John C. Bogle

John Clifton "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group, and is credited with popularizing the index fund. An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible. The ideal investment vehicle for Bogle was a low-cost index fund representing the entire US market, held over a lifetime with dividends reinvested, and with a minimum 20% bond allocation. His 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor became a bestseller and is considered a classic within the investment community. Early life and education John Bogle was born on May 8, 1929, in Montclair, New Jersey, to William Yates Bogle, Jr. and Josephine Lorraine Hipkins. His family was harmed by the Great Depression. They lost their money and had to sell their home, with his father falling into alcoholism, which resulted in his parents' divorce.