Wealth quote of the day by John “Jack” Bogle, “The stock market is a giant distraction from the business of investing.” When John "Jack" Bogle called the stock market a “giant distraction,” he was backing it with decades of data. The founder of The Vanguard Group proved that low costs and patience matter more than prediction. His index-fund strategy reshaped U.S. investing, cut fees by trillions of dollars over time, and quietly beat most active stock pickers.