6/24/2023 0 Comments Don t count on it john bogle![]() ![]() ![]() Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. Vanguard happens to be the only exception to that rule-we can talk about that a little later on, maybe. Bogle: Well, let me start off by saying that's the reason that in the subtitle of the book, I have the word mutual in quotation marks, and a lot follows from that. His senior thesis in economics laid the groundwork for his investment career, exploring the concept of making low-cost index funds available to individual investors.Ĭhris Barth, Forbes: One of the topics you cover in your latest book is "What's Wrong With Mutual Funds." That seems like a strange idea to push, given that you are the founder of one of the world's largest mutual fund companies. Before founding Vanguard, Bogle worked at Wellington Management Company.īogle earned a bachelor's degree at Princeton University. ![]()
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