Deep Thoughts From John Bogle

John Bogle was on Consuelo Mack’s WealthTrack this weekend discussing his career building Vanguard and how he’s spent his life trying to steer investors away from active management into more passive approaches.

He also discusses his new book “The Clash of Cultures” in which he discusses this battle between active and passive investors.

It’s worth the time. See below:

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

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Comments

  1. Thank you Cullen.

    Nice to have someone shine a light through the fog…although there seems to be an endless supply of fog these days.

    Use some of Vanguards ETFs as benchmarks to compare the long term performance of various equities. Bit by bit through time I find these ETFs to be a steadily growing part of my portfolio. And as they do I sleep better and spend far less time sweating the market.

    Jack says the best piece of investment advice he ever got was “nobody knows nuthin’.” Another way of saying the market already knows everything and if you are smarter than the market it a temporary event.

    • I like Jack’s investment advice very much, but I would add one exception. The market does not know MR. Those who do have an edge, I believe.

  2. I’ve been a fan of John Bogle since 1991 when my Dad bought me one of his books as a gift: “Bogle on Mutual Funds.” I’ve been putting my money in Vanguard funds ever since. He has a lot of interviews that you can find on youtube and he’s written many books.