John Bogle on Investing: The First 50 Years (Wiley Investment Classics) - Hardcover

Bogle, John C.

Hardcover

ISBN 10: 1119088364 ISBN 13: 9781119088363

Publisher: Wiley, 2015

Synopsis

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. * 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.

About this title

Review:

"Throughout the book Bogle elaborates on what he considers his most important contribution to the investing community: "the majesty of simplicity in an empire of parsimony." I can't think of a better legacy." - Investing.com

"Mr Bogle is also a noted proponent of index funds and everyone should read, mark, learn and inwardly digest his arguments." (Financial Advisor, October 2015)

From the Back Cover:

Guiding principles and timeless wisdom from an investment industry giant

"[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.

About this edition

• Publisher: Wiley
• Publication date: 2015
• ISBN 10: 1119088364
• ISBN 13: 9781119088363
• Binding: Hardcover
• Edition number: 1
• Number of pages: 506