2 Burst results for "Jack Fogel"

"jack fogel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:01 min | 2 years ago

"jack fogel" Discussed on Bloomberg Radio New York

"Knight says she's proud to use her voice to unite and represent our country in her hometown of Atlanta this year Super Bowl will be played in Atlanta's Mercedes Benz stadium on February third this weekend. The Rams the saints and the patriots face the chiefs to see who will play in Super Bowl fifty three. I'm Bill Michaels Brazilian, supermodel turned environmental activists Zell Bunge shot back following criticism. By Brazil's, agriculture minister who accused bunging of tainting, the country's image abroad, the minister called the supermodel a bad Brazilian for denouncing deforestation and said that she would be happy to announce positive actions taken toward sustainable development. I'm Barbara Kusak. This is Bloomberg best Bloomberg best is about the insight and the context. Get from our guests is a great way to catch up on some of the stories. You might have missed on the Bloomberg stories, you're not going to find in any other news organization. Bloomberg best. Bloomberg's best stories of the day powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world from the Bloomberg interactive brokers studio, I'm June Grosso. And I'm Ed Baxter on this edition of Bloomberg. Best for Thursday, January seventeenth twenty nineteen. Then Dr founder, John Bogle has passed away. We speak at the company's CEO. He created this company where the owners for the actual people that we serve. So the interests were perfectly aligned and New York Republican Congressman Tom Reed discusses the government shutdown. There's no adult here that are sitting in trying to work out their differences. All this and more coming up in the next hour of Bloomberg best. I'm Doug krizner at Bloomberg world headquarters in New York. Let's check this hour's top business stories and the markets. China's ambassador to Canada has warned of repercussions. If while way technologies is excluded. From participating in Canada's next generation wireless network. He told reporters in Ottawa there is no evidence while way represents a national security risk. And he hopes the Canadian government will make a wise decision in allowing equipment to be used. Netflix reported sales growth below estimates. Even though there was a twenty-seven percent jump in sales to four point one nine billion at the same time net. Flicks forecast sales in the current quarter will also miss estimates. The stock was down more than five percent in late US trading. There was conflicting news in the last session with respect to the American strategy on U S, China trade talks, the Wall Street Journal reported on a debate in the White House as to whether or not to roll back tariffs on. Chinese imports. However, a short while later, the treasury said neither secretary Mnuchin or U S T R lighthizer have made any recommendations with respect to either tariffs or parts of the negotiating process with China. Salesforce dot com is said to be planning to add as many as fifteen hundred jobs in Ireland. We're told the company has had to lay out its I rish expansion plans as soon as Friday in Dublin we check markets every fifteen minutes here on Bloomberg right now. The yen weakening against the dollar at one zero nine thirty four on the lunch break, the Nikkei two twenty five is higher by more than one point three percent. In Hong Kong. The hang sang better. By one percent Chung. High composite is up six tenths of one percent, the kospi better by more than one half of one percent. And the ASX two hundred is higher by nearly six tenths of one percent. Global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. This is Bloomberg. Jack Fogel, the men who founded vanguard and virtually created the world of passive investing has passed away. And Jim Bloomberg's David Westin. Spoke with the CEO of vanguard, Tim Buckley on the legacy. Of Bogle, Jack bolo was really responsible for one very great idea, which was creating a mutual fund that was indexed tied to an index. Where did he come up with that idea? I'll give you his bigger idea was actually create a company that was actually owned by its investors owned by its clients. So to create vanguard he created this company where they're the owners were the actual people that we serve so the interests were perfectly aligned, and so whether you offered an index fund or whether you offered an active fund your interest for making sure that you kept costlo and gave that client the best return. They could get and now the index funniest coming along. Yeah. He was always a great academic. And so when he created vanguard any I should say that the roots of the creation of vanguard and of the index fund, you can find that all the way back in his thesis back at Princeton at the same time as I understand it. There was a time early in his career where he was a big believer in. Paying really top dollar for advice, not competing down on the price of the investment advice what causing changes mind. Well, look, I I met Jack Bogle in one thousand nine hundred ninety one as his assistant I was fresh out of school. And by that point, he had learned a powerful lesson that the markets are really really tough to be especially over the long term. And there's nothing like being the converted. So he had learned how costs could eat away at returns and learn how Tuffah was to outperform the market after costs. In fact, a lot of the work. I did early with them was really about that proving that low cost matter as a result of that insignificant part passive investing just took off like a rocket at the same time. There are some people who are concerned it may have gotten too big. I talked to Sam Zell the famed investor this morning about Jack Bogle who had wonderful things to say. And this is part of what he had to say about an investing. I think that.

Bloomberg John Bogle vanguard Bloomberg interactive brokers Bloomberg world Jim Bloomberg China New York CEO Bill Michaels Brazilian Zell Bunge Brazil Barbara Kusak Sam Zell Atlanta Mercedes Benz stadium Canadian government patriots Congressman Tom Reed
"jack fogel" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:53 min | 2 years ago

"jack fogel" Discussed on Bloomberg Radio New York

"Any new beer, you release can across state lines. The federal government has approved the label, and you know, it's typically two to three week process, but with the shutdown in its fifth week. No one's behind the desk approving labels after the bell. We heard from Netflix shares slipped in late trading. Fourth quarter revenue came in below Wall Street estimates and American Express reported revenue for the fourth quarter that met the average analysts estimate. Stocks higher SNP up nineteen up eight tenths of one percent. Dow Industrial's up one hundred sixty two up seven tenths NASDAQ up forty nine. Also, a gain of seven tenths of one percent. I'm Charlie Pellett. That's a Bloomberg business flash. Bloomberg best with June Grosso. So and Ed Baxter continues. Jack Fogel, the man who founded vanguard and virtually created the world of passive investing has passed away. And Jim Bloomberg's David Westin. Spoke with a CEO vanguard, Tim Buckley on the legacy of Bogle. Jack Rollo was really responsible for one very great idea, which was creating a mutual fund that was indexed tied to an index. Where did he come up with that idea? Well, I'll give you his bigger idea was actually create a company that was actually owned by its investors owned by its clients. So to create Vanguardia created this company where they're the owners for the actual people that we serve so the interest were perfectly aligned, and so whether you offered an index fund or whether you offered an active fund your interest for making sure that you kept costs low and gave that client the best return. They could get and now the index fund is coming along. Yeah. He was always a great academic. And so when he created vanguard in any I should say that the roots of the creation of vanguard and the index fund you can find that all the way back in his thesis back at Princeton at the same time. As I understand that. There was a time early in his career where he was a big believer in paying really top dollar for investment advice, not competing down on the price of the investment advice. What caused the change his mind? Well, look, I I met Jack Bogle in nineteen Ninety-one as his assistant. I was fresh out of school. And by that point, he had learned a powerful lesson that the markets are really really tough to be especially over the long term. And there's nothing like being the converted. So he had learned how costs could eat away at returns and learn how tough was to outperform the market after costs. In fact, a lot of the work. I did early with them was really about that proving that low cost matter, and as a result of that an insignificant part passive investing just took off like a rocket at the same time. There are some people who are concerned it may have gotten too big. I talked to Sam Zell the famed investor this morning about Jack Bogle who had wonderful things to say. And this is part of what he had to say about past an investing. I.

Jack Bogle vanguard Bloomberg Jack Rollo Jack Fogel Jim Bloomberg federal government Netflix Sam Zell late trading June Grosso Tim Buckley Charlie Pellett Ed Baxter American Express Dow Industrial CEO David Westin