Vanguard Founder Jack Bogle's '90s Interview Shows His Investing Philosophy
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- Опубліковано 16 січ 2019
- Vanguard founder Jack Bogle was famous for making investing accessible to the everyday person through index funds - funds that match a market barometer like the S&P 500. His message was simple: why waste money on expensive fees and commissions for complex funds when market barometers often outperform them? That message remained remarkably consistent throughout his career.
Jack Bogle needed hefty amounts of brainpower and market know-how to put together the first index fund. But for investors wanting to cash in on his idea, it's become pretty easy.
In 1975, the founder of Vanguard Group, who died Wednesday, was able to turn a long-held belief into reality, namely that it was far more profitable to follow the market than fight it. Most mutual fund managers who picked stocks couldn't keep up with basic benchmarks like the S&P 500, much less beat them, he found.
So he turned his thoughts into action, putting together the first fund that simply followed the S&P 500, minus a small management cost that was much cheaper than the active funds of the day.
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Vanguard Founder Jack Bogle's 90s Interview Shows His Investing Philosophy
How has Jack Bogle influenced your thoughts on investing?
I have been indexing for 20 plus years. Jack has given me the freedom to live life and not worry about my investments. I have been in the Vanguard Balanced Index Fund which is a perfect conservative middle of the road investment for an investor like myself and it has done wonderfully and I don't even look at the daily gyrations of the market. Thank you Jack for making my life less stressful and helping me fulfill my dreams. You are a real champion for the little guy. Truth be told, my little balanced fund is not so little any longer at over $700KI! Not bad for someone who never made more than 65K a year. Thank you St. Jack!
I heard he died. RIP!!
Indexing the last 4 years
Legend
Rip from Cyprus
Jack Bogle was an inspiration to me as a financial advisor. His words opened my mind about the beauty of passive investing. He explains things thoroughly & with clarity. He was also admirable in his character. A man who emphasize putting the interest of the client first & foremost. R.I.P. Mr. Jack Bogle.
I am reading his book "Common sense on Mutual Funds" when the news came through. He is still alive for me and millions of others.
This man was such a benefit to me and my family. He taught me the importance of profit margins. I decided to make a career change and moved into drug trafficking.
Bruuh lol
Had us in the first half ngl
Lmao
😂🤦♀️🙃
Best of luck in your pharmacy career.
RIP to a true hero of the index investor
🙏🏼
My teacher talked about this man in my Econ class, glad I decided to look into him more. He was a true hero to the public.
@meaturama You're right, saint is more appropriate.
Vanguard manages 4 to 5 trillion dollars.... TRILLION with a T.
He decided that it was better for him to make his clients money rather than himself.
Jack was a rare breed....... quite possibly the likes of which, we'll never see again.
@meaturama explain yourself then. Can you?
@@brutonano9521 don't feed the troll
His voice is youngest ever timeless
The man that revolutionized the investment industry. Thank you Mr. John Bogle for all you’ve done for the average Joe investor !
Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌
Well said! I am also here to learn how to invest after listening to a lady on tv talk about the importance of investing and how she made 7 figures in 3 months, somehow the video taught me nothing and left me even more confused, I'm a newbie and I'm open to ideas on how to invest for retirement
@@ElizabethSarah-cl3sc Investment now will be wise but the truth is investing on your own will be high risk. I think it will be best to get a professional👌
@@user-zw7cd7pe4u Thank you, Going through her profile on her webpage out of curiosity, and surprisingly she seems proficient. I appreciate this.
@@ElizabethSarah-cl3sc KRISTIN GAIL CUNNINGHAM is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyanc
Great man who could have made a fortune on the backs of his investors like the Johnson family at Fidelity. He chose to make his investors owners in his company and share the wealth.
This is true once I investigated enough about him and his company. Investigated......
That's why he is loved by the retail investors of whole world .
