Masters in Business: Jack Brennan
Jack Brennan tells how he submitted a resume and got an invite for a telephone interview with Jack Bogle, the founder of the Vanguard Group. Thus began a 30-year career at Vanguard, where he eventually became chief executive officer and chairman. Vanguard now manages more than $2 trillion dollars, with about 65 percent in passive strategies and about 35 percent in more active management.
Brennan describes himself as a “sponge” who learned from the best in the business. In addition to Bogle, Brennan worked with investing luminaries including John Neff, Burton Malkiel, Charles Ellis and Gus Sauter. His book, "Straight Talk on Investing: What You Need to Know," describes the sound advice and solid guidance key to successful investing. Other books he recommends include Malkiel’s "A Random Walk Down Wall Street" and Ellis’ "Winning the Loser's Game."
This is the fifth episode in our series "Masters in Business" that I've created with Bloomberg Radio and Bloomberg View. You can listen to the show on Bloomberg AM on weekends and nationally on Sirius XM channel 119, stream it on SoundCloud, or download an MP3 at Bloomberg.com. Next week I speak with hedge fund manager James Chanos of Kynikos Associates.
This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.
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Barry L Ritholtz at email@example.com