Jack Bogle Sounds Off: 10 Provocative New Pronouncements from the Legendary Founder of Vanguard

Jack Bogle Sounds Off: 10 Provocative New Pronouncements from the Legendary Founder of Vanguard: “I’ve seen this go from an industry that sells what it makes to an industry that makes what will sell,” he said. He dated that switch to the late 1950s, when a court decision allowed fund management firms to become public companies beholden to their corporate shareholders as well as to the shareholders of the funds. In launching Vanguard, which is unusual in being a mutual company owned by the Vanguard funds and fund investors, he said, “I did my best to disrupt an industry that was sadly in need of disruption.”