Forbes - - Contents -

Vanguard founder John C. Bogle’s ofce is a ft­ting re­treat for the leg­endary in­dexer.

VANGUARD FOUNDER John C. “Jack” Bogle pi­o­neered pas­sive in­dex in­vest­ing, but his Malvern, Pa. ofce is a hive of ac­tiv­ity. Though he’s of­cially re­tired from the com­pany he built into a colos­sus, Bogle, 86, still spends most days here por­ing over data, re­ports and books to keep mak­ing his case that the best way to build wealth is buy­ing a broad in­dex fund, min­i­miz­ing ex­penses and ig­nor­ing the in­stinct to fd­dle. Any­one who thinks difer­ently ought to be­ware. Says Bogle: “I love a bat­tle.”

A signed page from Bill Clin­ton’s Back to

Work. In the 2011 book’s epi­logue, Clin­ton praises the Repub­li­can Bogle’s

push “to re­duce the ob­ses­sion of Wall Street and cor­po­rate Amer­ica with ‘short-ter­mism.’ ” To­day Bogle is work­ing with the Obama Ad­min­is­tra­tion on a new fdu­ciary stan­dard for

in­vest­ment ad­vi­sors. This por­trait of Bogle as Ad­mi­ral Nel­son ran in Amer­i­can Air­lines’ in-fight mag­a­zine in 2010. The pub­li­ca­tion sent him the orig­i­nal. Bogle has long been inspired by a trib­ute from Rear Ad­mi­ral Ho­ra­tio Nel­son to his troops af­ter the 1798 Bat­tle of the Nile be­tween the Bri­tish and French navies, de­picted

here. The sig­na­ture line—“from the deck of the HMS Vanguard”— gave the com­pany

its name.

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