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Jack Bogle Remembered on Masters in Business (Podcast)

Masters in Business

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The Intelligent Investor by Graham, Peter Bernstein's Against the Gods by Graham.

I think when I came into this industry in 1951, it was a much better industry than it was thereafter. The big part of that change was in the GoGo era. When we had this idea, we went from investment committees, prudent investment committees, buying blue chip stocks to portfolio managers,. Comets and not stars, comets that burn out and their ashes drift gently down to earth. That's happened to so many, so many comet managers. You could hardly lose count. And you wonder, the real superstars just don't stay there.

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