MIB: Remembering Jack Bogle

In our latest Masters in Business podcast, we revisit our conversation with investing legend with Jack Bogle, founder of the $5.3 trillion dollar Vanguard Group, creator of the index fund, and all around investing legend.

Bogle regales us with fascinating stories, including Vanguard’s origin tale. He tells of getting fired as Chairman of the Wellington Funds dues to a disastrous merger. Somehow, he finagled a role within the asset management group running what he describes as Wellington’s “unmanaged” funds — i.e., the first equity index fund.

He named the new management company for the HMS Vanguard, flying Rear Admiral Sir Horatio Nelson’s flag. He discusses Wall Street’s initial response to index funds, explains why no one ever really decided to compete with Vanguard, and holds a master class on the proper way to invest. Bogle later created the first bond index fund.

Most of the time in our MIB interviews, our team prepares by doing deep research, creating a list of topics and questions to guide the conversation. Bogle is a force of nature, and you can hear me struggle for a while trying to work stay with my game plan, before making the audible call to simply enjoy chatting with one of the most legendary personalities in all of finance.

His favorite books are here; our transcript is posted here; my remembrances of Bogle the man is here; my column explaining why he was so important to finance is here.

You can stream the full podcast bel0w, or download it on Apple iTunes, Overcast & BloombergStitcher.  Our earlier podcasts can all be found at iTunesStitcherOvercast, and Bloomberg.

 

 

 

 

Jack Bogles Favorite Books

 

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel by Benjamin Graham

A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing by Burton Malkiel

Unconventional Success: A Fundamental Approach to Personal Investment by David Swensen

The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William Bernstein

Against the Gods: The Remarkable Story of Risk by Peter Bernstein

 

 

 

Books written by Jack Bogles

Bogle On Mutual Funds: New Perspectives For The Intelligent Investor by John Bogle

Don’t Count on It!: Reflections on Investment Illusions, Capitalism, “Mutual” Funds, Indexing, Entrepreneurship, Idealism, and Heroes by John Bogle

Character Counts : The Creation and Building of the Vanguard Group by John Bogle

The Battle for the Soul of Capitalism by John Bogle

Common Sense on Mutual Funds by John Bogle

Enough: True Measures of Money, Business, and Life by John Bogle

Stay the Course: The Story of Vanguard and the Index Revolution by John Bogle

The Clash of the Cultures: Investment vs. Speculation by John Bogle

John Bogle on Investing: The First 50 Years by John Bogle

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John Bogle

The John C. Bogle Reader by John Bogle

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