Guiding principles and timeless wisdom from an investment industry giant
"[John Bogle's] great contribution—his single-minded mission—has been to insist that those [mutual] funds should be managed, first and foremost, in a way truly to serve the interests of the investing public."
—From the Foreword by Paul A. Volcker
When John Bogle founded Vanguard in 1974, he dared to challenge the financial marketplace by introducing a truly mutual mutual fund management structure in which the funds' management company is owned by its mutual fund shareholders and dedicated to placing their interests as the firm's highest responsibility—a fiduciary trust.
Originally published in 2001, John Bogle on Investing: The First 50 Years is filled with Bogle's unparalleled investment wisdom and essays that reveal his guiding philosophy of sound investing and insights into selecting equity and bond funds, with index funds at the core of his strategy. This examination of Bogle's career concludes with the first publication of his 1951 groundbreaking Princeton University thesis "The Economic Role of the Investment Company".
Bogle brings a strong sense of fiduciary responsibility, an analytical mind, a respect for his colleagues at all levels of Vanguard, and a dedication to his clients. This book gives millions of investors the knowledge and perspective they need in order to successfully invest for the future.