When you think of the words punk or rabble-rouser, you probably don’t think of a man in his late eighties, wearing a navy blazer and khakis. But as Eric Balchunas writes, that’s exactly what Vanguard founder Jack Bogle was.
He turned an industry on its head, and he spoke his mind in a way that few people really do. As Balchunas notes, “His TV hits on business networks were mostly about the futility of trying to pick stocks or time the market. He’d give a speech at an ETF conference about why ETFs were awful, or trash active management at a conference for fund managers.”
“He built an entire genre of investing by trying to eliminate everything that gets in the way of investors getting a fair share of returns, including management fees, brokers, turnover, trading costs, market timing, and human emotion.”
- Jack Bogle was a Punk from Eric Balchunas
Recommended Reading
- Striking Out from Allan Roth
- Should ESG-Driven Investors and Stakeholders Divest or Engage? from ProMarket
- Buy Low, Sell High is Easier Said Than Done from Ben Carlson
- Does Advisor Channel Influence Passive Fund Choice? from Michael Finke, Aron Szapiro, and David M. Blanchett
- “Advice-Only” Gains Traction as Advisers Opt Out of Managing Client Portfolios from Jeff Benjamin
- We All Knew This Would Happen from Nick Maggiulli
- Bitcoin’s Massive Plunge Shows Why It Shouldn’t Be In Your 401(k) from Michelle Singletary
- What Belongs in 401(k) Plans? from John Rekenthaler
- Direct Indexing Is Coming Your Way from John Rekenthaler
- How to Fix the Broken U.S. Retirement-Savings System from Bloomberg
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Hi. I'm Mike Piper, the author of this blog. I'm 
