John “Jack” Bogle
“The grim irony of investing is that we investors as a group not only don’t get what we pay for, we get precisely what we don’t pay for.”
Age: 89 , Founded The Vanguard Group
Assets Under Management (AUM): $5.1 trillion
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This investor is an absolute legend in that he founded a company that is essentially a household institution at this point in time: The Vanguard Group. Most Americans at least recognize this name as a source of low-cost mutual fund investments, but John “Jack” Bogle is known for so much more than that. In fact, Fortune magazine named him as one of the “four investment giants of the 20th century” back in 1999, and his book “Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor” is a widely-read classic that’s highly regarded in the investment community.
Bogle is perhaps most noted for founding the first index mutual fund that was available to the general public – which happened in 1976 when he founded the Vanguard Investment Trust, which would later become the Vanguard 500 Index Fund.
Next Slide – This Legendary Investor’s Company has
$752.3 BILLIONS Under Management
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