In mid-August, The New York Times published a story on Jack Bogle ’47 and Vanguard, Inc., the company he founded. The article, entitled “A Mutual Fund Master, Too Worried to Rest,” details Mr. Bogle’s dedication to protecting investors and supporting his alma maters, Blair Academy and Princeton University.
In addition to talking about the problems that have caused world financial systems to malfunction, he discusses how Vanguard’s client-owned approach has made the company uniquely successful. He also highlights the importance of fixing the financial system and offers investors sound advice, something into which delves deeper in his eleventh book, The Clash of the Cultures: Investment vs. Speculation.