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E-book
Author Bogle, John C.

Title John Bogle on investing : the first 50 years / John C. Bogle
Published Hoboken, New Jersey : Wiley, 2015
©2015
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Contents Series; Title page; Copyright; Dedication; 2015 INTRODUCTION TO THE CLASSIC EDITION OF JOHN BOGLE ON INVESTING: THE FIRST 50 YEARS; FOREWORD; INTRODUCTION; PREFACE; SOME WORDS OF APPRECIATION; PART I INVESTMENT STRATEGIES FOR THE INTELLIGENT INVESTOR; 1 INVESTING IN THE NEW MILLENNIUM: THE BAGEL AND THE DOUGHNUT; 1. The Bagel and the Doughnut in the Stock Market; 2. The Bagel and the Doughnut in the Mutual Fund Industry; 3. Vanguard in the New Millennium: The Bagel in a Doughnut-Dominated Industry; 2 THE CLASH OF THE CULTURES IN INVESTING: COMPLEXITY VS. SIMPLICITY
5 BUY STOCKS? NO WAY! OR IT'S A DANGEROUS GAME ... IT'S A VOTE OF CONFIDENCE THAT THINGS ARE GETTING WORSE ... THE MARKET HAS BECOME A CRAPSHOOT ... THE SMALL INVESTOR HAS BECOME AN ENDANGERED SPECIES ... THE STOCK MARKET IS ONE OF THE SLEAZIEST ENTERPRISES IN THE WORLD. The Great Crash and Its Aftermath; Stock Values vs. Stock Prices; The Hazards of Equity Investing; Investing in Bonds; The Appropriate Balance; Return, Risk-and Cost; The Soaring Costs of Mutual Funds; Index Funds ... and Others; Beware of Some Funds; Summing Up; 6 THE DEATH RATTLE OF INDEXING; Myth One: The S & P 500 as the Benchmark
Bogle and Buffett Agree ... But to What Avail?Notes; 4 RISK AND RISK CONTROL IN AN ERA OF CONFIDENCE (OR IS IT GREED?); Four Key Elements of Investing: Reward, Risk, Time, and Cost; Reward: Out of Our Control; Risk in Today's Market; Old Economy, New Economy?; The Ultimate Test: Future Cash Flows; The Buffett Analysis; Controlling Risk; The "Efficient Frontier"; Did He Say "Gold"? or "Alternative Investments"?; A Final Thought; Notes
Myth Two: The Past Is Not PrologueMyth Three: Market Timing Will Carry the Day; Myth Four: That Indexing Works Only in Efficient Markets; Myth Five: That Reversion to the Mean Will Finally Triumph; Conclusion; Notes; 7 25 YEARS OF INDEXING: WHEN ACTIVE MANAGERS WIN, WHO LOSES?; A Better Standard?; Too Many Index Funds?; The Newest Fad; Active Managers and Indexes; A Retrospective; Notes; 8 SELECTING EQUITY MUTUAL FUNDS WHY IS IT VIRTUALLY IMPOSSIBLE TO PICK THE WINNER, YET SO EASY TO PICK A WINNER? AND WHAT SHOULD YOU DO ABOUT IT IN THE 1990S?; Why Is It So Difficult to Pick "the" Winners?
Successful Fund Managers FailNewsletters Do Even Worse; "All the News That's Fit to Print"; "Manager of the Year"; Bernie Cornfeld's Successors; Life Is Short. Enjoy! But Only Up to 5%; Now ... to the Serious Money Account; Simplicity Works; The Reward Dimension; The Risk Dimension; The Cost Dimension; 3 EQUITY FUND SELECTION: THE NEEDLE OR THE HAYSTACK?; Economics and Emotions; A Needle in a Haystack; Can an Expert Find the Needle?; Why So Many Losing Needles? Costs!; Invest in the Haystack; Follow the Money; What's To Be Done?; Owning the Haystack Today
Summary 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
Notes Includes index
The first edition paperback edition of this book was published by McGraw-Hill, 2001
Bibliography Includes bibliographical references and index
Notes Print version record and CIP data provided by publisher
Subject Vanguard Group of Investment Companies.
Investments.
Mutual funds.
Portfolio management.
Securities.
Form Electronic book
LC no. 2015013513
ISBN 1119088364
1119109582 (electronic bk.)
1119109590 (electronic bk.)
9781119088363
9781119109587 (electronic bk.)
9781119109594 (electronic bk.)
(hardback)