Collin County Living Well Magazine May/June 2016 | Page 34

The Intelligent Investor

“Learn every day, but especially from the experiences of others. It’s cheaper!” — John C. Bogle

What Experts Say About “Jack Bogle”
Warren Buffett: “Through your communications--both oral and written--you have saved American investors many billions of dollars.”
William Bernstein, author of The Four Pillars of Success: “I’ve found over the years, that disagreeing with Jack Bogle
is a good way of eventually being proven wrong.”
Alan S. Blinder, former Chairman of the Federal Reserve Board: “For decades Jack Bogle’s relentless voice, sharp pen, and indefatigable energy have been prodding the mutual fund industry in particular, and the financial industry more generally, to embrace higher business, fiduciary, and ethical standards.”
Bloomberg: Jack Bogle’s legacy is rooted in the concept that investing should be conducted solely in the interest of
shareholders and investors.
The Bogleheads’ Guide to Investing: “While some mutual fund founders chose to make billions, he chose to make a
difference.”
William Clinton, 42nd President of the United States: “With his own impeccable credentials in finance, Bogle reminds us that the United States was built upon a tradition of hard work, temperance, and duty.”
In 1999, Fortune magazine named Jack Bogle: One of Four Investment Giants of the 20th Century.
Joel Galbraith, former Market Strategist, Morgan Stanley: “There is no question that Jack Bogle is the most important
investment figure of the past century.”
Arthur Levitt, former Chairman of the SEC: “Jack Bogle has given investors throughout the world more wisdom and
good financial judgment than any person in the history of markets.”
Tyler Mathison, Managing Editor of CNBC Business News: Bogle is not only the conscience of the mutual fund business, but its poet and prophet.”
“Paul Volker, former Chairman of the Federal Reserve: “Jack Bogle’s basic conviction that the mutual fund investor is
entitled, in his words, to a fair shake” should serve as the motto of every mutual fund.”
Tom Peters, co-author of “In Search of Excellence”: “Vanguard’s founder is, like his company, world-class in performance and straightforward and unaffected in manner.”
Don Phillips, Morningstar Managing Director: “A long-time student of the fund industry, Bogle is both its harshest critic
and its greatest friend, He is, in effect, the conscience of the industry.”
Jane Bryant Quinn, Author of Making the Most of Your Money: “I date my success as an investor from the day I met
Jack Bogle and learned about index funds.”
Knut Rostad, President of the Institute for the Fiduciary Standard: “Bogle’s prescriptions are straightforward, constant,
and valuable, enriching ordinary investors at the expense of the personal wealth of fund managers (his own included).
Paul Samuelson, Nobel Laureate: “I rank this Bogle invention--the index fund--along with the invention of the wheel,
the alphabet, Gutenberg printing, and wine and cheese.”
Gus Sauter, former Vanguard Chief Investment Officer: “Many, many investors are much better off today because of
Jack’s contributions.”