Description:
Bogle made news last year when he unsuccessfully challenged the mandatory retirement policy at Vanguard Group, the mutual funds investment company that he founded in 1974 and that he continued to serve as senior chairman. Bogle has always been well regarded by the press and by Vanguard's 14 million shareholders. He pioneered both no-load and index investment funds and he constantly criticized other companies for their high fees and service charges. The inaugural title in McGraw-Hill's Great Ideas in Finance series, this collection is a fitting tribute to Bogle. It consists of 25 speeches that he made throughout his career. These cover investment strategy, the mutual fund industry, and Bogle's view of human values and the philosophy of investing. Five of the speeches were made before general audiences; one is a high-school commencement address; another discusses organ donation (Bogle is the recipient of a heart transplant). The book concludes with the text of the dissertation Bogle submitted for graduation from Princeton University in 1951; it sets out the ideas that led to the formation of Vanguard nearly a quarter century later. David Rouse.
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