Thursday, December 6, 2012

Bogle For Treasury Secretary...Yeah, I Know...Never Happen

"Jack Bogle built Vanguard into a $2.2 trillion behemoth by selling low-cost mutual funds. Invite him to lunch at a fancy New York City restaurant, and he orders a hamburger"


A dude that knows what the hell he is doing and probably doesn't make amateur mistakes on his tax returns...looking at you, Special Timmy....

"Bogle has met me to talk about his new book, The Clash of the Cultures: Investment vs. Speculation, in which he eviscerates most investing practices and much of what happens on Wall Street. "I don't pay attention to what others say. I say what I think," he tells me, while warily eyeing my Fall Roasted Root Vegetable Salad with petite lettuce, goat cheese, duck confit, figs, apple, and carrot vinaigrette. "I don't know how to do otherwise." (I think he wants to say something about my salad, but Jack does have some limits.)"

I <3 Vanguard.

Kenny Bing comment - it takes a certain amount of courage to follow your own voice and not worry about what the herd of lemmings is doing.

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