When Jack Bogle speaks, people listen. A leading thinker and visionary who single-handedly transformed the mutual fund business, his name is synonymous with excellence in mutual funds as Warren Buffett's is with excellence in stock investing. This eye-opening work examines the fundamentals of mutual fund investing and shows investors how to ...
When Jack Bogle speaks, people listen. A leading thinker and visionary who single-handedly transformed the mutual fund business, his name is synonymous with excellence in mutual funds as Warren Buffett's is with excellence in stock investing. This eye-opening work examines the fundamentals of mutual fund investing and shows investors how to revolutionize their portfolios by embracing simplicity and then avoiding industry pitfalls. Abridged.
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Publishers Weekly, 1999-03-15 Not that many years ago, an average bookstore might have had two or three books on mutual funds filed away in the business section. Today, as the number of Americans who invest in mutual funds continues to grow, such books take up several aisles in a section of their own. There are guides for data junkies and mathphobes, books that tell how to make a killing and books that tell how to avoid the coming disaster. A few classics stand above the clutter. Bogle on Mutual Funds is one of them. Now the same author has added another. While the first book aimed at educating beginners, the new one seeks to persuade experienced investors to discard received wisdom that isn't so wise after all. While no 450-page work on mutual funds with lots of charts can be considered fun summer reading, the book is always informative and the writing never worse than painless and sometimes quite lively. Bogle speaks with a rare authority. On one hand, he is the founder of Vanguard mutual funds, the second-largest mutual fund company in the world. So he knows the business from the ground up. On the other hand, Vanguard has always been famous for running the lowest-cost mutual funds, funds that eschew loads, engage in sensible strategies and return all profit to the investors. So Bogle is also a leading consumer advocate. That rare combination, mixed with years of serious research and a dash of style, makes Bogle an unparalleled guide to the world of mutual funds. Money Book Club alternate. (Apr.) (c) Copyright PWxyz, LLC. All rights reserved
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