Bogle On Mutual Funds: New Perspectives For The Intelligent Investor (Wiley Investment Classics)

John C. Bogle, founder of The Vanguard Group of Investment Companies, is both a dynamic leader in the mutual fund industry and its most outspoken critic. Best known for his crusade against unfair treatment of mutual fund clients, Bogle has built a $100 billion mutual fund company on principles of candor, fairness, and low cost. Bogle on Mutual Funds is his straightforward assessment of the industry he knows so well, written for the investor who wants a true and unflinching portrayal. Bogle not only explains the basic principles of canny mutual fund investing, but also explores its subtle nuances and exposes the hype and fads that often lure investors into making unwise decisions. Rather than a quick route to "wealth without risk, " this conscientious guide offers strategies for developing a diversified portfolio that will weather the market's short-term variations. With painstaking care, Bogle warns the reader of the major pitfalls common to mutual fund investing. This is the book to read if you are serious about mutual funds. Encouraging investors to take into account their investment attitudes, their position in the "life cycle" of an investment program, and the behavior of the securities markets over the long run, Bogle on Mutual Funds provides a solid framework for establishing a long-term investment portfolio, one based on sensible selections from among the thousands of stock funds, bonds funds, and money market funds available in this burgeoning industry. Every intelligent investor should read what Jack Bogle has to say about mutual funds. This work provides investors with the wisdom of the pioneer of mutual funds to help you identify and execute the ideal mutual fund investment choices for your portfolio. The seminal work on mutual funds investing is now a Wiley Investment Classic Certain books have redefined the way we view the world of finance and investing-books that should be on every investor's shelf. Bogle On Mutual Funds-the definitive work on mutual fund investing by one of finance's great luminaries-is just such a work, and has been added to the catalog of Wiley's Investment Classic collection. Updated with a new introduction by expert John Bogle, this comprehensive book provides investors with the wisdom of the pioneer of mutual funds to help you identify and execute the ideal mutual fund investment choices for your portfolio. The former Vanguard Chief Executive, Bogle has long been mutual funds' most outspoken critic; in this classic book, he provides guidance on what you should and shouldn't believe when it comes to mutual funds, along with the story of persistence and perseverance that led to this seminal work. You'll learn the differences between common stock, bond, money market, and balanced funds, and why a passively managed "index" fund is a smarter investment than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle reveals the truth behind the advertising, the mediocre performance, and selfishness, and highlights the common mistakes many investors make. Consider the risks and rewards of investing in mutual funds Learn how to choose between the four basic types of funds Choose the lower-cost, more reliable investment structure See through misleading advertising, and watch out for pitfalls Take a look into this timeless classic and let Bogle On Mutual Funds show you how to invest in mutual funds the right way, with the expert perspective of an industry leader

The seminal work on mutual funds investing is now a Wiley Investment Classic

Certain books have redefined the way we view the world of finance and investing--books that should be on every investor’s shelf. Bogle On Mutual Funds--the definitive work on mutual fund investing by one of finance’s great luminaries--is just such a work, and has been added to the catalog of Wiley’s Investment Classic collection. Updated with a new introduction by expert John Bogle, this comprehensive book provides investors with the wisdom of the pioneer of mutual funds to help you identify and execute the ideal mutual fund investment choices for your portfolio.

The former Vanguard Chief Executive, Bogle has long been mutual funds' most outspoken critic; in this classic book, he provides guidance on what you should and shouldn't believe when it comes to mutual funds, along with the story of persistence and perseverance that led to this seminal work. You'll learn the differences between common stock, bond, money market, and balanced funds, and why a passively managed "index" fund is a smarter investment than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle reveals the truth behind the advertising, the mediocre performance, and selfishness, and highlights the common mistakes many investors make.

• Consider the risks and rewards of investing in mutual funds
• Learn how to choose between the four basic types of funds
• Choose the lower-cost, more reliable investment structure

• See through misleading advertising, and watch out for pitfalls

Take a look into this timeless classic and let Bogle On Mutual Funds show you how to invest in mutual funds the right way, with the expert perspective of an industry leader. John C. Bogle, founder of Vanguard, thoroughly discusses the risks and rewards of investing in mutual funds. He explains how to select among the four basic categories of funds: common stock, bond, money market, and balanced. He argues convincingly that a passively managed "index fund" costs less and is more reliable than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle, long the mutual fund industry's loudest critic, denounces its misleading advertising, mediocre performance, and selfishness. Sprinkled throughout the text are "caveat emptor" boxes that warn readers of the hidden pitfalls of mutual fund investing. Includes a new introduction by the author. --Publisher's description. John C. Bogle, founder of Vanguard, thoroughly discusses the risks and rewards of investing in mutual funds. He explains how to select among the four basic categories of funds: common stock, bond, money market, and balanced. He argues convincingly that a passively managed "index fund" costs less and is more reliable than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle, long the mutual fund industry's loudest critic, denounces its misleading advertising, mediocre performance, and selfishness. Sprinkled throughout the text are "caveat emptor" boxes that warn readers of the hidden pitfalls of mutual fund investing. Includes a new introduction by the author.--Publisher information Building blocks. The rewards of investing ; The risks of investing ; Mutual funds: principles, practicalities, performance Mutual fund selection. How to select a common stock mutual fund ; How to select a bond mutual fund ; How to select a money market fund ; How to select a balanced mutual fund ; Where to get mutual fund information New perspectives on three key issues. Index funds ; Mutual fund costs ; Taxes and mutual funds Practical application of investment principles. The allocation of investment assets ; Mutual fund model portfolios ; A mandate for fund shareholders Twelve pillars of wisdom. The smarter approach to mutual fund investing, from the industry-defining expert Bogle On Mutual Funds contains the industry-defining wisdom of the mutual fund pioneer John C. Bogle to help you identify and execute the ideal mutual fund investment for your portfolio. The former Vanguard Chief Executive, Bogle has long been mutual funds' most outspoken critic; in this book, he gives you the low down on what you should and shouldn't believe when it comes to mutual funds. You'll learn the differences between common stock, bond, money market, and balanced funds, and why a passively managed ""inde