John Bogle on Investing: The First 50 Years

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 Fifty 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 in Investing 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.

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, True Measures of Money, Business, and Life, The Little Book of Common Sense Investing, and The Clash of the Cultures: Investment vs.Speculation, all published by Wiley.