Bogle to discuss building a better financial world
Posted April 24, 2009; 12:45 p.m.
Jack Bogle, a 1951 Princeton graduate who is founder and retired CEO of the Vanguard Group, will speak on "Aspiring to Build a Better Financial World" at 7:30 p.m. Thursday, April 30, in McCosh 10.
Bogle, who currently is president of the Bogle Financial Markets Research Center, created Vanguard in 1974 and served as chairman and CEO until 1996 and then senior chairman until 2000. He had been associated with a predecessor company since 1951, immediately following his graduation from Princeton, magna cum laude in economics.
The Vanguard Group is one of the two largest mutual fund organizations in the world. Headquartered in Malvern, Pa., Vanguard comprises more than 120 mutual funds with current assets totaling more than $1 trillion. The Vanguard 500 Index Fund, the largest fund in the group, was founded by Bogle in 1975 and was the first index mutual fund.
The story of Bogle's life and career is told in "John Bogle and the Vanguard Experiment: One Man's Quest to Transform the Mutual Fund Industry" by Robert Slater (1996).
In 2004, Time magazine named Bogle one of the world's 100 most powerful and influential people, and Institutional Investor presented him with its Lifetime Achievement Award.
The free talk is part of the Jake McCandless '51 Princeton Varsity Club Speaker Series.