Bogle On Mutual Funds: New Perspectives For The Intelligent Investor

Investment giant John Bogle′s guide to creating a solid portfolio

"This is the definitive book on mutual funds comprehensive, insightful, and most important honest. Any investor who owns or is thinking about owning shares in a fund should read this book from cover to cover."
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 of 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.

JOHN C. BOGLE is founder and former chairman of the Vanguard Group of mutual funds and President of its Bogle Financial Markets Research Center. After creating Vanguard in 1974, he served as chairman and chief executive officer until 1996 and senior chairman until 2000. Bogle is the author of ten books, including Enough., The Little Book of Common Sense Investing, and Clash of the Cultures: Investment vs. Speculation, all published by Wiley.