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Bogle on Mutual Funds: New Perspectives for the Intelligent Investor
Synopses & Reviews
Bogle on Mutual Funds is a straightforward assessment of the industry written for the investor who wants a true and unflinching portrayal. Bogle not only explains the basic principles of canny mutual fund investing, but Bogle on Mutual Funds also explores its subtle nuances and exposes the hype and fads that often lure investors into making unwise decisions. This conscientious guide offers strategies for developing a diversified portfolio that will weather the markets short-term variations. Bogle warns the reader of the major pitfalls common to mutual fund investing. Ideal for investors at every level of expertise, Bogle on Mutual Funds shows how to: Design a portfolio of funds to meet your current financial objectives; Recognize excessive fees, minimize taxes, evaluate investment risk, and spot false advertising claims; Balance risk and return through asset allocation strategy and tactics, astute fund selection, and effective use of index funds; Understand the important role of cost, the third leg (along with risk and return) of the eternal triangleof investing; Interpret the data found in such sources as syndicated newspapers, Morningstar Mutual Funds, and other mutual fund guides, and use that information to make better investment decisions.
Book News Annotation:
A candid, straightforward assessment of the mutual fund industry authored by the founder of The Vanguard Group of Investment Companies--a heavy hitter in the mutual fund business. Bogle explains the basic principles and subtle nuances of mutual fund investing while exposing the hype and fads that often lure investors into unwise decisions.
Annotation c. Book News, Inc., Portland, OR (booknews.com)
John C. Bogle, founder of The Vanguard Group of Investment Companies, is both a dynamic leader in the mutual fund industry and its most outspoken critic. Best known for his crusade against unfair treatment of mutual fund clients, Bogle has built a $100 billion mutual fund company on principles of candor, fairness, and low cost. Bogle on Mutual Funds is his straightforward assessment of the industry he knows so well, written for the investor who wants a true and unflinching portrayal. Bogle not only explains the basic principles of canny mutual fund investing, but also explores its subtle nuances and exposes the hype and fads that often lure investors into making unwise decisions. Rather than a quick route to "wealth without risk", this conscientious guide offers strategies for developing a diversified portfolio that will weather the market's short-term variations. With painstaking care, Bogle warns the reader of the major pitfalls common to mutual fund investing. This is the book to read if you are serious about mutual funds. Encouraging investors to take into account their investment attitudes, their position in the "life cycle" of an investment program, and the behavior of the securities markets over the long run, Bogle on Mutual Funds provides a solid framework for establishing a long-term investment portfolio, one based on sensible selections from among the thousands of stock funds, bonds funds, and money market funds available in this burgeoning industry. Every intelligent investor should read what Jack Bogle has to say about mutual funds.
About the Author
John Bogle (Valley Forge, PA) is founder and former chief executive of The Vanguard Group, the world's largest no-load mutual fund company, with more than $500 billion in assets owned by 12 million shareholders. In 1999, Fortune named Mr. Bogle one of the four financial giants of the 20th century, and Princeton University, his alma mater, awarded him its coveted Woodrow Wilson Award. His first book, Bogle on Mutual Funds, has sold over a quarter-million copies in hardcover and paperback.
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