John Clifton "Jack" Bogle is an American investor and philanthropist. He is the founder and retired chief executive of The Vanguard Group.
Vanguard is now one of the world’s largest fund managers and looks after about $4trillion of investments on behalf of clients.
What's interesting, is that Vanguard is a mutual. That means no shareholders. All profits go back to investors. It’s a good model. I like it.
Jack has just written an essay in the Financial Analysts Journal in which he condenses what he’s learned from 65 years in the investment industry.
It’s pitched at financial nerds, and if that’s you, it's compulsory reading.
If that’s not you, he still includes a seven-point plan for the average investor…. these are 7 gems from one of the investment greats.
For regular readers of this blog, you will have heard all this before. Yet, there are still so many people out there who don’t have the basics in place.
If you know anyone who’d benefit from Bogle’s wisdom, please share these tips with them.
Take it away Jack.
“Most of my books, essays, and speeches have focused on what I believe are the best interests of investors—the human beings whom we are all doing our best to serve. Perhaps this sampling of advice that I have offered over the years may be useful to other investment professionals.
The entire article can be found here: Balancing Professional Values and Business Values
Bogle's 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor became a bestseller and is considered a classic within the investment community.
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