Trump's "long-term policies I'm afraid are bad for society and bad for the economy and bad for the market," he said. "The gap between the rich and poor, increased racial tension, a little less support for our fortress against communism, NATO and Europe, getting in the way of international trade agreements, complicating them. Those things are all negative for the market in the long run."
Bogle founded Vanguard Group in 1975. The investment management firm has more than $3.5 trillion in assets, according to its website.
He also discussed:
- Active versus passive management
- The bond market
- The Trump rally
- Investing discipline
To watch the broadcast interview in its entirety, you must be a CNBC PRO subscriber.