{"id":1038,"date":"2015-07-24T08:19:03","date_gmt":"2015-07-24T13:19:03","guid":{"rendered":"http:\/\/johncbogle.com\/wordpress\/?p=1038"},"modified":"2015-07-24T08:20:53","modified_gmt":"2015-07-24T13:20:53","slug":"memo-to-veterans-and-principals-5","status":"publish","type":"post","link":"https:\/\/johncbogle.com\/wordpress\/2015\/07\/24\/memo-to-veterans-and-principals-5\/","title":{"rendered":"Memo to Veterans and Principals"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>To:\u00a0\u00a0\u00a0 Veterans and Principals<\/strong><\/p>\n<p><strong>Date: January 28, 2014<\/strong><\/p>\n<p><strong>RE:\u00a0\u00a0 <em>FORBES<\/em> Article<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>I\u2019m attaching a rather remarkable 5-page essay published by <em>FORBES<\/em>, written by its former editor, William Baldwin. While it is titled <a href=\"http:\/\/www.forbes.com\/sites\/baldwin\/2015\/01\/21\/is-vanguard-too-successful\/\" target=\"_blank\"><strong>\u201cIs Vanguard Too Successful?\u201d<\/strong><\/a>, I\u2019m not sure that headline captures what it is really about.<\/p>\n<p>In fact, Bill\u2019s story is about the creation of Vanguard, our astonishing rise to industry dominance, and the powerful role played by index funds in our growth. The author wonders if index fund have become too dominant, and are riding for a fall. I\u2019ll be debating this issue with Jim Grant (<em>GRANT\u2019S Interest Rate Observer<\/em>) at his Spring 2015 Conference in New York City on April 7.<\/p>\n<p>I found the article especially well written, and I commend it to you. Enjoy!<\/p>\n<p><strong><em>John C. Bogle<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; To:\u00a0\u00a0\u00a0 Veterans and Principals Date: January 28, 2014 RE:\u00a0\u00a0 FORBES Article \u00a0 I\u2019m attaching a rather remarkable 5-page essay published by FORBES, written by its former editor, William Baldwin. While it is titled \u201cIs Vanguard Too Successful?\u201d, I\u2019m not sure that headline captures what it is really about. In fact, Bill\u2019s story is about [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15,5],"tags":[],"class_list":["post-1038","post","type-post","status-publish","format-standard","hentry","category-memos-to-principals-and-veterans","category-press-clippings"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts\/1038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/comments?post=1038"}],"version-history":[{"count":2,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts\/1038\/revisions"}],"predecessor-version":[{"id":1040,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/posts\/1038\/revisions\/1040"}],"wp:attachment":[{"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/johncbogle.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}