Table of Contents

Caveat Emptor Index xxxvii

Part I Building Blocks 1

Chapter One The Rewards of Investing 3

Chapter Two The Risks of Investing 24

Chapter Three Mutual Funds: Principles, Practicalities, Performance 48

Part II Mutual Fund Selection 65

Chapter Four How To Select A Common Stock Mutual Fund 67

Chapter Five How To Select A Bond Mutual Fund 97

Chapter Six How To Select A Money Market Fund 120

Chapter Seven How To Select A Balanced Mutual Fund 135

Chapter Eight Where To Get Mutual Fund Information 147

Part III New Perspectives On Three Key Issues 167

Chapter Nine Index Funds 169

Chapter Ten Mutual Fund Costs 190

Chapter Eleven Taxes and Mutual Funds 209

Part IV Practical Application of Investment Principles 233

Chapter Twelve The Allocation of Investment Assets 235

Chapter Thirteen Mutual Fund Model Portfolios 259

Chapter Fourteen A Mandate For Fund Shareholders 280

Epilogue Twelve Pillars of Wisdom 303

Notes 308

Index 311

About the Author

JOHN C. BOGLE is founder and former chairman of the Vanguard Group of mutual funds and President of its Bogle Financial Markets Research Center. After creating Vanguard in 1974, he served as chairman and chief executive officer until 1996 and senior chairman until 2000. Bogle is the author of ten books, including Enough.: True Measures of Money, Business, and Life, The Little Book of Common Sense Investing, and Clash of the Cultures: Investment vs. Speculation, all published by Wiley.

Reviews

“No investor can be called “intelligent” who doesn’t understand the principles Bogle articulates in this book. The investor may still decide to try his hand at outperforming the market, but he should know what he’s up against.” – Investing.com