Vanguard Founder Jack Bogle dies at 89

CNBC's Tyler Mathisen reports that Vanguard Founder Jack Bogle has passed away at the age of 89. The Fast Money traders weigh in. With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Mark Tepper, Dan Nathan and Guy Adami.

[MichaelJayValueInvesting]

"If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle." Warren Buffett

[titusabraham]

A great American. Thank you, sir for your life’s work by giving the average man access to investing in American business.

[CarnifaxMachine]

Warren Buffett said it best in his 2016 letter to shareholders:

"If a statue is ever erected to honor the person who has done the most for American investors, the handsdown choice should be Jack Bogle. For decades, Jack has urged investors to invest in ultra-low-cost index funds.
In his crusade, he amassed only a tiny percentage of the wealth that has typically flowed to managers who have promised their investors large rewards while delivering them nothing – or, as in our bet, less than nothing – of added value.

In his early years, Jack was frequently mocked by the investment-management industry. Today,
however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me."

[ogrig]

I'm from Russia and even on our corrupt market his ideas work. Thank you Jack!

[sebastianheine]

Thank you Mr. Bogle for making an affordable way for consumers to own a piece of the means of production. Your wise and calming words will be missed.

[hammertimee]

Not just Americans, but investors, pension funds, day traders, hedge funds, and institutions around the world took advantage of Vanguard's index funds to make money.

[bmxgram]

Rest in Peace Mr. Bogle, you have taught me a great deal.

[cultofthevoid]

RIP Jack Bogle. Vanguard indexes have helped make investing easier for myself and millions of other Americans and have been a way for the average man to get into the markets.

[finance]

This one man opened the door for all long term retail investors. Debunked the myths about active investing by proving it. Incredible life. RIP

[robertpohlman]

Jack Bogle did more good for the average American investor than anyone...ever. Did more to enable people to retire with dignity since FDR.

[WorldIsWierd]

Heart attack at 30 and maid it to 89. Crazy

[AmmanH]

Sad to see a great man who changed the way's of investing forever.

[com]

He has a zest for life and a quick intellect

[suman]

I am from India and This man was an angel for All small retail investors..
Rest in peace sir.... And thank you For teaching us About the Index Funds.. and saving our money....

[WealthyHealthyPro]

I only discovered of Mister Bogle's incredible work last year, and he mentored me on investing, through his various YouTube videos. Very fortunate to have lived in this great mans time.

[colin]

Knowing I wanted to invest, but having no idea how or where, I went to a bookstore to buy a book on the subject. I looked at several, but it was the "Little Book of Common Sense Investing" that went home with me. I could have just as easily chosen poorly. But that book totally changed my life and has driven my investing philosophy for over 15 years.

[trepan]

Jack Bogle knew all along his idea was right, the math was right, the concept was right. If he is Wall Street's enemy, he is my friend. RIP Jack.

[mr.d]

A great man, humble and wise, that affected the world in a very positive way. A great teacher and role model. RIP John.

[garysmith]

May he rest in peace. His wisdom lives on, even to newer investors. Full of great information and advice.

[Retiredmco]

No one, and I do mean NO ONE, did more to help ordinary investor's gain extraordinary wealth than Mr. John C. Bogle!! Thank you sir from the bottom of my heart.