Stay the Course. How Vanguard Founder John Bogle Revolutionized Indexing on Wall Street

Is it possible to go from being a waiter and a part-time postal worker to founding an investment fund with five trillion dollars under management? Yes. You just need to stay the course and not veer off the chosen path, as legendary investor John Bogle once decided. An idealistic dreamer and a hard worker. A “crazy fool” fighting for a better financial world and investor profits against a greedy speculative securities market. This book: • is the story of a revolutionary thesis from a Princeton School graduate; • is a guide for anyone looking for a reliable way to “preserve and grow” in the stock market even in uncertain times; • is an autobiographical saga of self-belief; • is a philosophical sermon on the core values of life. John C. Bogle is the founder of The Vanguard Group, Inc. and president of the Bogle Research Center for Financial Markets. Vanguard Group is one of the largest mutual funds in the world. In 2004, TIME magazine named Mr. Bogle one of the 100 most powerful and influential people in the world. In 1999, FORTUNE magazine named him one of the four “giants of the 20th century” in the investment industry. That same year, he received the Woodrow Wilson Award from Princeton University for his outstanding achievements in service to the nation.” “If anyone ever thought of erecting a monument to the person who has done the most for American investors, the choice should fall on John Bogle.” — Warren Buffett, Chairman of Berkshire Hathaway