As Robert Arnott was deciding whether to start his own investment firm, he met with his hero John Bogle for dinner. At a steakhouse in downtown Philadelphia in 2001, the founder of indexing powerhouse Vanguard Group Inc. spoke with enthusiasm about running his own firm. Bogle, who’s now 82, told Arnott that starting a company could be rewarding once your investing ideas catch fire.
Together they have 120 years experience in financial markets. John Bogle, 82, popularized index investing. Paul Volcker, 84, broke the back of 15 percent inflation as Federal Reserve chairman in the 1980s.
John Bogle , a 1951 Princeton University graduate and founder of Vanguard Group Inc., says he never underestimates his alma mater, even today when the basketball team takes on the seven-time national champion University of Kentucky.
John Bogle, the founder of mutual fund company Vanguard Group Inc. who popularized index investing, said it’s impossible to have a bond market bubble because investors can expect to receive their money back when the bond matures.