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Hello and welcome to this edition of WealthTrack, I’m Consuelo Mack. We have a special treat for you this week, an extended interview with one of a kind investment legend, John Bogle. Jack, as he is known to many of us, is the founder of Vanguard, the low cost investment giant famous for the index funds which he created there in 1976. His first index mutual fund, now named the Vanguard 500 Index Fund (VFINX) because it is modeled on the S&P 500, now has over $100 billion in assets, as does its equivalent fund for institutional investors. If combined, they would be the world’s largest stock mutual fund. Vanguard itself is now managing around $2 trillion in assets, making it the largest mutual fund company in the world. And it’s growing rapidly because of its low cost, largely passive investment model. Called a mutual company, Vanguard is the only mutual fund company owned by its fund investors, not private or public stockholders. Bogle set it up that way to, as he puts it, insure it wo...