John C. Bogle author photo
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John C. Bogle

Born: May 08, 1929 – Montclair, New Jersey, United States

John C. Bogle was an American investor, mutual fund pioneer, and writer focused on index investing, long-term wealth building, and investor rights. He founded Vanguard Group, created the first index mutual fund for individual investors, and wrote influential books including Common Sense on Mutual Funds and The Little Book of Common Sense Investing.

Biography & Author's Journey

John C. Bogle was an American investor, executive, and author whose career reshaped how ordinary people save and invest. Born in 1929 in Montclair, New Jersey, he came of age during the lingering effects of the Great Depression, an experience that sharpened his lifelong concern with thrift, stewardship, and the long-term interests of small investors. He studied economics at Princeton University, where his senior thesis examined the mutual fund industry and argued that funds should be managed with lower costs and greater discipline. That student work became an early blueprint for the ideas that would define his life.

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Quotes

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First, in investing, realize that you get what you don’t pay for
-In Investing, You Get What You Don’t Pay For
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Performance comes and goes, but costs roll on forever
-In Investing, You Get What You Don’t Pay For
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Second: Don’t do something, just stand there
-In Investing, You Get What You Don’t Pay For
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After the deduction of costs, beating the market, like beating the casino, is a loser’s game
-In Investing, You Get What You Don’t Pay For
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Time is your friend. Impulse is your enemy
-Reinventing Mutual Funds
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Don’t look for the needle. Buy the haystack
-At the 50-Year Mark—Looking Back, Looking Ahead
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Because for the former group, the magic of compounding returns is overwhelmed by the tyranny of compounding costs; for the latter group, the magic of compounding returns stands almost on its own
-In Troubled Times . . . The Arithmetic of Mutual Fund Investing is More Important Than Ever
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Investors would clearly be better served by simply owning, through an index fund, the market haystack itself
-As The Index Fund Moves from Heresy to Dogma . . . What More Do We Need To Know?
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What makes us unique? The first secret of whatever success Vanguard has enjoyed is that the less the money manager takes, the more the fund investor makes
-This Above All: To Thine Own Self Be True

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Community Voices

"John Bogle, who popularized the low-cost index-based mutual fund as founder of Vanguard, has died"

Bloomberg

"Warren Buffett remembers Vanguard founder John C. 'Jack' Bogle as a Wall Street revolutionary"

Fortune

"If a statue is ever erected to honor the person who has done the most for American investors, the hands down choice should be Jack Bogle"

Warren Buffett

"John C. Bogle was regarded by friends and foes alike as the conscience of the industry and the sheriff of Wall Street"

The Philadelphia Inquirer

"Vanguard founder Jack Bogle dies at 89; pioneered the index fund"

The Washington Post

"I rank this Bogle invention along with the invention of the wheel, the alphabet, Gutenberg printing, and wine and cheese"

Paul Samuelson

"Investors have one man to thank for making that option available to them: Jack Bogle"

TIME

"Jack Bogle is the greatest friend the individual investor has ever had"

Burton Malkiel

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