Warren Buffett Paid Tribute To Legendary Investors Jack Bogle Who Died At the Age 89
In a recent interview given by the top investor Warren Buffet paid his tribute to his fellow investor Jack Bogle who on Wednesday died at the age of 89. There are many investors in the industry, but very of them have got the title of legendary investor, and Jack Bogle was one of them. Warren Buffett who was giving an interview to the famous financial news channel asked by the interviewee about Jack Bogle, and he said: “Jack did more for American investors as a whole than any individual I’ve known in my entire life.” Warren Buffett said that there are many hedge fund managing companies on the wall street which charges a considerable amount of money for managing their funds and in return, they give almost nothing. However, Jack Bogle was one of those hedge fund managers who used to provide everything to its investors by charging nothing which is a great achievement.
Many people on wall street don’t know the concepts of value investments and Jack Bogle’s contributions were enormous to make investment popular among such people. Warren Buffett thinks that the one thing which he liked most the about Jack Bogle was his philosophy regarding investment because Jack successfully managed low fee investment firm which many people on the wall street can’t do. Investors are one of those people who have vast greed, and many of them lose their hard-earned fortune because of it, but Jack Bogle was one of those hedge fund managers who made many peoples rich with his steady growth mindset.
Warren Buffet thinks that If a statue is ever erected to honor the person who has done the most for American investors, then the first choice should be Jack Bogle. We also pay tribute to such legendary investors who made value investment more popular across the US.