Mr. Bogle recently posted his New Year’s message on the Bogleheads.org website.
He also sent out the message below to veteran Vanguard crew members:
To Principals and Veterans
Wrapping up 2008
For your information, I’m attaching the following documents:
1 – My December 10, 2008 speech to the Community College of Philadelphia.
2 – My essay on “Does the Free-Market Corrode Moral Character?” one of ten such essays prepared for the John Templeton Foundation. (All ten of these essays are available at www.Templeton.org/market.)
3 – A wonderful reaffirmation of my thesis that Wall Street subtracts value from society, in a New York Times article fairly described as “Bogle without the steroids.”
4 -Four of the more significant reviews of Enough. including an incredibly generous appraisal from Tom Peters. There must be a score of them-all favorable-in the blogosphere, but The New York Times and The Wall Street Journal have yet to oblige. (In today’s Information-Society, that may not even matter!)
i. Tom Peters
ii. Barron’s
iii. The WealthNet (subscribers only)
iv. TIME magazine5 – On December 27, Wellington Fund celebrated the 80th anniversary of its founding in 2008. With the death of State Street Investment Trust several years ago, we are now one of only three mutual funds that have endured for eight decades. In January, I’ll be updating my 75th Anniversary essay and circulating it among you.
Best wishes to all for 2009, which I have little doubt will be another year of challenge for the financial sector, our industry, and our firm.