I’m sure you’ve heard over the past years of the whole argument of active versus passive portfolio management.
John C. Bogle (aka Jack Bogle) passed away today.
He was the founder of the Vanguard Group. In his first go-around at an IPO he went public with an expectation of raising for what, at the time, was called the “First Index Invest Trust”.
They raised $11 million dollars at their IPS versus the expected $150 million.
Regardless, doing year-over-year over just about anyone else….opening new funds…keeping fees low…the Vanguard Group (as of January 31st, 2018) now has $5.1 trillion dollars in assets under management.
This trust would go on to go by $VFINX aka the best retirement fund I advocate anyone allocates to.
There’s too many stories out there explaining his investment strategy…which is more or less to balance and leave yourself with some powder when you need it.
All I have to say is there goes another of our best, learn from his lessons.
To one of the best our field has ever seen. Beyond returns. Hope the cap gains are not too bad up there sir.
Cherish the ones you love; not talking heroes like Bogle here, I’m talking family.