SEAT OF POWER: A TIGER’S LAIR
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