{"product_id":"john-bogle-on-investing-isbn-9781119088363","title":"John Bogle on Investing","description":"\u003cb\u003eGet fifty years of industry-defining expertise in a single volume\u003c\/b\u003e \u003cp\u003e\u003ci\u003eJohn Bogle on Investing\u003c\/i\u003e 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. \u003c\/p\u003e\u003cp\u003eJohn 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. \u003c\/p\u003e\u003cul\u003e \u003cli\u003eLearn why simple strategies are best\u003c\/li\u003e \u003cli\u003eDiscover how emotions can ruin the best investment plan\u003c\/li\u003e \u003cli\u003eExamine the universality of indexing in the financial markets\u003c\/li\u003e \u003cli\u003eMinimize the costs — financial and otherwise — associated with investing\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eJohn 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 \u003ci\u003eJohn Bogle on Investing\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003e2015 Introduction To The Classic Edition of John Bogle On Investing: The First 50 Years ix\u003c\/p\u003e \u003cp\u003eForeword: \u003ci\u003ePaul A. Volcker\u003c\/i\u003e xxix\u003c\/p\u003e \u003cp\u003eIntroduction: \u003ci\u003eWilliam T. Allen\u003c\/i\u003e xxxi\u003c\/p\u003e \u003cp\u003ePreface xxxv\u003c\/p\u003e \u003cp\u003eSome Words of Appreciation xliii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I Investment Strategies For The Intelligent Investor\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Investing in the New Millennium: The Bagel and the Doughnut 5\u003c\/p\u003e \u003cp\u003e2 The Clash of the Cultures in Investing: Complexity vs. Simplicity 17\u003c\/p\u003e \u003cp\u003e3 Equity Fund Selection: The Needle or the Haystack? 33\u003c\/p\u003e \u003cp\u003e4 Risk and Risk Control in an Era of Confidence (or Is It Greed?) 47\u003c\/p\u003e \u003cp\u003e5 Buy Stocks? No Way! 66\u003c\/p\u003e \u003cp\u003e6 The Death Rattle of Indexing 82\u003c\/p\u003e \u003cp\u003e7 25 Years of Indexing: When Active Managers Win, Who Loses? 98\u003c\/p\u003e \u003cp\u003e8 Selecting Equity Mutual Funds 108\u003c\/p\u003e \u003cp\u003e9 The Third Mutual Fund Industry 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II Taking On The Mutual Fund Industry\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10 Mutual Funds: The Paradox of Light and Darkness 141\u003c\/p\u003e \u003cp\u003e11 Economics 101: For Mutual Fund Investors . . .For Mutual Fund Managers 153\u003c\/p\u003e \u003cp\u003e12 Honing the Competitive Edge in Mutual Funds 168\u003c\/p\u003e \u003cp\u003e13 Creating Shareholder Value: BY Mutual Funds . . .or FOR Mutual Fund Shareholders? 180\u003c\/p\u003e \u003cp\u003e14 The Silence of the Funds: Mutual Fund Investment Policies and Corporate Governance 196\u003c\/p\u003e \u003cp\u003e15 Losing Our Way: Where Are the Independent Directors? 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III Economics and Idealism: The Vanguard Experiment\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16 Vanguard—Child of Fortune 221\u003c\/p\u003e \u003cp\u003e17 The Winds of Change: The Vanguard Experiment in Internalized Management 231\u003c\/p\u003e \u003cp\u003e18 Deliverance 246\u003c\/p\u003e \u003cp\u003e19 The Lengthened Shadow, Economics, and Idealism 260\u003c\/p\u003e \u003cp\u003e20 On the Right Side of History 270\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Personal Perspectives\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21 Changing the Mutual Fund Industry: The Hedgehog and the Fox 291\u003c\/p\u003e \u003cp\u003e22 The Majesty of Simplicity 307\u003c\/p\u003e \u003cp\u003e23 The Things by Which One Measures One’s Life 312\u003c\/p\u003e \u003cp\u003e24 Telltale Hearts 316\u003c\/p\u003e \u003cp\u003e25 Press On Regardless 327\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart V The Princeton Thesis\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Economic Role of the Investment Company 341\u003c\/p\u003e \u003cp\u003eIndex 451\u003c\/p\u003e \u003cp\u003e\u003ci\u003e“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.”\u003c\/i\u003e – Investing.com\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003e“Mr Bogle is also a noted proponent of index funds and everyone should read, mark, learn and inwardly digest his arguments.” \u003c\/i\u003e(Financial Advisor, October 2015)\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJOHN C. BOGLE\u003c\/b\u003e is founder and former chairman of the Vanguard Group of mutual funds and President of its Bogle Financial Markets Research Center. After creating Vanguard in 1974, he served as chairman and chief executive officer until 1996 and senior chairman until 2000. Bogle is the author of ten books including \u003ci\u003eEnough.: True Measures of Money, Business, and Life, The Little Book of Common Sense Investing,\u003c\/i\u003e and \u003ci\u003eThe Clash of the Cultures: Investment vs. Speculation\u003c\/i\u003e, all published by Wiley.\u003c\/p\u003e  \u003cp\u003eJohn C. Bogle is the investment visionary who founded the Vanguard Group. In this candid book, he reveals his insights on finance, economics, mutual funds, stewardship, and idealism. \u003ci\u003eJohn Bogle on Investing: The First 50 Years\u003c\/i\u003e includes his essays spanning the first 50 years of his legendary career, beginning with his landmark Princeton University senior thesis, “The Economic Role of the Investment Company.” This thesis ultimately established Bogle’s guiding principles for successful investing.\u003c\/p\u003e \u003cp\u003eBogle 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. \u003c\/p\u003e\u003cp\u003eIn 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. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eJohn Bogle on Investing\u003c\/i\u003e represents the highest manifestation of Bogle’s idealism—his long-standing 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.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989490483429,"sku":"NP9781119088363","price":40.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119088363.jpg?v=1761784313","url":"https:\/\/k12savings.com\/es\/products\/john-bogle-on-investing-isbn-9781119088363","provider":"K12savings","version":"1.0","type":"link"}