Jack Bogle, Founder of The Vanguard Group | A Motley Fool Special Interview
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- čas přidán 18. 11. 2013
- Jack Bogle, founder of the world’s largest mutual fund, shares his thoughts on investing.
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I have watched this over and over again...... This and almost every interview of Jack Bogle
Thank you for making index funds accessible for us private investors, Jack! I hope, Vanguard will stay on your path after you left the world behind. Rest in peace.
Saint Jack is the only person in the financial world whom I trust 100%
May live long and prosper in good health !!!!
Jay John He has devoted much of his life to helping the average guy or the new investor. He earned that trust and more.
Warren shares the exact same views
@@jackarf1 .
Never trust blindly. That is when you get ripped off. But, Vanguard is the best place to trust so with eyes open it seems safer to keep a large percentage of your funds here.
Jack Bogle is a living legend. Thank you Mr. Bogle for teaching me how to invest.
Do you invest in etfs or bonds ?
Little Book of Common Sense Investing! It changed my financial future.
Thanks for sharing your thoughts💟
Investing in crypto is the best lucrative way of making money. Buy the dip before it goes to the moon in other to make huge profits
W'h,a'$,a'p
*1*...*3*...*2*...*0*...*3*...*1*....*8*...*7*...*2*....*0*...*6*🚀
Thank you for everything Jack Bogle! RIP
Life goals. Talking to my grandchildren like this in 50 years. Bogle is the financial grandpa we all need.
I have been following Jack's advice for 20 years now and I'm not sorry I did. Thank you Jack, you are truly a champion for the little guy.
You have commented on all his videos.
The Man. The Voice. The Vanguard. The Legend.
A little dramatic but sure
That man and his fund have made my retirement a lot better than it would have been.
I’m really pleased to listen to a man who has great wisdom and common sense, if I didn’t know any better I would think this is a Christian man who knows and obeys the commandments...God Bless you Sir...
I could listen to Mr Bogle for hours. He talks the most sense of anyone in the financial world. A genius & genuinely nice guy.
A humble and absolutely beautiful human. I'm proud to own the products he pioneered.
Jack Boyle is such a tremendous inspiration and above all a beautiful human being! 🙏
This man has improved the lives of millions of people and established Vanguard as the gold-standard for passive-management investing. His brilliance is only superseded by his humility..
holy shit this guy's voice is totally the opposite of what I thought it was. He looks like he would have a normal, old man's voice, but damn hahaha deep ass voice!
Seriously. He's got a deep ass voice. Very unexpected
He is also has a sharp mind like a young man. He is an intellect and seems to be at the top of his game. His book Common Sense on Mutual Funds changed my life and made me wealthy. There are no shortcuts to wealth but if you follow Jack's advice, over your lifetime you will become a millionaire.
stephen geraci
what are some of the biggest insights you gained from the book? I need some help and was thinking of investing my ira money in vanguard index funds.
hokey dokey the biggest insight is that investing is best if kept simple. There are no shortcuts, but if you consistently put your money in the total stock market index or the Vanguard 500 Index and hold some in the Vanguard Total Bond Market Index and just ignore all the short term noise on CNBC and other shows over the long term you will do better then all the so called sophisticated hedge funds and money managers. The main thing is stick with a company that has the lowest cost index funds and right now Vanguard is the leader in that category. It's a boring way to invest, but it is the most effective. John Bogle and Warren Buffett both agree that this is the best way to go for most people. Warren Buffett is the best investor this world has ever know, so taking his advice is the way to go. Once you have your asset allocation in place, Stay the Course.
stephen geraci
awesome. thanks so much. I will be heeding this advice. others have told me this recently too.
Thank you, Mr. Bogle. It's been Vanguard for me.
Did you buy etfs ?
@@souiritv8355 I prefer their mutual funds since I reinvest dividends and I have held total stock market since 1999 and 2/3 of that account has an average share price of less than $30 a share since the accounting changed a few years ago
He is so eloquent and sharp for his age🙏
Such a humble and brilliant human being. Loved the interview ❤️
I have taken Bogle's advice to heart and opened that envelope! Thank you, Mr. Bogle.
That was great, John was a legend. RIP.
