Jack (John) Bogle talks about how to invest during challenging times in the market. Bogle is the founder of Vanguard and is considered the father of the index fund. Index funds are a way for investors to diversify their invests in a low cost way. This speech originally took place in 1997.
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43 Comments
Most popular Peter Lynch video this year. Check it out. 🔽
https://youtu.be/ZQMAEFMZb5c
Mr. Bogle just explained principles so simple. Yet you go to college for years to understand business basics🤔😊
What a fantastic human being Jack was aside from his business acumen. RIP Jack
RUMSPRINGA. Where is the Sun and the Moon ? 30×12= 360. The clock. The section of pie accordingly to the globe. The 5 elements and follows…
What is MEME
That is 2021
This could have been made in 2022, just substitute GE with Apple, Merk with Amazon, etc…
Oooooh, so was that C…a's plan for 2020! Not.
The Wired article turned out to be amazingly accurate these 25 years later.
nice
Keep emotions in check…still as true today as it was then
🧡💛💚💙 Jack Bogle was the original Bitcoin bull. Thankyou Jack, we are long because of you! 🙏
25 years later is around now or so and meme…love it
Say derivative three times into a mirror and this guys rant gets out of your head.
Stocks up 2,900% since 1966 in price. Stocks down 50% in value, gold price, since 1966, down from 28 ounces of gold to 14 ounces of gold, revealing the true and real nature of America, down 50% since 1966. We are living in a fantasy of a debt bubble. We are taking in each others laundry and making videos to entertain each other. Are we living a lie? Yes we are. Debt as money is a lie. I have to join the group think of the globalist Nazis or be excluded and thrown under the bus. Protect yourself.
Fantasy and faith is more valuable than reality and real customers. Fed will create infinite quadrillions in debt price as the gold or real price,, FALLS. We can't fail because there is no gold. The prices can go to infinity. Billionaires become Gods. Main Street families collapse. No one cares. What a great world. Tech Gods live on subsidies by counterfeiting currency. It's fraud, a deception, based on debt bubbles. Protect yourself. We are being taken over by currency counterfeiters. Google really is evil.
I love Jack Bogle, but he's being duplicitous here…or he will be in just another few years. In this video, and many others, he says don't try to time the market and just ride the corrections out. Buy and hold and disconnect your impulse to sell or time the market. But, just 3 years after this speech in the year 2000, he did just what he advised others not to do. He cashed out of his stock holdings because he thought valuations were too high and that the dot com bubble would pop. He was right of course and got lucky by not following his own advice. What would he say about valuations today, especially under the economic backdrop we've been living in for a year now?
He calls 1997 "interesting times." He would see much more interesting times in 2000, 2008 and almost made it to 2020 for the most interesting time of all.
Right now, index funds and some stocks are so overvalued. Is he proposing we should still invest in them? Instead of waiting for the market to correct itself?
Has anybody got a reference to the Wired article that Jack is referring to or who wrote it? Sound incredibly prescient now.
What year was this speech given?
Simple. Just keep buying.
did not expect to hear about le memes in this video. also lol at that article he read, its 2020 and that utopia is actually making things worse
How interesting that the world is full of memes now.
Wired.com was absolutely right
China prediction came true. Sell have cash ready to buy up the fallout.
"Invest in bonds" didn't age well! There's no way he could have known and he would have changed his tune.
Summary as per my understanding —
1. A Meme is the basic unit of cultural evolution.
2. Invest you must as the real and biggest risk is of not investing.
3. Never think you know more than the market does.
4. Compound interest is a miracle and time is your friend.
5. Have rational expectations of future returns and be mentally prepared for market declines.
6. Your emotions can kill you and Impulse is your foe.
7. Rely on simplicity, simplicity above all. Have emphasis on controlling costs.
8. No matter what happens, stay the course.
6:01 China develops as world's largest economy by 2020 … Some of the high flying speculations do come true from time to time I guess.
What a gem of a video. Brilliant man with brilliant advice!
The market didnt crash for 2 more years. So he was 2 years off… so nobody knows when its gonna come down in reality.
I refuse to believe he's dead. He's living through his enormous wisdom, generosity, and creativity. He's been blessed by millions of people and I send him my blessing every time I open my bank account. The saint of Wall Street, the Robin Hood, the only person in the whole financial world who truly had my interest and yours in mind. The man who made financial liberation possible for the average Joe and Jane like me and you. My deepest respect for this man not only larger than life but larger than Wall Street.
"This too shall pass away"
"China develops the largest economy by 2020" Pretty accurate predictions if you ask me.
Yikes!
"It could happen, but I wouldn't bet the ranch on it" of course I hope for miracles, but the likelihood of miracles is a difficult probability to calculate. The probability of mean reversion is nearly 99% if you're not fussy about the timing… always have a little dry powder.
wish you would put the date of this presentation as well as the date of the interview with Peter Lynch on PBS and the name of that interviewing show. Charlie whatever his name was…
We all know now, markets skyrocketed for more than two years before the bubble de inflated. Markets can be irrationals for much longer than we can be solvent (cit.)
He was red flagging the market even before several rounds of QE. The US was in the midst of a government surplus around the time of this presentation.
oddly whats happening now…
I have written down John Bogles 5 principles and each day I sit at my desk, they shall be a reminder.
Respect for this man! He knows what he’s saying and also he recited the whole url of wired 😯 also he knows about memes 😂
Thank u very much for sharing these priceless videos of immense wisdom and knowledge 🙏🏽