R.I.P. Jack Bogle.

Vanguard’s founder Jack Bogle contributed so much to each of us in the investment industry that it is impossible for me to know where to begin.

In my case, it is perhaps a little easier to understand Jack’s importance in the investment industry because I was there when Jack founded Vanguard.

In the Summer of 1971, Jack was still with his former employer, Wellington Management. Wellington was then, and remains today, based in Boston. And Jack’s firm was my favorite institutional research and trading client.

Today, nearly 50 years later, I deal with a Jack Bogle firm nearly every business day every week. It is darn hard not to be extremely sad about the passing of a man who has been such an integral part of the business activities of my companies.

R.I.P. Jack.

Richard C. Young