6 Quotes: John C. Bogle on capitalism, values, and virtue
John C. Bogle, founder of the Vanguard Group of Investment Companies, died yesterday at the age of 89. Bogle popularized the practice of indexing, the practice of structuring an investment portfolio to mirror the performance of a market yardstick, like the Standard & Poor’s 500 stock index. Bogle was a frugal man who championed virtues such as trust and thrift. He was also a philanthropist who gave half his salary to charity. “My only regret about money,” he once said,...