• Bogle On Mutual Funds

    Certain books have redefined the way we view the world of finance and investing???books that should be on every investor???s shelf. Bogle On Mutual Funds???the definitive work on mutual fund investing by one of finance???s great luminaries???is just such a work, and has been added to the catalog of Wiley???s Investment Classic collection. Updated with a new introduction by expert John Bogle, this comprehensive book provides investors with the wisdom of the pioneer of mutual funds to help you identify and execute the ideal mutual fund investment choices for your portfolio.,The former Vanguard Chief Executive, Bogle has long been mutual funds’ most outspoken critic; in this classic book, he provides guidance on what you should and shouldn’t believe when it comes to mutual funds, along with the story of persistence and perseverance that led to this seminal work. You’ll learn the differences between common stock, bond, money market, and balanced funds, and why a passively managed “index” fund is a smarter investment than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle reveals the truth behind the advertising, the mediocre performance, and selfishness, and highlights the common mistakes many investors make.

  • Character Counts

    How John Bogle built Vanguard and transformed the investment world????in his own words,Jack Bogle remains one of the titans of the investment world and a hero to the independent investor, as renowned for his influence as he is respected for his accomplishments. Character Counts is the story of how Vanguard was born, why it has flourished, and what leadership principles and management practices fostered its development.,Covering the period 1974??2001, the story is told through the dozens of potent and memorable speeches he has given to Vanguard crew members over the years, interspersed with a narrative that provides context and explanation. This “you are there” approach provides new insights into one of the world’s most important financial institutions????and into the mutual fund industry itself. Character Counts paints an indelible portrait of the man Fortune named one of the “four giants of finance” of the 20th century.

  • Common Sense on Mutual Funds

    John C. Bogle shares his extensive insights on investing in mutual funds.,Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them.,Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today’s turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term.

  • Don’t Count on It!

    Insights into investing and leadership from the founder of The Vanguard Group.,Throughout his legendary career, John Bogle-founder of the Vanguard mutual fund group and creator of the first index mutual fund-has helped investors build wealth the right way, while, at the same time, leading a tireless campaign to restore common sense to the investment world.,A collection of essays based on speeches delivered to professional groups and college students in recent years, in , is organized around eight themes.,Illusion versus reality in investing Indexing to market returns Failures of capitalism The flawed structure of the mutual fund industry The spirit of entrepreneurship What is enough in business, and in life Advice to America’s future leaders The unforgettable characters who have shaped his career Widely acclaimed for his role as the conscience of the mutual fund industry and a relentless advocate for individual investors, in ,, Bogle continues to inspire, while pushing the mutual fund industry to measure up to their promise.

  • Enough

    John Bogle puts our obsession with financial success in perspective,Throughout his legendary career, John C. Bogle-founder of the Vanguard Mutual Fund Group and creator of the first index mutual fund-has helped investors build wealth the right way and led a tireless campaign to restore common sense to the investment world. Along the way, he’s seen how destructive an obsession with financial success can be. Now, with Enough., he puts this dilemma in perspective.,Inspired in large measure by the hundreds of lectures Bogle has delivered to professional groups and college students in recent years, Enough. seeks, paraphrasing Kurt Vonnegut, “to poison our minds with a little humanity.” Page by page, Bogle thoughtfully considers what “enough” actually means as it relates to money, business, and life.,Written in a straightforward and accessible style, this unique book examines what it truly means to have “enough” in world increasingly focused on status and score-keeping.

  • John Bogle on Investing

    Get fifty years of industry-defining expertise in a single volume.,John Bogle on Investing is a compilation of the best speeches ever delivered by one of the 20th century’s towering financial giants. Individually, each of these speeches delivers a powerful lesson in investing; taken together, Bogle’s lifelong themes ring loud and clear. His investing philosophy has remained more or less constant throughout his illustrious career, and this book lays it out so you can learn from the very best. You’ll learn what makes a successful investment strategy, consider the productive economics of long-term investing, and how emotional investment in financial markets is often counterproductive enough to forfeit success. Bogle discusses the “fiscal drag” of investing, and shows you how to cut down on sales charges, management fees, turnover costs, and opportunity costs, as he unravels a lifetime’s worth of expertise to give you deep insight into the mind of a master at work.,John C. Bogle founded Vanguard in 1974, then in the space of a few years, introduced the index mutual fund, pioneered the no-load mutual fund, and redefined bond fund management. This book wraps up the essence of his half-century of knowledge to deepen your understanding and enhance your investment success.

  • Stay the Course

    A journey through the Index Revolution from the man who started it all.,Stay the Course is the story the Vanguard Group as told by its founder, legendary investor John C. Bogle. This engrossing book traces the history of Vanguard???the largest mutual fund organization on earth.,Offering the world???s first index mutual fund in 1976, John Bogle led Vanguard from a $1.4 billion firm with a staff of 28 to a global company of 16,000 employees and with more than $5 trillion in assets under management. An engaging blend of company history, investment perspective, and personal memoir, this book provides a fascinating look into the mind of an extraordinary man and the company he created.,John Bogle continues to be an inspiring and trusted figure to millions of individual investors the world over. His creative innovation, personal integrity, and stubborn determination infuse every aspect of the company he founded. This accessible and engaging book will help you:,Explore the history of some of Vanguard???s most important mutual funds, including First Index Investment Trust, Wellington Fund, and Windsor Fund,Understand how the Vanguard Group gave rise to the Index Revolution and transformed the lives of millions of individual investors,Gain insight on John Bogle???s views on values such as perseverance, caring, commitment, integrity, and fairness,Investigate a wide range of investing topics through the lens of one of the most prominent figures in the history of modern finance,The Vanguard Group and John Bogle are inextricably linked???it would be impossible to tell one story without the other. Stay the Course: The Story of Vanguard and the Index Revolution weaves these stories together taking you on a journey through the history of one revolutionary company and one remarkable man. Investors, wealth managers, financial advisors, business leaders, and those who enjoy a good story, will find this book as informative and unique as its author.

