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John Bogle

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.

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]
Get fifty years of industry-defining expertise in a single volume John Bogle on Investing is a compilation of the best speeches ever delivered by one of the 20th century's towering financial giants. Individually, each of these speeches delivers a powerful lesson in investing; …

Black Monday and black swansBlack Monday and black swans
www.tandfonline.com [PDF]
Get fifty years of industry-defining expertise in a single volume John Bogle on Investing is a compilation of the best speeches ever delivered by one of the 20th century's towering financial giants. Individually, each of these speeches delivers a powerful lesson in investing; …

A question so important that it should be hard to think about anything elseA question so important that it should be hard to think about anything else
jpm.pm-research.com [PDF]
Get fifty years of industry-defining expertise in a single volume John Bogle on Investing is a compilation of the best speeches ever delivered by one of the 20th century's towering financial giants. Individually, each of these speeches delivers a powerful lesson in investing; …

The index mutual fund: 40 years of growth, change, and challengeThe index mutual fund: 40 years of growth, change, and challenge
www.tandfonline.com [PDF]
Get fifty years of industry-defining expertise in a single volume John Bogle on Investing is a compilation of the best speeches ever delivered by one of the 20th century's towering financial giants. Individually, each of these speeches delivers a powerful lesson in investing; …


Q&A About John Bogle


Why is he considered the Godfather of Index investing?

He believed 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.

How much does his flagship Vanguard 5 Fund carry annually?

Less than .5 of assets annually.

What was his flagship Vanguard 5 Fund?

It became the world's largest mutual fund by assets in 22.

What did John Bogle do?

He was the first person to offer an index fund to retail customers.

Why has it outperformed most mutual funds over 25 years?

Because it carries a total expense ratio less than .5 of assets annually, and has outperformed most mutual funds over 25 years.

Who is John Bogle?

The founder of The Vanguard Group, and a major figure in the index investing community.