Wow, I've always loved the honesty, humanity and logical mind of Bogle, but this interview was still really enlightening and, by the end, very poignant and touching as well. Thanks for doing it, Fools.
I like this guy! Wish I would have found out about him years ago! Thank you for doing this interview, greatly appreciated, thank you!
Mr. Bogle could EASILY be a billionaire but he decided to give back to his customers! Always remember that. He's only worth like 60-80 million while the Johnson's are over 20 million.
I think you meant billion... but yes point taken. Jack Bogle was the patron saint of retirenent investors and should be forever enshrined with a statue of him in Washington DC.
@@nicholas5396 we should start a petition to make that happen and the statue should not be in Washington, it should be on Wall Street !
@@BSPoK I'd sign that!
Man this guy is sharp as all heck.
For many years I was stuck in fidelity very high fee Investment on employer sponsored,I quit the job,I put all my 401k into vanguard total return,It's easy no complications whatsoever thanks so much Jack you are saving my life.
This man is my idol and hero (along with my father). Salt of the earth thinking about others best intertest.
Thank you so much for posting this video. Bogle is so consistently wise, one of my heroes.
The legend! Great man, my endless respect to you sir! Thank you
One of the best interviews of bogle ! very intense , deep learning , inspiring !
Wise Wise Man ... i like the way he thinks... learned so much ... so well spoken at his age. So impressed.
Brilliant interview! Mr. Bogle remains the class act of Wall Street.
Thank you JC Bogle !! Thank You, Thank You, Thank You !!!
Mr Bogle was an exceptional human being. St Jack!
Thanks for this video!!!!
Jack is such a straight thinker!!!
This is a fantastic video. Thank you both very much.
Back in the time so called mutual fund managers /gurus used to call ‘bogle folly’..took him down many times ..Complained to SEC..but jack never lost track to serve common people ..thanks to the internet..it helped his vision move forward faster and ordinary people like me started learning a lot from his investing advise ..one need not go to iv league colleges to be millionaire ..just follow his path and live life ..He is a hero..
I'm 53 and I plan to hold the Balanced Index Fund for life
What does mean with the balanced index fund ? I am an newbie in the stock market.
Need to listen to this like 10X
My grandkids, 9 & 13, opened Roths in November. Both started with 2 shares of VOO, and 2 of SCHD. I would love to be there in 50 years when they "open their envelopes" as Mr. Bogel says😊. A great man for sure!
Amazing interview. Thank you.
Beacon of Ethics in US market history. He is an institution by himself
A wonderful video. Thanks!
Love Jack!!!
I loved this interview. The interviewer asked hardball questions but politely
He got real swag!!! He is smart and speak clearly!!! He is real cool dude ...
Great interview,
Class...pure class.
John Bogle a living legend.
Jack, you are my newest hero learned a lot thank you
Mind boggling.
John Bogle and Peter lynch the two greatest advisors to the average Investor!!!!!!!!!!
It’s honor for me to meet you sir. I admire you sir and I feel caring of parents .. about you. Thank you very much .. I can feel heaven in your voice. I feel that he is a person who resembles God's father, a kind and noble personality.
God bless you and I love you . 🌹❤️
If you wanna be successful, you must take responsibility for your emotions, not place the blame on others. In addition to making you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life...
I'm 48 years old and living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and can't be more proud than am. I'm glad made great decisions about my finances that changed me forever but now I can't seem to make any other smart investment.
So you guys know her too?... Wow, she made me have my own house and car. She is awesome✨⭐
I'm a living testimony of the expert Mrs. Pamela Weaver she has been trading for me for years now
it's easier for me to work with a broker. It's more of a partnership, all based on a shared percentage. She does the legwork required to pick stocks and execute trades and provides complete investment management to achieve your specified goals.
Sometimes I wonder if he uses magical powers to trade I've never heard or seen any of his clients complain of loss... I think he's just too perfect.👌
He makes investing simple. Which it should be. I am amazed at how many of my friends have financial advisors, annuities and other garbage which is simply stealing money from them. I just tell them: Index funds, low expense ratios, bonds equal your age....set it and forget it. A caveman could do it ;)
That's because Wall Street spends a lot of money to keep them thinking that way. They want you to rely on them and make you think it is too complicated for you to do it on your own. If the average person simply uses the Vanguard Balanced Index Fund, that is all they would need for most of their life if not their entire life.
xpat73 A caveman could do it, that's Geico commercial
on the contrary, there are alot of average joes who think they can do better than the index by picking stocks. So they study fundamentals of companies, especially small caps. They only do good when the market goes up but when bear market comes, they never come out better than the index fund (spy)
Alex there are many ways to get there, and it all depends on your personality. I know myself enough to know, I am not a good fit when it comes to being an active investor. I rather buy the index and come out pretty good at the end.