  • The Battle for the Soul of Capitalism

    There is no one better qualified to tell us about the failures of the American financial system and the grotesque abuses that have taken place in recent years than John Bogle, who as founder and former chief executive of the Vanguard mutual funds group has seen firsthand the innermost workings of the financial industry. A zealous advocate for the small investor for more than fifty years, Bogle has championed the restoration of integrity in industry practices. As an astute observer and commentator, he knows that a trustworthy business and financial complex is essential to America???s continuing leadership in the world and to social and economic progress at home.,This book tells not just a story about what went wrong but, more important, the story of why we lost our way and of how we can right our course. Bogle argues for a return to a governance structure in which owners??? capital that has been put at risk is used in their interests rather than in the interests of corporate and financial managers. Given that ownership is now consolidated in the hands of relatively few large mutual and pension funds, the specific reforms Bogle details in this book are essential as well as practical. Every investor, analyst, Wall-Streeter, policy maker, and businessperson should read this deeply informed book.

  • The Clash of the Cultures

    Recommended Reading by Warren Buffet in his March 2013 Letter to Shareholders.,How speculation has come to dominate investment???a hard-hitting look from the creator of the first index fund.,Over the course of his sixty-year career in the mutual fund industry, Vanguard Group founder John C. Bogle has witnessed a massive shift in the culture of the financial sector. The prudent, value-adding culture of long-term investment has been crowded out by an aggressive, value-destroying culture of short-term speculation. Mr. Bogle has not been merely an eye-witness to these changes, but one of the financial sector???s most active participants. In The Clash of the Cultures, he urges a return to the common sense principles of long-term investing.,Provocative and refreshingly candid, this book discusses Mr. Bogle’s views on the changing culture in the mutual fund industry, how speculation has invaded our national retirement system, the failure of our institutional money managers to effectively participate in corporate governance, and the need for a federal standard of fiduciary duty.,Mr. Bogle recounts the history of the index mutual fund, how he created it, and how exchange-traded index funds have altered its original concept of long-term investing. He also presents a first-hand history of Wellington Fund, a real-world case study on the success of investment and the failure of speculation. The book concludes with ten simple rules that will help investors meet their financial goals. Here, he presents a common sense strategy that “may not be the best strategy ever devised. But the number of strategies that are worse is infinite.”,The Clash of the Cultures: Investment vs. Speculation completes the trilogy of best-selling books, beginning with Bogle on Investing: The First 50 Years (2001) and Don’t Count on It! (2011)

  • The Little Book of Common Sense Investing

    “There are a few investment managers, of course, who are very good – though in the short run, it’s difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors – large and small – should instead read Jack Bogle’s ,.” – Warren Buffett, Chairman of Berkshire Hathaway, 2014 Annual Shareholder Letter.,Investing is all about common sense. Owning a diversified portfolio of stocks and holding it for the long term is a winner’s game. Trying to beat the stock market is theoretically a zero-sum game (for every winner, there must be a loser), but after the substantial costs of investing are deducted, it becomes a loser’s game. Common sense tells us–and history confirms–that the simplest and most efficient investment strategy is to buy and hold all of the nation’s publicly held businesses at very low cost. The classic index fund that owns this market portfolio is the , investment that guarantees you with your fair share of stock market returns. To learn how to make index investing work for you, there’s no better mentor than legendary mutual fund industry veteran John C. Bogle. Over the course of his long career, Bogle–founder of the Vanguard Group and creator of the world’s first index mutual fund–has relied primarily on index investing to help Vanguard’s clients build substantial wealth. Now, with ,he wants to help you do the same.,Filled with in-depth insights and practical advice, , will show you how to incorporate this proven investment strategy into your portfolio. It will also change the very way you think about investing. Successful investing is not easy. (It requires discipline and patience.) But it is simple. For it’s all about common sense.,With , as your guide, you’ll discover how to make investing a winner’s game:,Why business reality–dividend yields and earnings growth–is more important than market expectations How to overcome the powerful impact of investment costs, taxes, and inflation How the magic of compounding returns is overwhelmed by the tyranny of compounding costs What expert investors and brilliant academics–from Warren Buffett and Benjamin Graham to Paul Samuelson and Burton Malkiel–have to say about index investing And much more You’ll also find warnings about investment fads and fashions, including the recent stampede into exchange-traded funds and the rise of indexing gimmickry. The real formula for investment success is to own the entire market, while significantly minimizing the costs of financial intermediation. That’s what index investing is all about. And that’s what this book is all about.