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....
"Never overpay for a security, no matter how exciting the story. The price you pay determines your return. Discipline in valuation is the foundation of investment success."
Discipline in valuation determines investment success.
Read Full Analysis →"Always estimate the intrinsic value of a business before investing. Compare price to value, not price to past price. The gap between price and value is where profits are made."
Compare price to intrinsic value, not to past prices.
Read Full Analysis →"Fund returns tend to revert to the mean. Yesterday's winners become tomorrow's losers, and vice versa."
Past fund performance rarely predicts future success.
Read Full Analysis →John Bogle has 3 key principles on value assessment. The most important one is "Value Discipline" — Never overpay for a security, no matter how exciting the story.
John Bogle applies value assessment through several key principles including "Value Discipline" and "Focus on Intrinsic Value". These principles guide practical investment decisions and have been tested across decades of market cycles.
John Bogle's approach to value assessment is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, John Bogle provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
