Investment giant John Bogle's guide to creating a solid portfolio
"Dear Jack: I read your book from cover to cover and enjoyed it immensely. It is honest, sensible, and readable—a very rare combination. Your book is going to be an important one for mutual fund investors for many years to come."
—Warren E. Buffett
John Bogle is the acclaimed founder of the Vanguard Group , a unique, shareholderowned firm that is based on his guiding principles of candor, fairness, and low costs. With Bogle on Mutual Funds: New Perspectives for the Intelligent Investor, any investor—no matter what your level of expertise—can tap into the wisdom of John Bogle's proven mutual fund investment approach.
Whatever your long-range financial goals, Bogle on Mutual Funds can help you to put in place a portfolio strategy that is grounded in the three legs of Bogle's eternal triangle of investing: return, risk, and cost. Bogle includes model portfolios that can help you intelligently make your most important investment decisions.
You'll also find Bogle's original analysis of "New Perspectives" on three key issues: 1) the elegantly simple case for index funds, 2) the overbearingly large impact of costs on mutual fund returns, and 3) the impact of taxes on mutual fund returns. These three topics were rarely considered in 1993 when Bogle on Mutual Funds was first published. Now they are at the heart of investing's conventional wisdom.
Written in terms equally accessible to both the investing novice and the professional investor, this book is an important resource offering a reliable investment framework. This book will help you to become a more successful investor.