Definition
John Clifton “Jack” Bogle is an American investor, business magnate, and philanthropist. He is the founder and retired chief executive of The Vanguard Group.
John Bogle
What is ‘John Bogle’
The founder of The Vanguard Group, and a major figure in the index investing community. John Bogle was the first person to offer an index fund to retail customers. Bogle’s flagship Vanguard 500 Fund became the world’s largest mutual fund by assets in 2002.
Explaining ‘John Bogle’
John Bogle is considered the Godfather of Index investing, believing that the average investor cannot “beat the market” over time, and shouldn’t pay (or at least overpay) for anyone else to try. His Vanguard funds are renowned for their ultra-low expense ratios, and for having no loads. The Vanguard 500 Fund carries a total expense ratio of less than 0.5% of assets annually, and has outperformed the majority of mutual funds over the past 25 years.
Further Reading
- The arithmetic of “all-in” investment expenses – www.tandfonline.com [PDF]
- Black Monday and black swans – www.tandfonline.com [PDF]
- A question so important that it should be hard to think about anything else – jpm.pm-research.com [PDF]
- The index mutual fund: 40 years of growth, change, and challenge – www.tandfonline.com [PDF]