The upstanding man in the world of wolves
🙏🏼
whats funny/sad is that the sheep dont listen to sound advice. They a most likely to go to the wolfs, because the wolfs tell them what they want to hear. That they 1: can time the market 2: that they can get rich quic 3: that living the lifestyle of mass consumption is going to make the lifes they live perfect.4: that they can get it FAST.
And human nature never change. We are all suceptible to greed, fear, panic, delusion, envy, hate, ignorance, entitelment. And the mirage of the " wall street" lifestyle gets most people like a drug!
I'm among the millions whose lives Bogle has changed for the better. You are sorely MISSED!
One of the best things i ever heard Mr. Bogle say was. Why try and pick the needle in the haystack with a single stock. When you can just buy the haystack with the total stock market index fund.
Why not do both? Put 80% in index and 20% in speculative like crypto.
True but if you know how to pick the needle then you can get filthy rich
@@justwrapapi Well explain to us all what needle you have since you are smarter then John Bogle,Warren Buffett and Benjamin Graham since they all recommend that strategy. Here is where you go silent and never respond.
@@TheNORegretShow well warren recommends that strategy for 99% of people because they dont know how to value businesses(nothing wrong with that at all) . But if you do know how to value businesses it would be insane to buy an index as you can find better (undervalued) opportunities picking individual stocks.
For example recently I came across SandRidge energy which had a market cap of 60m or $1.8 per share.It had roughly 85m barrels of oil equivalents which meant one barrel was valued at $0.7 (for reference Exxon recently acquired an E&P for $5 per barrel). It had 70m in debt which was no problem as it was selling its hq building for 35m to paydown and they had a carl icahn credit facility at very low interest rates and on favorable terms of 30m or so. This was at a time when oil was at $35-40 and ng was at like $2. Back in 2018 Carl icahn bought roughly 15% for avg per share of $11. It then got a buyout offer for $13 per share but Icahn blocked it(This was at a time when oil was in the $50s and ng was $2.5). I think now the shares are worth roughly $9. I bought for avg of $2.5 per share. We'll see how it plays out
You can read more about these mispriced opportunities at valueinvestorsclub.com . Thats where I found this company.They've got a nice community of really talented securities analysts
@@justwrapapi When you read the Intelligent investor by Benjamin Graham then talk to me. I didn't even that long comment you wrote so......
OMG! this man was born in 1929, so he was in his 60s in this video, and look how sharp and well spoken he is!
Blew me away also. Even here at 86 yrs old.. ua-cam.com/video/zrCo0m5gSfc/v-deo.html
Believe it or not he spoke the same way when he was in his 80's too.
I mean he’s was 60 that’s a lot of time to improve speech
60s isn’t that old...
That’s the thing that blew me away at first. I saw his picture in a thumbnail and expected him to talk rather slow. Heck no. He was sharp! Reminds me of buffet and especially Charlie munger. They all talk really sharp for their age.
I'm sure Jack is preaching index funds in heaven! All the angels are going to be rich!
😂
hahaha
I never comment on any videos.This is my first one. Thank you CNBC for putting this video, this man has truly inspired millions like me. If you notice what was said by Jack in 1990s is what he said in 2018 is all same (low cost, indexing and hold for long term). It holds true even after 20+ years. We all pray for Jack Bogle soul and eternal peace.
@meaturama what do you know about a soul? Can you explain?
Legendary investor and thinker. May Jack Bogle rest in peace. His ideas on investing and wealth building will remain immortal.
Yes
I didn't know he had passed away, he really did give all investor's a "fare Shake", well done Jack, a life well served, God bless x.
Jack knew this business better than anyone. A lot of people were able to have a comfortable retirement because of him. He could have made billions of dollars for himself and kept it all, but he was content with what he was doing and his generosity and desire to educate will be remembered by many.
Jack looks old af forever but his voice is his mind have been sharp at any age!
Dont curse! Have respect.
He's only 23 in this video. lol
Rest in peace Mr. Bogle. Thanks for the wisdom advice.
