New Speech Added
Mike - Apr 30, 2014

Mr. Bogle spoke at the Community Forum Distinguished Lecture Series at the Bryn Mawr Presbyterian Church on April 28, 2014. Please enjoy the speech!

Financial Reform: Investment Standards and Ethical Values


Bogle on CNBC
Mike - Apr 29, 2014


CNBC 25
Mike - Apr 29, 2014


Bogle to speak at BMPC, Monday April 28, 7:30 PM
Mike - Apr 17, 2014

Bogle_BMPC


John C. Bogle to Speak at Bryn Mawr Presbyterian Church
Mike - Apr 17, 2014

John C. Bogle will speak at the Bryn Mawr Presbyterian Church on Monday, April 28, at 7:30 p.m. Below is some additional detail about the event from bmpc.org.

 

Finance Icon John C. Bogle to Speak at Bryn Mawr Presbyterian Church

BRYN MAWR, Pa. (April 10, 2014) – As part of its Community Forum Distinguished Speaker Series, Bryn Mawr Presbyterian Church will host John C. Bogle, founder and former CEO of the Vanguard Group, Inc., on Monday, April 28, at 7:30 p.m. as he speaks on the topic of “Financial Reform: Investment Standards and Ethical Values.”

At Vanguard, Bogle pioneered low-cost index investing and no-load mutual funds. He is the author of ten books, including The Clash of the Cultures: Investment vs. Speculation and The Little Book of Common Sense Investing, and is currently president of Vanguard’s Bogle Financial Market Research Center.

In The Vanguard Experiment: John Bogle’s Quest to Transform the Mutual Fund Industry (1996), biographer Robert Slater describes the life of John Bogle as “evolutionary, iconoclastic and uncompromisingly committed to his founding principles of putting the interests of the investor first and constructively criticizing the fund industry for practices that run counter to low-cost, client-oriented mutual fund investing.” Bogle questions, among other issues, current practices in executive compensation, political donations, and marketing expenditures.

This free event will be held in the church Sanctuary and is open to the public. Reservations are not necessary. For more information, visit www.bmpc.org or call 610–525-2821.

About Bryn Mawr Presbyterian Church
Bryn Mawr Presbyterian Church (BMPC), located at 625 Montgomery Avenue, Bryn Mawr, Pa., was first organized by 16 men and women in 1873, and today serves as a Christian community of more than 2,500 members of all ages. Known for its open-minded and inclusive theology, the church provides opportunities to connect with God’s word in Sunday worship services, Sunday school, adult education classes, youth activities, confirmation class, fine arts or music, interest groups, and community service/outreach activities, and serves as a place to gather, learn, and serve God. For more information about Bryn Mawr Presbyterian Church, please call 610–525-2821 or visit www.bmpc.org.

Contact:
Donna Barrickman, Communications Director
610–525-2821, ext. 8809
DonnaBarrickman@bmpc.org This email address is being protected from spambots. You need JavaScript enabled to view it.

###

A high-resolution photo of John C. Bogle is available here. (To save the photo, right click and select “Save Image As”)


A Memo from John Bogle
Mike - Apr 16, 2014

To:          Veterans and Principals

From:    John C. Bogle

Date:     April 15, 2014

Re:         More Recognition for Our Firm, Part II

This follow-up note to my mailing of April 10 includes five more recent articles from the press:

1) “Vanguard Founder Discusses How to Invest.” This interview in Investor’s Business Daily was published on April 2. While several of the quotes are a bit casual (if not mystifying!), the overall tone of the story is highly positive.

2) “Michael Lewis is Wrong About Rigged Markets.”  Jonathan Berr’s April 3 story in Moneywatch is yet one more contribution(?) to the huge publicity campaign that kicked-off Flash Boys. While I didn’t have the benefit of knowing the opinion of later commentators, my position is not much different from those of Burton Malkiel, Arthur Levitt, Morningstar’s John Rekenthaler,  and other thought leaders.

3) “On Smart Beta, Smart Skeptics.” James Green’s thoughtful story in Investment Advisor magazine (March 31, 2014). Of course, my response is blunt—smart beta is a “marketing gimmick.” Might as well be honest!

4) “Vanguard Beats BlackRock . . .” Christopher Condon’s article in Bloomberg Business Week (April 1, 2014) is one more long, well, “commercial” for our firm, its mission, and the work we all do. It is surely a rare quarter when we capture 90%(!) of all ETF cash flows as we did in the three months ended March 31, 2014, but of course there’s a message there.

5) “The Inevitable Standard.” Investment News, April 7, 2014. The “Inevitable Standard” cited in Mark Schoeff Jr.’s perceptive story is a federal standard of fiduciary duty—something I’ve been seeking for many years. I’m certain that my dream will come true . . . some day.

 Keep fighting the good fight!

Best, always

                 Jack


Memo to Veterans and Principals
Mike - Apr 14, 2014

To: Veterans and Principals

 From: John C. Bogle

 Date: April 10, 2014

 Re: More Recognition for Our Firm

             The spate of attention focused on Vanguard that took me three consecutive mailings to send you (on March 4, March 5, and March 6, 2014) subsided. But, surprisingly, it resumed about 10 days ago, although this note requires only two mailings. This is the first such mailing; the second will be circulated on Tuesday, April 15.

 1)      “The Inspiration for John Bogle’s Great Invention.” On March 5, The Wall Street Journal’s MarketWatch began a series called “Things Written Long Ago That I Wish I Had Read Long Ago.” The first essay in the series was columnist George Sisti’s piece on Paul Samuelson’s essay, “Challenge to Judgment,” published in the very first issue of The Journal of Portfolio Management in 1974. As many of you know, it was this essay that helped inspire the creation of the world’s first index mutual fund. To this day, I remember in considerable detail this remarkable piece, and the credibility that this brilliant Nobel Laureate brought to my forthcoming creation.

2)      “You Don’t Know Jack: The Education of Jack Bogle.” On April 4, the Philadelphia Business Journal published this lengthy interview, focused on Vanguard’s history and my long career. Perhaps I was a bit too honest in responding to the final question, but that kind of candor is a small price to pay for the credibility that Vanguard has established with the press and the public.

3)      “Bogle: Tilt To Corporates for More Yield.” Olly Ludwig, financial editor of ETF.com (formerly IndexUniverse.com, not, for me, a happy change!) covers a wide range of issues relating to Vanguard and the fund industry. Some of the numbers are a bit garbled, but you’ll get the point. Despite another bit of controversy, stories don’t get much more positive for our firm than this one.

Happy reading! More to come.

 Best,

                                          Jack   


John Bogle to appear at the Hard Rock Cafe for Inside the Reporter’s Notebook
Mike - Apr 08, 2014

Inside the Reporter’s Notebook: John Bogle, founder of Vanguard

Jeff Blumenthal of the Philadelphia Business Journal interviews Vanguard founder and investment icon John Bogle live on stage at the Hard Rock Cafe

When: Wednesday, May 7, 2014,

8:00am-9:30am

Where: Hard Rock Cafe Philadelphia

1113-31 Market Street Philadelphia PA 19107

Suggested Dress: Business Professional

Please click here for additional details.