Jack Bogle's last warning to the investment industry: 'Don't forget the little guy you serve'

📆 1/19/2019 7:03 PM
📰 CNBC

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Jack Bogle, the founder of index fund giant Vanguard Group, died Wednesday, Jan. 16. He left a warning. He was concerned that big passive fund managers were gaining too much control over the voting shares of U.S. corporations.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer: Jack Bogle was despised in the business and he loved it'He hated the way business was done in this country. He hated Wall Street,' MadMoneyOnCNBC's Jim Cramer said of the late Jack Bogle. 'There were a lot of people that were his enemies and a lot of them are praising him today. And they are two-faced.' Bogle LOVED the way business was done in this country - thats how Vanguard got so huge. Vanguard has lots of actively managed funds, they just do it cheaper Says the guy who called Eddie Lampert the next WarrenBuffett...
Source: CNBC - 🏆 12. / 72 Read more »

In his last major interview, Jack Bogle gave a warning about this bull marketJack Bogle, founder of index fund giant Vanguard Group, warned investors to prepare for 2019 by decreasing exposure to stocks and increasing investment in defensive strategies. Yeah but $NFLX earnings will show us how good the economy is doing
Source: CNBC - 🏆 12. / 72 Read more »