Vanguard's Jack Brennan: The Best Way to Build Wealth

Employing tried-and-true investing principles is a better strategy to achieve long-term goals than taking a get-rich-quick approach.

Photo of Jack Brennan
(Image credit: Courtesy Vanguard)

Jack Brennan is the former CEO of Vanguard Group and author of More Straight Talk on Investing, an updated edition of the book first published in 2002.

Mobile apps such as Robinhood have made it easy for investors to become active traders in hot stocks, such as GameStop. What do you think of this trend? It’s not wise. The idea that trading is the way you invest your serious money is misguided. It has never been effective. And my own view is it will never be an effective way to do it. Empirical study after empirical study shows that individuals who are active traders underperform buy-and-hold investors.

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Contributing Writer