Bogle: Keep Investing
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- čas přidán 8. 04. 2010
- The founder and former CEO of Vanguard talks to Morningstar's Christine Benz about why to stay the course amid the financial crisis.
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When in doubt, listen to Jack Bogle.
Agreed 100%
Amen to that.
Exactly
Jack Bogle saved my financial life. Thank you sir. God bless you and rest in peace.
I'm so much happier with it.
I can't imagine what Jack would say after the wild 2 years of gains and losses we've had. Bless Jack Bogle, the only hero for retail investors.
He would say what he always said: stick with it
Dont look at it
Its for the long term
The sea of time flattens any hills and valleys we see in stock gain or loss.
Law of averages is on side of the index fund OR one needs to be really knowledgeable about specific companies and stocks which 99.9% arent
How right he was.
He always was.............. and still is.
Wow, these 2010 comments apply so well to today. Even more true!
This man has done so much for the investors in the world and even more for the future generations. Thank you, Jack Bogle. Not all heroes wear capes.
0:28 I've only been in the stock business for 57 years
0:55 When I came into this business in 1951
1:09 We've taken the focus from investment to speculation (that is, stock prices change based off what people think is going to happen instead of what a company is actually worth at the moment)
1:21 Investors are the losers and Wall Street wins
1:26 Wall Street makes $650 billion a year in fees, which means investors lose that much
2:47 Investment is a simple thing
3:50 What you wanna do is keep investing
What a privilege to sit at the feet of Jack Bogle and learn.
RIP Jack my mentor. 😇
Stay the course! I like it!
Thank you for your wonderful work and support. RIP Mr. Bogle. ✌️
What a wonderful man! So wise and insightful! I am going to read his book.
Did you pick it up? How was it?
Jeremy Standiford he is a genius, still shows up to work everyday...
I just finished reading his book The Little Book of Common Sense Investing. It was a great read!
RB Colbert That was probably the most useful book I’ve ever read.
Great to hear the main man speak - very intelligent, plausible and practical 👍
Our guy at the top.... God bless your soul Jack. Rest in peace.
Wow. He's right for sure. Bogle is a good man and hopefully people will improve their lives based on his advice.
Still rings true today.
LONG AND STRONG BABY. Bogle: THE GOAT. R.I.P
Great personality ! Bogle and Buffett are the best because they give simple straight forward advise
His voice is incredible, like silk
WISDOM COMES WITH AGE..SELFLESS AND HUMBLE MAN.
I can't believe I clicked on this two days after I bought a Vanguard fund and the day the market lost 600 points! It must be Jack encouraging me from on high.
Dollar cost average into VTSAX and you will be good.
@@michaelgee6612 You contradixt what John Bogie was saying, that is that Cost Avereriging does not bring any benefit for majority of time compared to one time investments...
@@Dra60oN So save up all year for a one time lump sum investment?
@@cathleensmith4717 No I am not saying that. If you have already money at your disposal then it makes sense to do the lump sum investment immediately. The idea behind this is that the markets do go up more than they go down. If on the other hand, you wait for one year, then the market will most likely go up within a year, and you will end up paying more for your shares than you would do a year ago. In such situation, it would make more sense to invest your monthly savings as soon as possible. So it is not a simple yes/no answer, it always depends on your current financial situation.
Thank you again Mr. Bogle. You have made a difference in my life. RIP sir.
Genius ....Always wonderful to listen
nothing but Wisdom !!
BOGLE IS MY IDOL
I LAV U BOGLE!
STAY THE COURSE
Thank you for sharing this.
this video has 36,671 views. If each view was a separate person, it's not irrational to say that there's probably 36,671 millionaires from the wisdom of Jack Bogle
Simply, i have repeated the video 4times in a row, because wisdom of his words is too deep, 7minutes to think alongside with him is not enough (obviously 28minutes also is not a solution)...
And, I'm one of them! NEVER could have done it, without reading his timeless classic, "Common Sense on Mutual Funds". I buy a copy for EVERY young person, who is close to me, who is just starting out in their working years!
The OG Diamond Hands!
Great philosophy! Governments can't do it better, worse today than 10 years ago.
I truly admire mr Bogle
Thank you Mr Bogle. rest in peace
A modern day hero whose words of wisdom will live on forever.
