John Bogle Jr., the son of Vanguard index fund pioneer John Bogle, runs a long-short hedge fund, BloombergMarkets magazine reports in its April issue:
Bogle Jr., 54, has a sense of humor about the tension that comes from being an active fund manager and the son of the most famous advocate of passive investing. At an event honoring his father in 2012, he joked about some of the rules his dad taught him. "Always wear a wool tie in preference to silk, lest you be thought of as being flamboyant or be mistaken for an active fund manager or, worse, a hedge fund manager," he said.
The most important lessons the younger Bogle says he learned from his father have nothing to do with the market. He remembers visiting Vanguard headquarters on weekends, when the only person they'd encounter was the night security guard. "And my dad would know him by name, and he'd ask him about his kids and wife by name," he recalls.