John Bogle says investors shouldn’t sweat the small stuff. Forget fiscal cliffs, the legendary money manager and indexing pioneer tells The Breakout on Friday, we’ve got bigger fish to fry—like “war, global pandemic and nuclear proliferation.”
In an interview seemed destined to make viewers insomniacs, Bogle, founder of Vanguard, tells the website that, “I think the fiscal cliff, while important, is highly likely to be managed. It’s really all going to get worked out sooner or later anyway, so I am pretty confident that that is not the source of our big risk.”
The site notes that it’s a statement that’s both comforting and leading, “in that it reduces one of the great concerns troubling investors in the short term.”
But it also prompts the question: if that doesn’t worry Bogle, what does?
“What I worry about are the known risks that we don’t pay much attention to,” he says, citing the aforementioned dangers as war, global pandemic and nuclear proliferation.