John Clifton “Jack” Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist.
He was the founder and chief executive of The Vanguard Group, and he is credited with creating the first index fund.
By creating a client-owned company—or as he himself liked to say, “the only mutual fund company,” Jack Bogle put billions of dollars back into the pockets of investors.
And he influenced the entire mutual fund industry in a positive manner. Without Vanguard, costs would be higher for investors across the mutual fund industry.
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.
The ideal investment vehicle for Bogle was a low-cost index fund held over a period of a lifetime with dividends reinvested and purchased with dollar cost averaging.
In this video, he gave his essential advice for any investor.
Source: Finance Jane