From listening to,and reading books written by guys like him, Dave Ramsey, and Bob Brinker; I retired COMFORTABLY, in my early 50s; from a truck-driver's salary. If I could do it, ANYBODY can! Just read his books, follow the advice. God Bless Mr. Bogle, and our fabulous U.S.A, where TRULY, anyone can succeed!
I loved Bogle's book The Little Book of Common Sense Investing. I wish I could have met him.
Those funds are huge today. He seemed to be a very sympathetic man. It is true what he said. I know from my own experience. R.I.P. Jack Bogle.
GOD Bless you Jack!
An Honest, & thoughtful Man that surely has the greatest of returns now.
Saint Jack will never be forgotten
The greats of all time keep a consistent strategy because they often rely on investor psychology. Our society advances but everyone feels the same emotions.
Sir I watched your documentary I was fascinated. You are special. You are so wise. You are intelligent. You make the world a better place. You inspire me. Thank you :)
love the voice.
He sounds like on of the characters from the Simpsons. He stood firm to his POV till the end. Well done.
Thank you, Jack. Without you I would still be that 18 year old kid wondering wtf to invest in. ♥️
No idea who this guy is but every comment is thanking him. Sure speaks alot
Hero!!
What a legend. It is great to watch these older videos... concepts are same... approach should be consistent.
Very enlightening, very brilliant, a man of true and great wisdom
I was lucky to learn about Bogle in the first year or so of my working life - 1993...indexing made.great sense and that's what makes up my 401s - left it pretty much on auto-pilot for 30 years ("pretty much" - except for when my employer made changes to our options that required me to adjust - and i always kept to the indexing options).
Bogle was an inspiration then and now - thank you for putting this up.
RIP.. I have learned a lot from this man.
He maybe the single most important aspect for fees coming down for the regular joe
RIP Jack! Thanks for your contributions!
Bogle was a genius and an unsung hero for the working & middle class. Thanks Jack
And, this is exactly why I subscribed to this channel.
I have known about Jack Bogle for many years. I've always been mostly invested in managed funds but I did take Jack's advice and made sure the funds I chose had expense rations that were less than 70 basis points. I do like index funds though and I use them in my IRA's. Even though I never met the man I was really saddened to hear about Mr. Bogle's passing. He was a giant in the industry and a tireless advocate for ordinary American's who need to build wealth for retirement. We need more people like him in the mutual fund industry!
RIP Jack 🙏
🙏🏼
🙏🏼
I wish a had a voice like his.
Investing prospects of a minimal sum of money can be both exhilarating and baseless. With the right approach, there’s a potential for significant wealth growth, Judging by this i'm still in search for suggestions as to a way to improve my retirement portfolio of $580k
Every strategy carries its own set of pros and cons and picking the right one depends on your specific financial goals, but in order to execute such effective decisions, you must be a professional.
Correct. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that following year. In reality, all I was doing was getting professional advice
I have been considering going the same route, could you share more info please on the advisor that guides you.
my job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary “Alicia Estela Cabouli” actively restructuring my portfolio for the past 3 years now to match the present market condition and that’s how I’ve been able to stay afloat
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate it
Imagine giving up untold riches so that you can generate untold riches for millions of others. What an amazing person.
What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds
Pls who is this coach that guides you? I’m in dire need of one
My consultant is Nicole Desiree Simon She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
RIP Jack.
Glad to have known about you. You have been a true hero.
Thank you jack!
The legend! I am sorry I didn't listen to your advise 20 years ago. My net worth would be 4X by today if I did...
The is one of the only men who never took control and lined his pockets. pure admiration... His views were simply pointed towards the investor.
Great Man!! Vanguard is the way!!
It's a shame people didn't start to pay attention to him untill is later years. Like...this is the earliest video of him I can find on UA-cam.
Index Funds have made investing much more attractive, and this has greatly benefited average people. Plenty of people lifted out of poverty as well. Hats off to this hero
GREAT VIDEO❤
He was one of a kind.
