John Clifton "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist.
He was the founder and chief executive of The Vanguard Group, and is credited with creating the first index fund.
An avid investor and money manager himself, he preached investment over speculation, long term patience over short term action and reducing broker fees as much as possible.
The ideal investment vehicle for Bogle was a low cost index fund held over a period of a lifetime with the reinvestment of dividends and dollar cost averaging.
His 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor became a bestseller and is considered a classic within the investment community.