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The 5 Dumbest Things on Wall Street: Predictions for 2013

4. Jack's Bucket List

Jack Bogle founded Vanguard in 1974 and was the driving force that turned the mutual fund company into the giant it is today. He's written 10 books, at last count, on the merits of index funds and long-term investing. He's been named by Fortune magazine as one of the financial industry's "Giants of the 20th Century" and he was awarded the Woodrow Wilson Award by his alma mater, Princeton University, for his distinguished service to the nation.

Career-wise, Jack has done almost everything short of run for president, and if it was up to us, we would lead the charge to get him that job too. We can think of no man or woman more qualified or dignified for that job than John "Jack" C. Bogle. No lying.

Unfortunately, Bogle has long refused to run for public office and clean up Washington, preferring to carry on with his crusade to clean up Wall Street instead. Moreover, even if he did decide to run for the country's top job, the rigors of a campaign would probably be a bit too much for the octogenarian at this point. Not that he wouldn't give 'em hell.

Nevertheless, just because Jack has checked off more things on his bucket list than most mortals will only dream about does not mean he's done just yet. If you think that's the case, then you just don't know Bogle.

We happen to think we know Jack's next move, and we have an inkling he's going to make it soon.

So what's left for the man who has done nearly everything on Wall Street to do?

Simple. Bogle's going to open up a high-speed-trading hedge fund. You read it here first. Jack's making a comeback and it's going to be high-freaking frequency.

Look: He's done the boring buy-and-hold thing. He knows there's no thrill in that. He also knows better than anybody that active mutual fund managers rarely beat the market, which is why the majority of them run closet-index funds. Finally, as pertaining to exchange traded funds, Bogle's aversion to ETFs -- including Vanguard's own brand -- has been well-documented.

That leaves Jack with a single option as far as we see it, and he won't need a lot of capital to do it. All he needs is a supercomputer and a little bit of his own scratch to definitively prove whether his life's work has been for naught. Then, and only then, can he ultimately answer the one question that has dogged him his entire life: Can Jack Bogle beat the market?

Just wait, folks. In 2013, he'll finally find out.
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