John Bogle: Investing in Index Funds and Vanguard
An interview with John C. Bogle, the founder and former CEO of The Vanguard Group. In this interview John discusses actively managed funds and index, arguing why index are superior. John also covers what the non professional should do with his money to get the best investment. 📚 Books by John Bogle and his favourite books are located at the bottom of the description❗
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0:24 What was Vanguard like in 1974?
4:23 Are there people trying to confuse others?
5:26 Diminishment of long term investing
6:36 Anything good about trading?
7:09 What motivating high turnover in portfolio?
8:23 Any active managers doing the right thing?
10:53 How does a index fund work?
12:25 Is weighting by capitalisation a bad idea?
15:14 How many funds should a individual own?
20:09 Are you 84% in bonds?
22:30 Financial advice business
28:10 Fiduciary vs Salesman
32:44 When should a individual buy stocks
38:56 Have you ever bought individual stocks?
39:52 Appropriate amount of time to hold a bad investment
42:44 When should someone own a load fund?
44:00 Unified fiduciary standard?
46:11 Cultural features of Vanguard?
51:11 Lessons in succession
52:51 Optimistic for the future of Vanguard?
55:52 How are you spending your time now?