@@stemikger where can I buy this ETF ?
A great man. ❤
A true legend and leader.
🖤Mhm
Epic.
Great interview
mesmerizing
Impressive intellect esp for his age
RIP Jack
The man who added more billions than any other in small investor pockets ..
Why does the title say John instead of Jack?
When this was?
The problem with not looking at your account for 50 years is that sometimes index fund ETF dissolve and return the money to the investors. In this case, you end up with cash in your account. If this happens early, you won't have a lot left at year 50.
That's not what he meant
How do we gather funds for starting an index tracker? We form as a corporation and issue stock/shares? Curious how that works.
Just buy a low cost index fund from a place like Vanguard, such as a Total US Stock Market Fund (which Bogle recommends) like VTI (total US stock market EFT) or the slightly narrower S&P index fund (consists of about 80% of the total US stock market) such as VOO (Vanguard's S&P Index ETF.) Once you get started with this investment buy more shares of this index fund as often as possible, and hold onto them as long as possible for best results. For more information and investing tips, see the Bogleheads wiki web site, and the investor education section of Vanguard's web site.
@@RandyDunnTrumpet can I buy this on other broker? I am living outside usa .
What's the reason to invest long time in index foud, If you only benefit from it at retirement. For example if you invest now 100k in a index found at 30 something years your return over 30 years from now will be around 900k?
We are immigrants entering USA 1963. Penniless. With meager earnings we lived in Chicago slums for years. Saved and invested in mutual funds ever since. No advanced education. 401 k, IRA, annuities and mutual funds until today. Single income. Wife was / is housewife raising our son and keeping us healthy with home cooking. Modest lifestyle. We are comfortably retired as were as my relatives in Germany are struggling. Germans in Germany do not like stocks. Vanguard is one of our investments.
REPLY
Great success
how much you earn in 15 years for 1 dollar, just for my investment planning
SLEEP WELL UNCLE JACK IMA REP LA VANGUARDIA TILL THE END
Thanks, Fools for hacking the cajones to play Bogle.
Jack is the man,like funny money account idea
What does he mean from 3:20-3:36? Will anyone explain that line of thought more clearly?
JimmyCrack Corn He is using buying a new car as an analogy whereas, the salesman is giving you extras and you can see what you are getting for your money. The mutual fund companies on Wall Street try to do the same thing, but in that case you are not getting anything extra, in fact you are getting less because you are paying more. Marketing is huge in the mutual fund business but remember they are not doing anything magical, they are investing in the same companies a low cost index fund invests in but are charging you a lot more. For a long term investor that comes up to a lot of money. All you need to do is invest in a total market index fund or an S&P index fund and add bonds as you age through a total bond market index fund and you can fall asleep for the next 20 or 30 years.
Thank you!! ^
Great !... But how on earth is it any good if you don't know when this took place. This seems typical of such interesting financial discussions I see on CZcams ... Why ?
Description box says Nov. 19, 2013.
Why does the title say john vogle not jack
John is his given name, Jack is his nickname
When I was working in a trading firm, we were paying thousands of dollars in costs to the broker every month. Only one trader of us all was massively in profit.
Peter Lynch, John Bogle, Warren Buffett my miths forever!
Not myths. They are true legends
Actively managed funds are too expensive and they do not perform well ! Put your money in an Index Fund! A great read is "Where are all the Customers' Yachts?"
10:05 the holy grail
motley fool...when do you think the market will crash again...thx
Doesn't matter.
he's so cute and charming...
This video exposes a lot of hedge fund manipulation in the world. RIP the lone ape legend.
Benjamin Graham - also known as The Dean of Wall Street and The Father of Value Investing - was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.
