John Bogle on Investing : The First 50 Years

by Bogle, John C.; Volcker, Paul A.

• ISBN13: 9780071364386
• ISBN10: 0071364382
• Edition: 1st
• Format: Hardcover
• Copyright: 2000-10-01
• Publisher: McGraw-Hill

Summary

John Bogle on Investing is the first comprehensive review of the career and contributions of this dynamic investing icon. From Jack Bogle's never-before-published 1951 Princeton thesis to more than two dozen essays covering five decades of investing, it is a 50-year compendium of the work and wisdom of one of the world's most important financial figures.

Table of Contents

Foreword	ix
Paul A. Volcker
Introduction	xi
William T. Allen
Preface	xv
Some Words of Appreciation	xxiii
Part I INVESTMENT STRATEGIES FOR THE INTELLIGENT INVESTOR
Investing in the New Millennium: The Bagel and the Doughnut	5	(12)
The Clash of the Cultures in Investing: Complexity vs. Simplicity	17	(16)
Equity Fund Selection: The Needle or the Haystack?	33	(14)
Risk and Risk Control in an Era of Confidence (or Is It Greed?)	47	(19)
Buy Stocks? No Way!	66	(1)
The Death Rattle of Indexing	66	(32)
25 Years of Indexing: When Active Managers Win, Who Loses?	98	(10)
Selecting Equity Mutual Funds	108	(14)
The Third Mutual Fund Industry	122	(19)
Part II TAKING ON THE MUTUAL FUND INDUSTRY
Mutual Funds: The Paradox of Light and Darkness	141	(12)
Economics 101: For Mutual Fund Investors...For Mutual Fund Managers	153	(15)
Honing the Competitive Edge in Mutual Funds	168	(12)
Creating Shareholder Value: BY Mutual Funds...or For Mutual Fund Shareholders?	180	(16)
The Silence of the Funds: Mutual Fund Investment Policies and Corporate Governance	196	(12)
Losing Our Way: Where Are the Independent Directors?	208	(13)
Part III ECONOMICS AND IDEALISM: THE VANGUARD EXPERIMENT
Vanguard---Child of Fortune	221	(10)
The Winds of Change: The Vanguard Experiment in Internalized Management	231	(15)
Deliverance	246	(14)
The Lengthened Shadow, Economics, and Idealism	260	(10)
On the Right Side of History	270	(21)
Part IV PERSONAL PERSPECTIVES
Changing the Mutual Fund Industry: The Hedgehog and the Fox	291	(16)
The Majesty of Simplicity	307	(5)
The Things by Which One Measures One's Life	312	(4)
Telltale Hearts	316	(11)
Press On Regardless	327	(124)
Part V THE PRINCETON THESIS
The Economic Role of the Investment Company	341	(110)
Index	451