He is a legend. Great interview and lots of good advice. Stay the course!
What a great man.
“I have something that he will never have: enough.”
Video came out in 2010. Would've been the perfect time to buy and hold a TSM index fund. Bogle is almost always dead on.
True words of wisdom and common sense.
Great man he was!!!! RIP Mr. Bogle!!!!
So true !!
I see jack bogle.. no matter the topic.. i hit like.
I love this man
That story is so important
Jack Bogle is the GOAT !!!!!
I would love to hear his perspective in our current market. Bogle was a trailblazer for the average investor.❤
Great Man ! God Rest Him.
His voice knows no aging
I want to stand up and listen to this. ......
Modern hero. Absolutely criminal that more people do not know who he is and everything that he did for the individual investor x
How wrong the great and the good can be......for the market went up despite his lament,,,still an inspiration for me
He will go down as one of the smartest investors in history, along side Buffet, Graham and Siegel
Don't forget Burton G. Malkiel.
VTI
in 2008 I was two years out of college and already had a start on my 401k, only to see it plummet in late 2008 and early 2009. My strategy was to _increase_ my 401k contribution and ended up picking up a second job at night so I could invest _more_ into the fear and uncertainty, in no small part thanks to the writings of Jack Bogle. 38 year old me is very thankful to 24 year old me (and the late Mr. Bogle), even if that money is locked up for 21 more years.
Your future family/lineage will be living entirely differently because of your sacrifice a decade ago.
@@HermannTheGreat I envision my future grandchildren sitting around me, wide-eyed, while I blurt out "None of your are getting a single dime!"
(Kidding, it's a Don Rickles bit).
Timeless advise!
They don’t make em like this anymore
the legend uncle jack
RIP Jack Bogle. A lot of people had and will have better retirements because of him.
*Nowadays, S&P500 almost +300%*
Smart man.
Wait,this was ten years ago!?
the greatest
VTI ALL THE WAY!
I didn't panic sell during the dip, I buy more thanks to Jack Bogle
Buy the dips with what? Where does the money to buy the dips come from? Your meager salary. Stop it with the "buy the dips" stuff.
It's like he was speaking about today. Wow, if he only knew how much more speculative we were today. How much more involved the Gov is...
I was thinking the same
Can anyone tell me what year this interview was?
2008
Fuck wish I was in VG such a legend
Video Summary:
I never this amount off stock speculation in market.
Market goes 2% up and down 37 days last year, 12 times more today then in 1951s. (3-4 days in year back then).
This has taken whole focus of market participation In US, from one of investment to one of speculation.
A tragedy in which investors lose.
A system crying for change.
I would have guessed that
Change would be so abrupt
Specluation so rampant
Credit so easy
Credit standards would be devistatningly low
Unfortunately one solution we are gonna get is Government intervention.
Govt cant do a better job than the private enterprise.
But then Govt is the only source of liquidity we have left.
Im not smart enough to get into high or buy back at low, meter stay in all the time.
Keep investing. A sharp decline iOS bad for sellers, but good for buyers.
We need to improve the whole society, financial system represents the worst part of our society.
Think about family, community, greater good than accumulating all the money fame power, the conventional definition of success.
Bro you don’t have to be smart to invest just invest in index funds
🐐
Saint Jack
You can’t “lose” if you aren’t selling.
What a Saint!. This man could have made Trillions. Why he didn't?
"Enough: True Measures of Money, Business, and Life" by Jack Bogle
IN REGARD TO A GOOD BOOK....I SUGGEST A BOOK CALLED THE LIMITS OF POWER
Once in a generation man…
“Thou shall fatten thy purse”
Did it for the many not just the few
“They couldn’t do worse!” That’s always my argument to pro-capitalists: look at the chart and tell me this method of capitalization makes any damn sense. Government could do vastly better especially if it attracted the same talent as the private sector because bureaucrats can afford to think in 20-50 year cycles rather than 10s ones.
BUFFETTING YOUR RETURNS ABOUT
"Let capitalism do its work". Please people, do not elect socialists, send them packing to venezuela. thanks. That is all.
This did not hold up. The American people have elected communist. Although j believe there was massive voter fraud
@@chongo96 Trump won big. The system has failed so far, its down to the next dew days to see if truth prevails.
QQQ > total market.
Stay the course and lose your money
what do you invest in?