John Bogle on investing: the first 50 years

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

The first edition paperback edition of this book was published by McGraw-Hill, 2001.

Includes index.

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.

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.

Bogle and Buffett Agree ... But to What Avail?Notes; 4 RISK A…