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.
Clifford Asness , who runs AQR Capital Management LLC, one of the world’s biggest hedge funds, says fellow fund managers gouge their clients by charging exorbitant fees for just tracking the markets. He also takes a dim view of the administration of President Barack Obama , calling his economic team “Cossacks on a shtetl,” a reference to the Russian cavalrymen who sacked Jewish villages in Eastern Europe in the 19th century.
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.
John Bogle, the founder of mutual fund company Vanguard Group Inc. who popularized index investing, and former Federal Reserve Chairman Paul Volcker discuss the U.S. financial system and investor confidence.
The skunk works at IShares’ headquarters in San Francisco is buzzing. Researchers in the development lab pore over data flashing across computer screens while colleagues refill their mugs at the coffee bar and huddle in conference rooms illuminated by translucent blue partitions.