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Bogle to speak at Ad’k Roundtable Saturday

July 10, 2013
Adirondack Daily Enterprise

LAKE PLACID - The Lake Placid Institute is pleased to announce that John "Jack" Bogle will return as the first presenter of this year's popular Adirondack Roundtable series, on the morning of Saturday at the Crowne Plaza Hotel in Lake Placid.

Bogle, the founder and former CEO of The Vanguard Group, and creator of the first index mutual fund, will address the issue, How Wall Street Failed Main Street, exploring the recent history of the American investment industry and its shift from long-term investment to speculation -?a shift that Bogle says has hurt us as individual investors, has hurt our economy and ultimately has damaged our society by destroying investor confidence.

Bogle is able to make today's mumbo-jumbo terms and techniques of investment management -?"shorts" "options" "credit default swaps" -?accessible to general audiences and useful tools for understanding how investing and government should work. Bogle has a steadfast belief that the path to restoring investor confidence "requires giving power to individuals through information ... give investors the right instructions about how the markets work, and focus on the long-term," he has proposed in his talks and writings.

Bogle's common-sense approach to understanding markets and investment opportunities is continued in his most recent book, The Clash of the Cultures, copies of which will be available at Saturday's Roundtable for sale and signing by the author.

The Adirondack Roundtable is open to the public, with admission at $30 if reserved in advance of Saturday, or $35 as walk-in on that day.

The event begins at 8:30 a.m., and includes a full buffet breakfast in the ticket price. Bogle presents at 9 a.m. and will take questions following his talk. Admission to the roundtable and the entire proceeds of sale of Bogle's books is to benefit the Lake Placid Institute and its programs.

For more information or to reserve, contact the Lake Placid Institute at 518-523-1312 or via e-mail at info@lakeplacidinstitute.org.

The Lake Placid Institute since its founding in 1994 has presented arts, humanities, and cultural programming to the residents and visitors of the Adirondack region. Through its programs it advances its mission "to create opportunities in the Adirondacks for learning, sharing and enjoying."

 
 

 

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