The Bettr Blog

A massive thank you Jack Bogle!

Nov 14, 2019 | Vanguard

[vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column][vc_column_text]You may have already read that the founder of Vanguard John (Jack) Bogle died earlier this year at the age of 89. Who you may ask… but Bogle was probably one of the most significant pioneers in the history of modern-day finance.

Back in 1974, he formed Vanguard and introduced the first low cost index fund to the world. Today, Vanguard is the second largest fund management group in the world managing over $5 trillion of assets.

Unlike most fund managers, Bogle structured Vanguard so it was owned by its customers, and not by shareholders, meaning that its success and efficiency could be passed on as cost savings to its consumers… you and I.

In 2005, Paul Samuelson – the Nobel prize winning economist – said that Bogle’s creation of the index fund was equal in importance to the invention of the wheel. Some praise indeed!

Below find a tribute from Dimensional’s founder David Booth to the impact Bogle has made on people’s lives.[/vc_column_text][/vc_column][/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column][vc_empty_space][/vc_column][/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column][vc_column_text]

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