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John Bogle on Investing: The First 50 Years
John Bogle on Investing The First 50 Years Author:John C. Bogle John C. Bogle is one of the 20th century's towering financial giants. Deeply concerned by the devastating impact of high mutual fund costs on the long-term returns earned by investors, he founded Vanguard in 1974. In the space of a few years, he introduced the index mutual fund, pioneered the modern no-load mutual fund, and redefined bond fund m... more »anagement. By creating a novel mutual fund enterprise owned by its shareholders, he gave millions of investors a new and high-powered way to invest and was among the first authoritative voices to challenge the financial establishment. And John Bogle is still in there fighting. John Bogle on Investing contains the best of the scores of speeches he's delivered over the years and revisits the important investment themes from which Bogle rarely strayed during his illustrious career:The majesty of simplicity in investment strategyThe productive economics of long-term investingThe counterproductive emotions that can forfeit investment successThe universality of indexing in the financial marketsMinimizing the "fiscal drag" of sales charges, management fees, turnover costs, and opportunity cost« less