John Bogle

About John Bogle

John Clifton "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist. He founded The Vanguard Group in 1975 and created the first index mutual fund available to individual investors, revolutionizing the investment industry. Bogle is credited with pioneering low-cost investing and championing the rights of individual investors against Wall Street's high fees. Under his leadership, Vanguard grew to become one of the largest investment management companies in the world, managing trillions of dollars in assets. His investment philosophy was simple yet revolutionary: most investors are better off investing in low-cost, broadly diversified index funds rather than trying to beat the market through active management. He famously stated, "Don't look for the needle in the haystack. Just buy the haystack!" Bogle dedicated his career to reducing investment costs and advocating for investor interests. His impact on the industry has saved investors hundreds of billions of dollars in fees. Warren Buffett called him a "hero" who did more for American investors than anyone else.