John Bogle: China Will Catch Up and Pass the U.S.!
Channel: Finance Jane
Date: 2022-01-01

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 he talked about his opinion about China. He said China has very strong population growth and economy growth, and gradually it will catch up and pass the U.S. 

He also said that China has its own economical issues, e.g., too many houses are built based on debts, and people don’t move into these houses. This happened in the U.S. before.

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Attribution: “Bogleheads® Conference 2018 - John Bogle Q & A” by Bogleheads. Shared via a Creative Commons CC-BY license. https://youtu.be/eoNIaI7sZls

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

#indexfund #jackbogle #china