John C. Bogle, American businessman, investor, and philanthropist (born 1929)

John Clifton "Jack" Bogle was an American investor, business magnate and philanthropist. He was the founder and chief executive of The Vanguard Group and is credited with popularizing the 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. An ideal investment vehicle for Bogle was a low-cost index fund representing the entire US market, held over a lifetime with dividends reinvested.

January 16 is the 16th day of the year in the Gregorian calendar; 349 days remain until the end of the year.