John C. Bogle, founder of The Vanguard Group of Investment Companies, is both a dynamic leader in the mutual fund industry and its most outspoken critic. Best known for his crusade against unfair treatment of mutual fund clients, Bogle has built a $100 billion mutual fund company on principles of candor, fairness, and low cost. Bogle on Mutual Funds is his straightforward assessment of the industry he knows so well, written for the investor who wants a true and unflinching portrayal. Bogle not only explains the basic principles of canny mutual fund investing, but also explores its subtle nuances and exposes the hype and fads that often lure investors into making unwise decisions. Rather than a quick route to 'wealth without risk, ' this conscientious guide offers strategies for developing a diversified portfolio that will weather the market's short-term variations. With painstaking care, Bogle warns the reader of the major pitfalls common to mutual fund investing. This is the book to read if you are serious about mutual funds. Encouraging investors to take into account their investment attitudes, their position in the 'life cycle' of an investment program, and the behavior of the securities markets over the long run, Bogle on Mutual Funds provides a solid framework for establishing a long-term investment portfolio, one based on sensible selections from among the thousands of stock funds, bonds funds, and money market funds available in this burgeoning industry. Every intelligent investor should read what Jack Bogle has to say about mutual funds. John Bogle--investment giant and founder of the Vanguard Group of mutual funds--offers a hands-on guide for creating a long-term investment program that can be tailored to any investor's financial goals. Written in down-to-earth terms for investors at any level, 'Bogle on Mutual Funds: New Perspectives for the Intelligent Investor' explores the rewards of investing, the inherent investment risks, and the pitfalls to avoid. Drawing on his years of investment wisdom and success, Bogle outlines the time-tested principles and practicalities of investing through mutual funds. At the heart of Bogle's analysis are three 'New Perspectives' on key investment issues. When the first edition of 'Bogle on Mutual Funds' was published in 1993, these topics had not been given much attention in financial literature. Today, however, these ideas are firmly in the mainstream of investing's conventional wisdom. Those three new perspectives--index funds, mutual fund costs, and taxes and mutual funds-- remain critically important topics for mutual fund investors to consider. Bogle shows the way to intelligently navigate these issues in order to maximize your chances for investment success. Bogle's approach to mutual fund investing offers an effective method for developing a broadly diversified investment program. Step by step, he shows how to develop a long-term and strategic investing approach that balances the myriad market risks and shows how to manage the bumps along the volatile road of the marketplace. With Bogle on your side, you can learn how to spot excessive fees, reduce taxes, steer clear of overblown advertising claims, and ultimately create a portfolio that will meet your own financial objectives. 'Bogle on Mutual Funds' gives investors the keys to adopting an effective asset allocation strategy, selecting appropriate mutual funds, and employing the savvy use of index funds. Fundamental to the Bogle approach is an understanding of the role of the many costs of investing, including advisory fees, operating expenses, and sales charges. Return, risk, and cost are the three legs of Bogle's eternal triangle of investing. John Bogle has built his acclaimed mutual fund company on the fundamental principles of candor, fairness, and low cost. 'Bogle on Mutual Funds: New Perspectives for the Intelligent Investor,' his first book, has become a classic. The framework it presents for creating an investment portfolio is well grounded in Bogle's fact-founded wisdom and guiding principles, proven over and over again during the near-quarter-century since its first publication in 1993. Investment giant John Bogle's guide to creating a solid portfolio 'Dear Jack: I read your book from cover to cover and enjoyed it immensely. It is honest, sensible, and readable--a very rare combination. Your book is going to be an important one for mutual fund investors for many years to come.'--Warren E. Buffett John Bogle is the acclaimed founder of the Vanguard Group, a unique, shareholderowned firm that is based on his guiding principles of candor, fairness, and low costs. With 'Bogle on Mutual Funds: New Perspectives for the Intelligent Investor,' any investor--no matter what your level of expertise--can tap into the wisdom of John Bogle's proven mutual fund investment approach. Whatever your long-range financial goals, 'Bogle on Mutual Funds' can help you to put in place a portfolio strategy that is grounded in the three legs of Bogle's eternal triangle of investing: return, risk, and cost. Bogle includes model portfolios that can help you intelligently make your most important investment decisions. You'll also find Bogle's original analysis of 'New Perspectives' on three key issues: 1) the elegantly simple case for index funds, 2) the overbearingly large impact of costs on mutual fund returns, and 3) the impact of taxes on mutual fund returns. These three topics were rarely considered in 1993 when 'Bogle on Mutual Funds' was first published. Now they are at the heart of investing's conventional wisdom. Written in terms equally accessible to both the investing novice and the professional investor, this book is an important resource offering a reliable investment framework. This book will help you to become a more successful investor.