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How Vanguard Gains From Firm That Fired Founder Jack Bogle
FYI: Wellington runs six funds for Vanguard that have outperformed
Walter Morgan, Wellington founder, would become Bogle mentor
After Jack Bogle was fired by Wellington Management Co. in 1974, he didn’t wash his hands of his old employer. Instead he retained the firm to run money for his startup, Vanguard Group. Today those funds are beating almost all of their peers.
