An earlier book by Senior Chairman John Bogle now available in paperback.
A comprehensive book from Vanguard Senior Chairman John Bogle. While we don't agree on everything, John Bogle always provides well-reasoned arguments for buying Vanguard's index funds and the reasoning behind long-term investing. Order Common Sense on Mutual Funds now.
John Bogle on Investing: The First Fifty Years is a compilation of speeches, and includes his original thesis which was the basis of The Vanguard Group of Investment Companies.
John Neff on Investing is a book by the former Windsor fund manager. Order John Neff on Investing now.
The Vanguard Experiment: John Bogle's Quest to Transform the Mutual Fund Industry by Robert Slater, published in 1996.
Sell. This fund of funds tracks the Morgan Stanley EAFE index by investing in European Index (currently about 70% of assets) and Pacific Index (the remaining 30%). It's similar to Tax-Managed International, which tracks the same index, though that fund buys stocks directly and comes with a higher minimum and more onerous back-end loads. Performance for the two has been virtually identical. Yet both ignore the emerging markets component that one finds in Total International or World ex-U.S. Index. And there's the rub. If you buy into the indexers' credo that one should index "all" markets rather than a slice of the pie, then this fund is a non-starter.
| Models | October | Year to Date |
| Growth | -2.4% | 23.0% |
| Conservative Growth | -2.1% | 19.1% |
| Income | -0.4% | 16.5% |
| Growth Index | -2.7% | 22.5% |
| The average Vanguard investor |
-1.3% | 13.8% |
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