Warren Buffett once gave a speech at Columbia Business School explaining how Graham's record of creating exceptional investors (such as Buffett himself) is unquestionable, and how Graham's principles are everlasting. The speech is now called as "The Superinvestors of Graham-and-Doddsville".
Buffett describes Graham's book - The Intelligent Investor - as "by far the best book about investing ever written" (in its preface).
Graham's first recommended strategy - for casual investors - was to invest in Index stocks.
For more serious investors, Graham recommended three different categories of stocks - Defensive, Enterprising and NCAV - and 17 qualitative and quantitative rules for identifying them.
For advanced investors, Graham described various special situations or "workouts".
The first requires almost no analysis, and is easily accomplished today with a good S&P500 Index fund.
The last requires more than the average level of ability and experience. Such stocks are also not amenable to impartial algorithmic analysis, and require a case-specific approach.
But Defensive, Enterprising and NCAV stocks can be reliably detected by today's data-mining software, and offer a great avenue for accurate automated analysis and profitable investment.
ben graham died an indexer
32:00
I think invest in a index is for people who recognize they dont have the abbility to select stocks that will go better than the averages, or dont have time or interest in do this work. WB says the better way is invest in a index cause he knows there isnt anyone who can invest as him or as Munger. Nobody could substitute them.
24:00
Sharper than a razor blade.
Kick
his smarts alone and his initial money wouldn't have enabled his nowadays influence, that is without brain mining others. therefore be more scarce with the compliments
The 'Patriarch' ofthe Index fund.
everybody says jack, isnt his name john?
You are right his name is John but his friends call him Jack and I have seen interviews where he says call me Jack when people refer to him as Mr. Bogle. I'm not sure where the nick name Jack came from but he is know in the industry as St. Jack.
stephen geraci thanks stephen
stephen geraci
Your right, I have wondered where Jack comes from the best I can find:
The name Jack probably originated as a medieval diminutive of the name John, originally as "Jackin" (earlier Jankin). Alternatively it may be derived from the name Jacques, which is the French form of the name Jacob. There is also a theory that it is Celtic in origin, meaning "Healthy, Strong, Full of Vital Energy" (compare the Welsh word iach, "health"), from a putative Ancient British *Jakkios. Whatever its origin, the name and also the word "jack" were long used as a term to refer to any man, especially of the common classes.
George McGovern Awesome! Thanks for sharing this!
Having, not hacking, sorry. Unintended pun.
Who is John Bogle ?
Jack Bogle I guess
John is Bogle's given name so Jack is a nickname
“I am certain that Social Security will be repaired, because it has to be.”
This did not age well.
Bogle is great, Vanguard sounds good. I put a considerable amount of time and effort into researching this and finally decided to move my IRA funds to Vanguard.
But the employees at Vanguard are not up to the task--they seem to be completely incompetent across the board. They couldn't execute a simple transfer of funds. Every time I called, and right from the start, it sounded like every 25-year-old, ill-informed, ill-trained guy had no grip on the situation.
Now they can't even close my account.
This is no good, Mr. Bogle, if you can't train your people right.
A guest on The Wall Street Journal Report spoke sometime last week about making over $431,000 in 4months with a capital of $100,000, which made me realize that as a beginner i have alot to learn, so please assist me with any pointers or tips that would help me make this much profit.
seek the guidance of a professional.
I watch youtube videos and take courses , baby steps but it works for me.
I’m a new investor as well and I use a broker Joanna Maliva Lee she’s been guiding me with my investment since I began late Sep and I’ve been able to accrue a profit of $326,000 with a principal of $85,000
that’s amazing
Wow I always wanted to invest with a professional but I never knew how to go about it please how do I reach Joanna and how does she help investors
Some 1,129 people have been killed and nearly 3,500 wounded in eastern Ukraine since the start of the Kiev's military operation in April, according to UN estimates.
mmm hmm
compare the results of the vanguard index fund to the medallion fund and you will see that there is a much better way. James Simons is a total genius though and I'm not kidding in the least.
You cant buy into the Medallion Fund unless you work for Jim Simon's. And you cant stay fully invested as the fund is capped at 10 billion and spins off tons of short term capital gains so its hugely tax inefficient. Buying the S&P and holding while reinvesting dividends is better.
:/
Why would a man with 22 billion in Exxon call gold a "speculation" with "absolutely no underlying intrinsic value?"