Friday , October 7 2022

Warren Buffett says that Jack Bogle did more for the individual investor than anyone who has ever met


"He turned, in a period of 30 years, many people into the right religion to invest", added Omaha's oracle. "And it's a good religion, it's worth it."

Buffett, 88, has long been a fan of Bogle because of his shared interest in sensible long-term investment.

The president and CEO of Berkshire Hathaway shared these words to Bogle in his annual letter widely read to shareholders two years ago:

"If a statue is erected to honor the person most profited by US investors, the choice should be Jack Bogle. For decades, Jack urged investors to invest in stock indices. low cost, has accumulated only a small percentage of the wealth that has usually flowed to the managers who have promised their investors great rewards, without giving them anything, or, as in our bet, nothing less, of added value. In his first years, Jack was frequently mistaken for the investment management industry. Today, however, he is pleased to know that it has helped millions of investors to obtain much better returns on their savings of what else they would have won. It is a hero for them and for me. "

I WILL SEE: Founder of Vanguard Jack Bogle dies at the age of 89

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