The Acoustic Guitar Forum

Go Back   The Acoustic Guitar Forum > Other Discussions > Open Mic

Reply
 
Thread Tools
  #1  
Old 01-16-2019, 11:31 PM
Kerbie Kerbie is offline
Charter Member
 
Join Date: Jan 2011
Posts: 28,635
Default RIP: Financier John Bogle

I'm not sure how many fans Mr. Bogle had at a guitar forum, but I couldn't let his passing yesterday go without a mention. He was a legend in the investment world... one of the most innovative men of his era. He is credited with doing more for the average investor than anyone in history. He probably had more to do with the typical American becoming a stock market investor than any other. He revolutionized the mutual fund industry by perfecting the concept of index funds. And he certainly directly and indirectly helped shape my philosophy of investing. Remarkable man... he will be missed in the financial world.

Philly.com obituary.
A collection of tributes from Google News.
Reply With Quote
  #2  
Old 01-17-2019, 01:48 AM
raysachs's Avatar
raysachs raysachs is offline
Charter Member
 
Join Date: Sep 2017
Location: Eugene, OR & Wilmington, NC
Posts: 4,706
Default

We live pretty close to the Vanguard campus in Malvern. I’ve been to a number of meetings there (despite incredibly tight - legendary - security!) and have known a number of Vanguard employees - one of our nearby neighbors has been there her whole career. I never heard a negative word about the man and a whole lot of very positive ones.

-Ray
Reply With Quote
  #3  
Old 01-17-2019, 05:06 AM
M19's Avatar
M19 M19 is offline
Charter Member
 
Join Date: Dec 2009
Location: Land of 10,000 Lakes
Posts: 8,551
Default

Low cost Index Funds and ETFs are the best way to invest IMO. My IRA is at Vanguard.
__________________
Marty
Twin Cities AGF Group on FB
Reply With Quote
  #4  
Old 01-17-2019, 05:48 AM
Mr. Jelly's Avatar
Mr. Jelly Mr. Jelly is offline
Charter Member
 
Join Date: May 2016
Location: Sioux City, Iowa
Posts: 7,848
Default

May God bless Jack Bogle.

Thanks for the post
__________________
Waterloo WL-S, K & K mini
Waterloo WL-S Deluxe, K & K mini
Iris OG, 12 fret, slot head, K & K mini

Follow The Yellow Brick Road
Reply With Quote
  #5  
Old 01-17-2019, 05:50 AM
Murphy Slaw Murphy Slaw is offline
Registered User
 
Join Date: Jan 2011
Location: Southern Illinois
Posts: 2,974
Default

Legends in every field.

I wonder about the Instagram generation however.
__________________
The Murph Channel

http://www.youtube.com/channel/UCkomGsMJXH9qn-xLKCv4WOg
Reply With Quote
  #6  
Old 01-17-2019, 06:27 AM
BrunoBlack's Avatar
BrunoBlack BrunoBlack is offline
Charter Member
 
Join Date: Nov 2014
Location: New England
Posts: 10,483
Default

He sure was an interesting guy with a great understanding of the market. His lead to champion Index Funds over the long haul was prescient. It has been reported that Index Funds now hold 60% of all funds in the stock market (Morningstar says - Assets in passive equity strategies grew to nearly 45 percent of all stock market investments in the U.S. in 2018.), which might be a little concerning to some — but I didn’t hear what he thought about this development.

Last edited by BrunoBlack; 01-17-2019 at 06:47 AM.
Reply With Quote
  #7  
Old 01-17-2019, 08:30 AM
buddyhu buddyhu is offline
Guest
 
Join Date: Oct 2012
Location: Massachusetts
Posts: 8,127
Default

Bogle changed the face of investing in a profound and important way. Slightly more than 50% of US households own stocks or mutual funds; even a sizable number of households with income of less than $40K own some stocks or mutual funds.

More US households own stocks or mutual funds than own a dog or a gun.

While one can debate whether this will ultimately be beneficial for our society, there is little doubt that many have derived financial benefit from Bogle's vision and his implementation of that vision.

RIP.
Reply With Quote
  #8  
Old 01-17-2019, 12:39 PM
Cypress Knee's Avatar
Cypress Knee Cypress Knee is online now
Charter Member
 
Join Date: Mar 2006
Location: North County San Diego
Posts: 2,083
Default

Quote:
Originally Posted by Haasome View Post
He sure was an interesting guy with a great understanding of the market. His lead to champion Index Funds over the long haul was prescient. It has been reported that Index Funds now hold 60% of all funds in the stock market (Morningstar says - Assets in passive equity strategies grew to nearly 45 percent of all stock market investments in the U.S. in 2018.), which might be a little concerning to some — but I didn’t hear what he thought about this development.
Bogle was becoming concerned about the concentration of shares in the hands of just a few index funds - Vanguard, Black Rock and State Street Global. Here are his thoughts from a late 2018 Wall Street Journal article.

"My concerns are shared by many academic observers...Prof. John C. Coates of Harvard Law School wrote that indexing is reshaping corporate governance, and warned that we are tipping toward a point where the voting power will be “controlled by a small number of individuals” who can exercise “practical power over the majority of U.S. public companies.” ... His conclusion—“The issue is not likely to go away”—is unarguable."

CK
__________________
-----------------------------
Jim Adams
Collings OM
Guild 12 String
Mark V Classical
Martin Dreadnaught
Weber Mandolin
Reply With Quote
Reply

  The Acoustic Guitar Forum > Other Discussions > Open Mic

Thread Tools





All times are GMT -6. The time now is 02:04 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Copyright ©2000 - 2022, The Acoustic Guitar Forum
vB Ad Management by =RedTyger=