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Bogle on Mutual Funds: New Perspectives for the Intelligent Investor
John C. Bogle’s book examines mutual funds from the perspective of the long-term investor. It discusses investment risk, asset allocation, fund selection, costs, taxes, and the advertising claims used to present funds to the public. Its scope includes stock, bond, money-market, balanced, and index funds, with attention to the different roles these categories may play in a portfolio. The central concern is how investors can evaluate funds and build a portfolio with a clear awareness of risk and expense.
Bogle’s contribution is to connect these practical questions with a candid assessment of the mutual-fund industry. The book explains the principles behind an investor-focused, low-cost approach, rather than treating fund selection as a search for persuasive claims or spectacular results. Bogle writes as the founder of The Vanguard Group, and the discussion presents the ideas associated with his work in a direct, practical form.
The book’s significance lies in its sustained attention to the relationship between costs, taxes, risk, and long-term outcomes. Its value is interpretive as well as instructional: it asks readers to look past presentation and examine the structure of an investment product. In that sense, it offers a framework for thinking about mutual funds that remains relevant to anyone trying to understand how such funds should be compared.
A collector might care about this work as a clear document of Bogle’s investment philosophy and as an example of financial writing aimed at intelligent, self-directed readers. Its interest is literary in its directness and argumentative clarity, while its artistic value lies in the way it organizes a complex industry into an accessible set of principles. It belongs in a collection focused on influential ideas in modern financial culture, not merely on market technique.
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Bogle on Mutual Funds: New Perspectives for the Intelligent Investor by John C. Bogle, founder of The Vanguard Group. This influential investment guide gives Bogle's candid assessment of the mutual-fund industry and explains the principles behind building and evaluating a long-term fund portfolio.
Bogle discusses investment risk, asset allocation, fund selection, costs, taxes, advertising claims, and the roles of stock, bond, money-market, balanced, and index funds. First published near the beginning of his career as an author, the book became an enduring statement of the low-cost, investor-focused philosophy closely associated with Bogle and Vanguard.
This is the 1994 Richard D. Irwin hardcover first edition and first printing, identified by the complete number line on the copyright page. It is personally inscribed to Jeffrey Citron, signed by John C. Bogle, and dated May 2, 1998. Portions of the handwritten inscription are difficult to decipher, so only the clearly readable recipient, signature, and date are represented here.
Very Good overall, as stated by the seller, with light visible rubbing and minor edge and corner wear to the dust jacket. The jacket is now protected in a removable clear plastic cover. The photographed representative interior spread is clean and legible without visible highlighting, underlining, stains, tears, or annotations. The book will be carefully protected for packaging.
