Author(s): Lewis Braham

Business

The definitive account of how one of the 20th Century's greatest investors revolutionized the mutual fund industry-and his thoughts on the investing world today One of the most revered investors of his time, John Bogle is a financial industry pioneer, an investing guru, a shrewd analyst, and a survivor. We should heed what he has to say about the state of investing today. The House That Bogle Built tells the story of John Bogle, the founding of The Vanguard Group in 1975, and his outlook on the future of investing. It highlights Bogle's revolutionary, iconoclastic nature and his goal of keeping costs low and the interests of investors his top priorities-which was in stark contrast to others in the mutual fund business who were greedy for higher sales profits and management fees. Bogle quickly developed a reputation as being the "conscience" of the industry and has since been revered for helping reform its practices. Featuring never-before-published research and interviews with Bogle himself, The House That Bogle Built covers covers Bogle's views about Vanguard, his successor Jack Brennan, and the current crisis in the world of investing. Bogle firmly believes that investors, who own 70 percent of the shares of large public companies, have done far too little to ensure that large companies avoid financial recklessness. The House That Bogle Built provides a sober perspective on the future of an industry spinning out of control.