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BUFFETT: Jack Bogle is going to save American investors ‘100s and 100s of billions’

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BUFFETT: Jack Bogle is going to save American investors ‘100s and 100s of billions’

Jack Bogle Vanguard

REUTERS/Shannon Stapleton

Jack Bogle, founder and retired CEO of The Vanguard Group, speaks during the Global Wealth Management Summit in New York June 17, 2014.

Billionaire investor Warren Buffett kicked off the proceedings at the Berkshire Hathaway 2017 Annual Shareholders Meeting with some high praise for a fellow stock market icon.

He told attendees that Jack Bogle, the creator of the first index fund, has “probably done more for the average investor than probably any man in the country,” citing lower fees combined with solid returns through investing in index funds.

Bogle, who founded passive-investment behemoth Vanguard, has put “10s and 10s and 10s of billions into their pockets, and those numbers are going to be 100s and 100s of billions over time,” Buffett continued to rave.

It isn’t the first time Buffett has lauded Bogle’s efforts to shape the modern investment landscape. In a shareholder letter published earlier this year, he called Bogle a “hero,” and touted the merits of low-cost S&P 500 index funds.

The compliments were a nice early birthday present for Bogle, who turns 88 years old on Monday.

Buffett will continue answering shareholder questions throughout the day. Stay tuned.

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

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Jack Bogle Vanguard

REUTERS/Shannon Stapleton

Jack Bogle, founder and retired CEO of The Vanguard Group, speaks during the Global Wealth Management Summit in New York June 17, 2014.

Billionaire investor Warren Buffett kicked off the proceedings at the Berkshire Hathaway 2017 Annual Shareholders Meeting with some high praise for a fellow stock market icon.

He told attendees that Jack Bogle, the creator of the first index fund, has “probably done more for the average investor than probably any man in the country,” citing lower fees combined with solid returns through investing in index funds.

Bogle, who founded passive-investment behemoth Vanguard, has put “10s and 10s and 10s of billions into their pockets, and those numbers are going to be 100s and 100s of billions over time,” Buffett continued to rave.

It isn’t the first time Buffett has lauded Bogle’s efforts to shape the modern investment landscape. In a shareholder letter published earlier this year, he called Bogle a “hero,” and touted the merits of low-cost S&P 500 index funds.

The compliments were a nice early birthday present for Bogle, who turns 88 years old on Monday.

Buffett will continue answering shareholder questions throughout the day. Stay tuned.

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NOW WATCH: How our universe will end: ‘The black holes will eat up everything’

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2pgQysP

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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