John “Jack” Bogle
Famous Quote:
“The grim irony of investing is that we investors as a group not only don’t get what we pay for, we get precisely what we don’t pay for.”
Age: 89 , Founded The Vanguard Group
Assets Under Management (AUM): $5.1 trillion
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This investor is an absolute legend in that he founded a company that is essentially a household institution at this point in time: The Vanguard Group. Most Americans at least recognize this name as a source of low-cost mutual fund investments, but John “Jack” Bogle is known for so much more than that. In fact, Fortune magazine named him as one of the “four investment giants of the 20th century” back in 1999, and his book “Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor” is a widely-read classic that’s highly regarded in the investment community.
Bogle is perhaps most noted for founding the first index mutual fund that was available to the general public – which happened in 1976 when he founded the Vanguard Investment Trust, which would later become the Vanguard 500 Index Fund.
Next Slide – This Legendary Investor’s Company has
$752.3 BILLIONS Under Management
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Bill Miller
Famous Quote:
“Value investing means really asking what are the best values, and not assuming that because something looks expensive that it is, or assuming that because a stock is down in price and trades at low multiples that it is a bargain”
Age: 68 , former Chief Investing Officer of Legg Mason Capital Management
Assets Under Management (AUM): $752.3 billion
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One short phrase comes to mind when one thinks of Bill Miller: track record. When it comes to winning streaks, Mr. Miller is one of the most widely-known successes in the investment community. For 15 solid years, between 1991 and 2005, his Legg Mason Value Trust beat the S&P500’s yearly return. Back in 1999, he was named the “Fund Manager of the Decade” by Morningstar.com.
Miller successfully grew his fund from a measly $750 million to over $20 billion (assets under management) up until 2006. Even last year he was cranking out similar success: his Opportunity Trust beat the S&P500 by nearly double at certain points last year. He is considered to be a value investor, but heavily believes that any stock has the potential to be a value stock “if it trades at a discount to its intrinsic value.”
Next Slide – This Legendary Investor has
$275 BILLIONS Under Management
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