Gyroscopic Investing

An incredible man and a giant in the financial services industry. Truly the conscience of Wall Street.

Memory eternal!

My investing hero.

Some Tweet I saw somewhere but can no longer find pointed out that Bogle created a nonprofit with some 5 trillion dollars under management. The amount of money that is with retirees rather than in Bogle's pockets is staggering, making him one of the greatest "stealth philanthopers" of all time.

I like it. I like to think of Vanguard as a co-op,

I only met him one time. He was a true gentleman, a rarity and getting rarer.

That must have been a meeting never to be forgotten, Mountaineer.

He was a truly amazing man, and one of the great role models of our time. It's hard not to contrast his outlook and contributions with that of people in supposedly more philanthropic professions than Wall Street finance.

Tell us about it, Mountaineer!

dualstow wrote: ↑Thu Jan 17, 2019 9:06 am Tell us about it, Mountaineer!

I met Mr. Bogle at a Boglehead conference in Valley Forge, PA several years ago. I observed him graciously signing his books and briefly chatting with all who came by his table. He was completely humble and unpretentious, a rarity for one so well off and so highly regarded. I subsequently toured the Vanguard facility; everyone I met held him in very high regard.

I only know of him from a few Youtube videos. What I remember most is being impressed by how mentally sharp he still was for a man his age and I found that encouraging.

First heart attack at 31. His doctors didn't think he'd make it to 40.

Very nice, Mountaineer.

Xan wrote: ↑Wed Jan 16, 2019 10:24 pm Some Tweet I saw somewhere but can no longer find pointed out that Bogle created a nonprofit with some 5 trillion dollars under management. The amount of money that is with retirees rather than in Bogle's pockets is staggering, making him one of the greatest "stealth philanthopers" of all time.

You know, that's a really interesting thought.

Xan wrote: ↑Wed Jan 16, 2019 10:24 pm Some Tweet I saw somewhere but can no longer find pointed out that Bogle created a nonprofit with some 5 trillion dollars under management. The amount of money that is with retirees rather than in Bogle's pockets is staggering, making him one of the greatest "stealth philanthopers" of all time.

Kriegsspiel wrote: ↑Thu Jan 17, 2019 11:32 am You know, that's a really interesting thought.

EDITED:

Morgan Housel?
https://twitter.com/morganhousel/status ... 3259600896

Oh, that makes sense. Morgan Housel is an interesting thought factory.

Nice find, Dualstow. That's it, of course.

In an era that so often seemed to be defined by financial crooks, thieves, con men, and charlatans is it not simply amazing that one honest man could do so much good for so many?

jhogue wrote: ↑Thu Jan 17, 2019 1:19 pm In an era that so often seemed to be defined by financial crooks, thieves, con men, and charlatans is it not simply amazing that one honest man could do so much good for so many?

Well, all I did was repost it- oh, right. Mr Bogle.

dualstow wrote: ↑Thu Jan 17, 2019 2:24 pm

jhogue wrote: ↑Thu Jan 17, 2019 1:19 pm In an era that so often seemed to be defined by financial crooks, thieves, con men, and charlatans is it not simply amazing that one honest man could do so much good for so many?

Well, all I did was repost it- oh, right. Mr Bogle.

LOL!

Did you know this about John Bogle?

John Bogle on Quaker values
https://www.youtube.com/watch?list=PL-r ... g12PVgxKOw