Guest: John Bogle
JOHN BOGLE, who founded the Vanguard Group of investment companies died Wednesday at his home in Bryn Mawr, just outside of Philadelphia, at the age of 89. He revolutionized investment and popularized the concept of “low cost indexing.” He was a guest on our show several times to talk about the greed he saw on Wall Street, and how to help regular people invest their money. He was also an early whistle-blower about the 2008 financial meltdown. So we’re bringing you Marty’s last conversation with Bogle, recorded in 2012, when he joined us to discuss his book, The Clash of the Cultures: Investment vs. Speculation.