To: Veterans and Principals
From: John C. Bogle
Date: November 23, 2015
Re: “Distinguished Service to Humanity”
Last Thursday evening, November 19, I was honored by the National Academy of Social Sciences with their Gold Medal for Distinguished Service to Humanity. (They’ve been awarding these medals for 101 years.)
The award was based (as the attached dinner announcement states) on my “invention of the first index mutual fund.” I prepared my remarks well before the day of the dinner, and edited them to meet the time constraints of such events.
Nonetheless, I’ve had my talk reprinted in its entirety. I’m guessing that many of you will be interested in the creation of Vanguard, which quickly led to the creation of the world’s first index mutual fund.
Enjoy!
Happy Thanksgiving to all of you. We at Vanguard have so much to be thankful for!
Jack