Putting the Shareholder First, A Lifetime Ideal: A Conversation with John Bogle

15 Pages Posted: 14 Oct 2010

Date Written: 2006

Abstract

Over the course of his fifty-five-year career in the investment industry, John C. Bogle, founder and former chairman of The Vanguard Group, redefined investing for the individual investor and became known as the conscience of the mutual fund industry. Concerned since his undergraduate days at Princeton University about the impact of costs on the returns that investors receive, Mr. Bogle turned a career setback in the mid-1970s into an opportunity to put his early beliefs into action. Within the space of three years, he had established Vanguard, the first mutual fund company to be owned by its fund shareholder clients; created the first index mutual fund; and pioneered the concept of the modern no-load mutual fund.

In April 2006, Mr. Bogle talked with members of the Journal of Investment Consulting Editorial Advisory Board about the experiences that shaped his philosophy, his views on the costs of financial intermediation, and his recommendations for improving corporate governance.

Keywords: John Bogle, Vanguard

JEL Classification: E21, G10, G11

Suggested Citation

Consulting Submitter, Journal of Investment, Putting the Shareholder First, A Lifetime Ideal: A Conversation with John Bogle (2006). Journal of Investment Consulting, Vol. 8, No. 1, pp. 8-22, Summer 2006. Available at SSRN: https://ssrn.com/abstract=1690710

Journal of Investment Consulting Submitter (Contact Author)

Investments & Wealth Institute ( email )

5619 DTC Parkway, Suite 500
Greenwood Village, CO 80111
United States
303-699-7000 (Phone)
303-770-1812 (Fax)

HOME PAGE: http://www.investmentsandwealth.org

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