Jack Bogle: Are Index Funds Parasites?
Channel: Finance Jane
Date: 2022-03-20

John Clifton "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group, and is credited with creating the first index fund. 

An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible. 

The ideal investment vehicle for Bogle was a low-cost index fund held over a period of a lifetime with dividends reinvested and purchased with dollar cost averaging.

In this video, Bogle talked about why index funds are not parasites. 

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The Snowball: Warren Buffett and the Business of Life- https://amzn.to/3Fnw5dq

The Essays of Warren Buffett: Lessons for Corporate America- https://amzn.to/3sjSghk

The Little Book of Common Sense Investing by John Bogle- https://amzn.to/3so3W2z

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Attribution: “Bogleheads® Conference 2013 - John Bogle Q & A” by Bogleheads. Shared via a Creative Commons CC-BY license. https://youtu.be/IfIu5BKQjts

Warning: This video is to show you John Bogle’s view about index funds. Please do your research before doing any investment. A good balance between return and risk is the key to investment success.

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