Vanguard Founder Jack Bogle's '90s Interview Shows His Investing Philosophy

Vanguard founder Jack Bogle was famous for making investing accessible to the everyday person through index funds – funds that match a market barometer like the S&P 500. His message was simple: why waste money on expensive fees and commissions for complex funds when market barometers often outperform them? That message remained remarkably consistent throughout his career.

Jack Bogle needed hefty amounts of brainpower and market know-how to put together the first index fund. But for investors wanting to cash in on his idea, it's become pretty easy.

In 1975, the founder of Vanguard Group, who died Wednesday, was able to turn a long-held belief into reality, namely that it was far more profitable to follow the market than fight it. Most mutual fund managers who picked stocks couldn't keep up with basic benchmarks like the S&P 500, much less beat them, he found.

So he turned his thoughts into action, putting together the first fund that simply followed the S&P 500, minus a small management cost that was much cheaper than the active funds of the day.

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Vanguard Founder Jack Bogle's 90s Interview Shows His Investing Philosophy

[CNBC]

How has Jack Bogle influenced your thoughts on investing?

[medievaltimes]

This man was such a benefit to me and my family. He taught me the importance of profit margins. I decided to make a career change and moved into drug trafficking.

[somchai]

Great man who could have made a fortune on the backs of his investors like the Johnson family at Fidelity. He chose to make his investors owners in his company and share the wealth.

[ashita]

The upstanding man in the world of wolves

[MrGravity]

What is the best way to profit from the current market, meanwhile I'm still undecided about investing $400k in my stock portfolio to get some dvidends and minimize risk

[wilsonton]

I'm sure Jack is preaching index funds in heaven! All the angels are going to be rich!

[RichardWilliam-iz]

Been watching, listening, and paying attention to all of predictions and forecasts since early Covid. He hasn't disappointed yet 👌

[veenus]

The man that revolutionized the investment industry. Thank you Mr. John Bogle for all you’ve done for the average Joe investor !

[LEVERAE]

RIP to a true hero of the index investor

[gregorywhem]

Investing prospects of a minimal sum of money can be both exhilarating and baseless. With the right approach, there’s a potential for significant wealth growth, Judging by this i'm still in search for suggestions as to a way to improve my retirement portfolio of $580k

[georgythayyil]

My teacher talked about this man in my Econ class, glad I decided to look into him more. He was a true hero to the public.

[mayambaibrahim]

I'm among the millions whose lives Bogle has changed for the better. You are sorely MISSED!

[TheNORegretShow]

One of the best things i ever heard Mr. Bogle say was. Why try and pick the needle in the haystack with a single stock. When you can just buy the haystack with the total stock market index fund.

[aminprasla]

I never comment on any videos.This is my first one. Thank you CNBC for putting this video, this man has truly inspired millions like me. If you notice what was said by Jack in 1990s is what he said in 2018 is all same (low cost, indexing and hold for long term). It holds true even after 20+ years. We all pray for Jack Bogle soul and eternal peace.

[terry]

OMG! this man was born in 1929, so he was in his 60s in this video, and look how sharp and well spoken he is!

[ciroromer]

CNBC can learn from Bogle....spending every day talking about what the stock market has done brings no value. Over time it will go up and nobody knows what it will do short time...even the so-called CNBC experts. Buy a broad index with money you don't need short term and don't look for 10 years. You will experience the miracle of compounding

[-vk]

I didn't know he had passed away, he really did give all investor's a "fare Shake", well done Jack, a life well served, God bless x.

[beaviswealth]

The greats of all time keep a consistent strategy because they often rely on investor psychology. Our society advances but everyone feels the same emotions.

[vijaygautam]

Legendary investor and thinker. May Jack Bogle rest in peace. His ideas on investing and wealth building will remain immortal.

[jasona]

Jack looks old af forever but his voice is his mind have been sharp at any age!