John Bogle on Investing : The First 50 Years
This book wraps up the essence of his half-century of knowledge to deepen your understanding and enhance your investment success. * Learn why simple strategies are best * Discover how emotions can ruin the best investment plan * Examine the universality of indexing in the financial markets * Minimize the costs financial and otherwise associated with investing John Bogle is still in there fighting, still pushing the industry onward and upward. Take this rare opportunity to have industry-shaping expertise at your fingertips with John Bogle on Investing.
- Hardback | 512 pages
- 163 x 238 x 40mm | 748g
- 29 May 2015
- John Wiley & Sons Inc
- New York, United States
- 1. Auflage
Other books in this series
19 Sep 2003
10 Feb 2006
10 Feb 2006
17 Aug 2007
29 Jun 2007
15 Nov 2005
16 Feb 2016
"[John Bogle's] great contribution--his single-minded mission--has been to insist that those [mutual] funds should be managed, first and foremost, in a way truly to serve the interests of the investing public."
--From the Foreword by Paul A. Volcker
When John Bogle founded Vanguard in 1974, he dared to challenge the financial marketplace by introducing a truly mutual mutual fund management structure in which the funds' management company is owned by its mutual fund shareholders and dedicated to placing their interests as the firm's highest responsibility--a fiduciary trust.
Originally published in 2001, John Bogle on Investing: The First 50 Years is filled with Bogle's unparalleled investment wisdom and essays that reveal his guiding philosophy of sound investing and insights into selecting equity and bond funds, with index funds at the core of his strategy. This examination of Bogle's career concludes with the first publication of his 1951 groundbreaking Princeton University thesis "The Economic Role of the Investment Company".
Bogle brings a strong sense of fiduciary responsibility, an analytical mind, a respect for his colleagues at all levels of Vanguard, and a dedication to his clients. This book gives millions of investors the knowledge and perspective they need in order to successfully invest for the future.
Back cover copy
Bogle founded Vanguard to minimize the profound conflicts of interest in the traditional structure of the mutual fund industry, the resulting high costs, and the devastating effects the costs have-- eroding the long-term returns earned by investors. Under Bogle's leadership, Vanguard developed a unique ownership structure that minimized conflicts of interest, a singular investment philosophy, and an enlightened approach to human values. Bogle, a maverick who is frequently regarded as a heretic in the mutual fund world, became a trusted leader known as "St. Jack" to millions of investors.
In his own words, Bogle explores past trends and future developments driving the fund industry and reveals the most effective means of building wealth over the long term. He outlines the four elements for developing an ideal investment program and explains how to reap the benefits of the powerful magic of long-term compounding of investment returns, all the while minimizing the devastating tyranny of compounding costs. He explains how the unique corporate structure he designed for Vanguard in 1974 put the focus on low costs and service to clients. His creation of the world's first index mutual fund in 1975 was critical to that story; and in 1977, he revolutionized the use of "no-load" mutual funds and redefined the structure of bond funds.
John Bogle on Investing represents the highest manifestation of Bogle's idealism--his longstanding view that the central principle of the mutual fund business should be not the marketing of financial products to customers, but the stewardship of investment services for clients. First published in 2001, in 2015 it is well on its way to becoming a classic.
Table of contents
About John C. Bogle