Jack Bogle, Bloomberg Bloomberg, Marita Franco discussed on Up Front with Chris Citorik

Automatic TRANSCRIPT

Murray's defranco's. And you're listening to weekend. Live with Marita Franco, we are talking about financial freedom and the passing of a an icon. Hands down Jack Bogle who founded vanguard passed away this week. And did you know the actually he had six heart attacks? His first one was at the age of thirty one. He ended up having a heart transplant. So he died at eighty nine which I still think is young there are people living into their hundreds. So it's sad that he passed this week, but he leaves a phenomenal legacy. And I want to hear from you six one seven two five four ten thirty triple eight nine two nine ten thirty because there are very few people lake Jack Bogle who really practice what they preach who come up with an idea that changes literally millions of people's lives. You can't say that by about most politicians, you can't say that about most actors you can't say that about a lot of people, but this was transformative what he did. And like many people. Who try transformative ideas, they are not met with round the rousing applause and support when they first start out. Of course, everybody's a disciple. Once they they're successful. But they're late comers. And you know, not that authentic. But you here I'm just gonna read you this bit from Bloomberg Bloomberg article. That's if you want to check it out, call Jack Bogle, change your life. Even if you don't know who he was by Ben steverman, January nineteenth of two thousand nine nineteen. So I'm just going to quote from this. And I want to hear from you six one seven two five four ten thirty triple eight nine two nine ten thirty. Now, I'm quoting people thought he was crazy practically his only allies were academics. Economists like Nobel prize winner, Paul Samuelson and Princeton university's Burton Malki. L who thought the idea of index funds made a lot of sense money managers were charging big fees for the privilege of racking up media. Okay. Returns bogus concept with simple since it was nearly impossible to consistently beat the market. Why try just by large basket of stocks or bonds?.

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