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John Bogle on Investing: The First 50 Years
John Bogle on Investing The First 50 Years Author:John C. Bogle John C. Bogle is one of the 20th century's towering financial giants. Deeply concerned by the devastating impact of high mutual fund costs on the long-term returns earned by investors, he founded Vanguard in 1974. In the space of a few years, he introduced the index mutual fund, pioneered the modern no-load mutual fund, and redefined bond fund m... more »anagement. By creating a novel mutual fund enterprise owned by its shareholders, he gave millions of investors a new and high-powered way to invest and was among the first authoritative voices to challenge the financial establishment. And John Bogle is still in there fighting.�John Bogle on Investing�contains the best of the scores of speeches he's delivered over the years and revisits the important investment themes from which Bogle rarely strayed during his illustrious career:The majesty of simplicity in investment strategyThe productive economics of long-term investingThe counterproductive emotions that can forfeit investment successThe universality of indexing in the financial marketsMinimizing the "fiscal drag" of sales charges, management fees, turnover costs, and opportunity cost« less