Picture of author.

John C. Bogle (1929–2019)

Autor(a) de O Investidor de Bom Senso

13+ Works 2,296 Membros 37 Reviews 3 Favorited

About the Author

John Clifton Bogle was born in Montclair, New Jersey on May 8, 1929. He received a bachelor's degree in economics from Princeton University in 1951. After graduation, he was hired by the Wellington Fund, a Philadelphia-based fund management company. He was named president of Wellington in 1967. He mostrar mais founded the Vanguard Group of Investment Companies in 1974. In 1976, he founded the Vanguard Index Trust, the first index fund for individual investors. In 1977, he started selling mutual funds directly to investors rather than through brokers, thus eliminating the sales fees. He officially stepped down as chief executive of Vanguard in January 1996 and remained as chairman until the end of 1999. He wrote several books including Bogle on Mutual Funds, Common Sense on Mutual Funds, and The Clash of the Cultures: Investment vs. Speculation. He died from esophageal cancer on January 16, 2019 at the age of 89. (Bowker Author Biography) mostrar menos

Obras de John C. Bogle

Associated Works

The Bogleheads' Guide to Investing (2006) — Prefácio — 524 cópias, 4 resenhas
Leading From Within: Poetry That Sustains the Courage to Lead (2007) — Contribuinte — 102 cópias, 3 resenhas
The Bogleheads' Guide to Retirement Planning (2009) — Prefácio — 101 cópias, 4 resenhas

Etiquetado

Conhecimento Comum

Nome de batismo
Bogle, John Clifton
Data de nascimento
1929-05-08
Data de falecimento
2019-01-16
Sexo
male
Nacionalidade
USA
Local de nascimento
Montclair, New Jersey, USA
Local de falecimento
Bryn Mawr, Pennsylvania, USA
Educação
Princeton University (magna cum laude in Economics)
Ocupação
executive
author
Organizações
Phi Beta Kappa
American Philosophical Society
National Constitution Center
Wellington Management
The Vanguard Group (founder)
Premiações
Commonwealth’s Chamber of Commerce as Pennsylvania’s Business Leader of the Year.
Honorary doctorate degrees from Princeton University, University of Delaware, University of Rochester, New School University, Susquehanna University, Eastern University, Widener University, Albright College, Pennsylvania State University, and Drexel University.
Pequena biografia
John Clifton "Jack" Bogle (1929-2019) was the founder and retired CEO of The Vanguard Group. He attended Blair Academy on a full scholarship, earned his undergraduate degree from Princeton University in 1951, and attended evening and weekend classes at the University of Pennsylvania.

Membros

Resenhas

Information value: 7.5 / 10
Prose: 8.5
Content density: 8.5

My first investing book. Highly recommended, though the main premise of investing in low-cost index funds can be a bit repetitive at the beginning. Don't worry, it gets better.
 
Marcado
MXMLLN | outras 14 resenhas | Jan 12, 2024 |
I read this book in 8th grade, and I honestly didn't learn anything from this book since I've been a nerd about this stuff years before. It's a great book for those new to investing and have no idea what to invest in.

Book summed up in 1 sentence: Invest in indexes with low expense ratios, low turnover costs and sales charges (e.g. VOO, VTI).

Here are some other takeaways so you don't have to read this book:
-Inflation and expense ratios can diminish the after-cost return, which factors in expense ratio, sales charge, and turnover costs. These costs are too large to be ignored. For instance, a 9.5% return could very quickly result in a real return of 4.5% after 2% expenses and 3% inflation. Another thing to consider is that as costs increase, so does volatility and risk—where volatility is a measure of risk. This measurement can be used to calculate the risk-adjusted return.
-Low-cost index funds negate these effects with expense ratios as low as 0.04% and leave you with the fair share of low-cost equity returns: they outperform high-cost index funds and actively managed mutual funds after all factors considered. Note that the reason mutual funds carry higher expense ratios is since they require more hands-on management.
-“In the short run the stock market is a voting machine…in the long run it is a weighing machine.”-Benjamin Graham
-Don't look for the needle; buy the haystack
… (mais)
1 vote
Marcado
siamm | outras 14 resenhas | Aug 20, 2023 |
I came to this after reading Tim Hale's "Smarter Investing”, where John Bogle's name was mentioned several times. The goal of this book is to convince the reader that "the classic index fund is the only investment that guarantees the achievement" of investment success and the author sets about his task with zeal. It’s a short volume that gives a good, straightforward overview of the arguments as to why index funds make sense for most (all ?) investors who are looking to invest in equities (and bonds as well). The writing style is clear and logical (if sometimes repetitious) with plenty of data to support the argument. Each chapter ends with a selection of quotes from market practitioners and academics and is a good source of bibliographic material.

I would have liked more discussion of asset allocation than just the few pages in the last chapter (although to be fair it is a short book) and I thought that the author was overly dismissive of Exchange Traded Funds (ETFs). He's also not shy in name-dropping his own company Vanguard and their range of index funds. (Vanguard are an extremely impressive company however !)

Overall, this book is interesting reading and achieved its aim of convincing this reader. Worth buying.
… (mais)
 
Marcado
JamieStarr | outras 14 resenhas | Jul 15, 2023 |
recommended by Warren Buffet; excellent, common sense advice
 
Marcado
pollycallahan | outras 14 resenhas | Jul 1, 2023 |

Listas

Prêmios

You May Also Like

Associated Authors

Estatísticas

Obras
13
Also by
5
Membros
2,296
Popularidade
#11,184
Avaliação
3.9
Resenhas
37
ISBNs
95
Idiomas
4
Favorito
3

Tabelas & Gráficos