors. He once said, "If you have trouble imaging a 20% loss in the stock market, you shouldn't be in stocks."
The Vanguard group went on to become one of the world's largest mutual fund sponsors. John Bogle retired from an active role in the company in 1999. He is remembered for pioneering the no-load mutual fund.
His publications include:
Publications about him include:
About the author
Copyright © 1997 - 2009 by Mark McCracken , All Rights Reserved