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Founder of Vanguard: Chances of Recession is high
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host on 14 December, 2007 11:45:00
 
John Bogle at Wikipedia
The Vanguard Group
Index fund
John Bogle\'s Blog
A 2005 Time Q&A Article
Mr. Bogle answered questions fielded by Fortune readers and journalists and gave
his opinion.
Here are few of his comments:
Consumers took $5 trillion out to real estate between 2001 and 2005 and that
will not recur.
Best advice he got on investment business: “Nobody knows nuthin [about the
market certainly not in the short run]”
On financial services, law and government: These institutions take money out of
society, and reallocate it, but are a drag on society.
On hedge fund investing for small investors: “It would be foolish for nearly
every individual investor, especially those with modest means, to try to invest
in a hedge fund.”
On declining dollar: “The dollar is a shadow of what it used to be, but that
will not go on forever. I'm not sure that a US investor, getting paid in
dollars, buying gas in dollars, has a particular need to hedge against the U.S.
dollar.”
Read the complete article.