Bogleheads On Investing Podcast Episode 001: John C. Bogle, host Rick Ferri
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Sep 14, 2018 John C. Bogle, founder of Vanguard and the innovator behind the world's first index fund, shares his remarkable journey from Princeton to shaping low-fee investing. He discusses the transformative impact of Vanguard, the growth of traditional index funds, and the importance of simple, cost-effective strategies. Bogle reflects on his leadership legacy and the evolution of mutual funds, while also addressing the role of social media in spreading investment knowledge within the Bogleheads community. It's a captivating exploration of investment philosophy and industry changes.
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Buffett's Praise
- At the 2017 Berkshire Hathaway meeting, Warren Buffett praised John C. Bogle's contributions to American investors.
- He suggested a statue for Bogle, leading to a standing ovation.
Ferri's Epiphany
- Rick Ferri describes his first encounter with John C. Bogle at a 1996 CFA conference after Bogle's heart transplant.
- Ferri's "aha moment" came while reading Bogle's book during a children's Halloween event.
Writing the First Book
- John C. Bogle wrote his first book, "Bogle on Mutual Funds," despite health concerns, after repeated requests from a publisher.
- He worked weekends to complete it, driven by a sense of urgency and a desire to share his knowledge.