Bogleheads On Investing Podcast Episode 001: John C. Bogle, host Rick Ferri
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Sep 14, 2018 
John C. Bogle, founder of Vanguard and the innovator behind the world's first index fund, shares his remarkable journey from Princeton to shaping low-fee investing. He discusses the transformative impact of Vanguard, the growth of traditional index funds, and the importance of simple, cost-effective strategies. Bogle reflects on his leadership legacy and the evolution of mutual funds, while also addressing the role of social media in spreading investment knowledge within the Bogleheads community. It's a captivating exploration of investment philosophy and industry changes.
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Licensing the S&P 500
- When licensing the S&P 500 for the first index fund, John C. Bogle negotiated a $25,000 annual fee.
- In retrospect, S&P may have undervalued the increased attention the index would receive.
Municipal Bond Indexing
- High trading costs in municipal bonds make indexing an attractive option.
- Consider using Vanguard's long-, intermediate-, and short-term municipal bond funds as benchmarks or investments.
Go-Go Era Mistake
- During the "go-go" era, John C. Bogle brought in growth managers to Wellington, leading to poor fund performance.
- This decision, though initially seeming like a mistake, ultimately paved the way for Vanguard's founding.