Don't Count on It! (ePub)

Praise for Don't Count On It!

"This collection of Jack Bogle's writings couldn't be more
timely. The clarity of his thinking--and his insistence on the
relevance of ethical standards--are totally relevant as we
strive to rebuild a broken financial system. For too many years,
his strong voice has been lost amid the cacophony of competing
self-interests, misdirected complexity, and unbounded greed. Read,
learn, and support Jack's mission to reform the industry that has
been his life's work."

--PAUL VOLCKER, Chairman of the President's Economic
Recovery Advisory Board and former Chairman of the Federal Reserve
(1979-1987)

"Jack Bogle has given investors throughout the world more wisdom
and plain financial 'horse sense' than any person in the history of
markets. This compendium of his best writings, particularly his
post-crisis guidance, is absolutely essential reading for investors
and those who care about the future of our society."

--ARTHUR LEVITT, former Chairman, U.S. Securities and
Exchange Commission

"Jack Bogle is one of the most lucid men in finance."

--NASSIM N.TALEB, PhD, author of The Black Swan

"Jack Bogle is one of the financial wise men whose experience
spans the post-World War II years. This book, encompassing
his insights on financial behavior, pitfalls, and remedies, with a
special focus on mutual funds, is an essential read. We can only
benefit from his observations."

--HENRY KAUFMAN, President, Henry Kaufman &
Company, Inc.

"It was not an easy sell. The joke at first was that only
finance professors invested in Vanguard's original index fund. But
what a triumph it has been. And what a focused and passionate drive
it took: it is a zero-sum game and only costs are certain. Thank
you, Jack."

--JEREMY GRANTHAM, Cofounder and Chairman, GMO

"On finance, Jack Bogle thinks unconventionally. So, this sound
rebel turns out to be right most of the time. Meanwhile, many of us
sometimes engage in self-deception. So, this book will set us
straight. And in the last few pages, Jack writes, and I agree, that
Peter Bernstein was a giant. So is Jack Bogle."

--JEAN-MARIE EVEILLARD, Senior Adviser, First Eagle
Investment Management

Insights into investing and leadership from the founder of
The Vanguard Group

Throughout his legendary career, John Bogle-founder of the
Vanguard mutual fund group and creator of the first index mutual
fund-has helped investors build wealth the right way, while, at the
same time, leading a tireless campaign to restore common sense to
the investment world.

A collection of essays based on speeches delivered to
professional groups and college students in recent years, in
Don't Count on It is organized around eight themes

* Illusion versus reality in investing

* Indexing to market returns

* Failures of capitalism

* The flawed structure of the mutual fund industry

* The spirit of entrepreneurship

* What is enough in business, and in life

* Advice to America's future leaders

* The unforgettable characters who have shaped his career

Widely acclaimed for his role as the conscience of the mutual
fund industry and a relentless advocate for individual investors,
in Don't Count on It, Bogle continues to inspire, while
pushing the mutual fund industry to measure up to their
promise.