The way he imitates interviewer’s way of saying ‘stock picker, Cool guy
Thank you Jack. You will be missed.
He changed the investing game！
Surprised that Bill & Tyler have been around for so long!!
Wow, this was Jack Bogle in 1975!!! Sharp as a tack even up to his passing in Jan 2019. He is still a blessing to me and many others, looking to grow their wealth.
This is the 90s.
90%+ of my asset is in a Vxx fund and I'm happy that this man is in charge
RIP Jack , you were a true America treasure, thanks for saving the regular investor billions in fees and for steering me to a happy retirement, by managing my funds for decades. You were a class act, God speed.
We've watched every video he's on!! #respect -Milo
Amazing!😇
*Good* *listen* 👌
Jack is the man--period. Wonderful guy.
Smart man! I think he did us all a great service.
Jack Bogle forfeited being a billionaire to make others millionaires .
My hero and a champion of integrity.
Thankyou had vanguard S&p 500 since 2001 took his advice buy and don't look until you retire I still haven't looked but I got some idea .
0:04 The index steers a steady course
1:07 There will be times when small-cap and mid-cap funds do better than a large-cap
1:48 The index fund has traditionally carried 20% less risk than the average fund
2:13 The index steers a steady course
2:33 Index funds own all stocks
3:21 Mutual funds (except for index funds) are tax inefficient
4:07 Some 9,000 (mutual funds in existence at time of recording)
4:29 You (as a mutual fund company) need a number of (different) index funds because investors are becoming more specialized
4:36 My preferred index fund is the total stock market which includes large, medium, and small stocks (not just the S&P 500)
A true American hero, you are sorely missed. RIP.
Goddamm legend! RIP.
St. Jack... RIP my friend, my Boss!
RIp Legend
He was just so exceptional
Wow, I didn't realize he died... Every time Bogle said to expect lower returns in the coming years of the stock market, there was almost always a recession within a few years. He was a good recession indicator for me. Really listen to when the old guys speak who have been dealing with bonds and stocks for 50-60 years - they tend to know what's coming to the economy.
I miss this guy.
Words of wisdom...
A great man with an extraordinary vision and passion. But was he ever young !?
CNBC can learn from Bogle....spending every day talking about what the stock market has done brings no value. Over time it will go up and nobody knows what it will do short time...even the so-called CNBC experts. Buy a broad index with money you don't need short term and don't look for 10 years. You will experience the miracle of compounding
Brilliant individual
You've got to love St. Bogle
Great congratulations
Legend status
Huge contribution to the investment community, rip Jack.
Vanguard rulez!
Rip Jack 🙏
Rip jack we miss you allways
Top man.
HERO!
Becomes a great investor and hero to the people
*stonks*
Dies at 89
*not stonks*
God bless John C. Bogle 🙏🏼
Great index funds! Thx Jack, RIP
He speaks clearly and intelligibly.
Facts and he’s the same at newer interviews as well. Damn I’m a former real Vanguardian!
The philosophical implications behind the inability of actively managed funds to obtain same performance of the market is something fascinating. He grasped this aspect of realty, admitted than he's not better than any other human in guessing about the market and created an industry out of admitting he's a man like many others. It's like when Socrates compare himself to the experts and said "he thinks he knows but he doesn't know much and i don't know, but at least I know that I don't know and for this reason I'm better than him as we both don't know but at least I know that i don't know"
The way index funds are so popular now for individuals who arent as okl with risk, we forget how they weren’t as popular and mr bogle basically had to go through negativity for years. I personally thank you for creating this, because mutual funds are way too much and in the long term wld eat ur retirement up.
Hero.
True American hero
thats wisdom.
Great Wisdom, RIP TO THE TRUE LEGEND.
legend
True words
I was sleepy, then I heard Jack Bogle speak
Very youthful voice.
Mucho Flava Papi
Dame Mas...