John Bogle

What I learned from reading Enough: True Measures of Money, Business, and Life by John Bogle ----Gentlemen, cut your costs. [4:00]the benefits of being forced to work early on in life [7:00]I'll never forget the inspiration when I read this quote: The force of his mind overcame his every impediment. [9:30]the traits he needed to found Vanguard [12:00] what John thinks we should be doing better [13:30]create things that help other people/Charlie Munger [17:30]When a business fails people want to know their revenue. I want to know their costs [19:30]the past is not a prologue in the financial markets... please, please, please don't count on it. [23:00]Einstein well understood the limits of quantification / the way we act and the way we measure are in conflict [26:00]Show me the incentive and I will show you the outcome. –Charlie Munger / If you get the incentives right when you start the company you will grow. [35:00]A rule of life: Press On, Regardless [39:00]10 reasons why I bother to battle [44:00] ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

What I learned from reading Stay the Course: The Story of Vanguard and the Index Revolution.----This is a story of a revolution [0:01]what Vanguard does and why? [7:00]the seed of the idea that eventually becomes Vanguard [10:00]switching from conservative investing to speculation / when humans are scared they copy the behavior of those around them [17:00]John gets fired. He decides to fight back. [31:00]if you know why you are doing what you are doing you are less likely to quit [41:00]staying the course gives you a massive advantage because most humans quit [53:00] We must never underrate the power of compounding investment returns, and always avoid the tyranny of compounding investment costs.– John Bogle [59:00]eliminating the 50-year tradition of sales commission [1:01:00]a failure caused by focusing on competition and not learning from the past [1:06:00]the Founders Mentality [1:07:30]personal reflections and a memoir of sorts [1:11:00] ----Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

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.