Don't Count on It!: Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes [NOOK Book]

Overview

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 ...

See more details below
Don't Count on It!: Reflections on Investment Illusions, Capitalism,

Available on NOOK devices and apps  
  • NOOK Devices
  • Samsung Galaxy Tab 4 NOOK
  • NOOK HD/HD+ Tablet
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$16.49
BN.com price
(Save 44%)$29.95 List Price
Note: This NOOK Book can be purchased in bulk. Please email us for more information.

Overview

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.

Read More Show Less

Product Details

  • ISBN-13: 9780470949023
  • Publisher: Wiley
  • Publication date: 10/26/2010
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 496
  • Sales rank: 837,444
  • File size: 3 MB

Meet the Author

John C. Bogle is the founder of the Vanguard Group of Mutual Funds and President of its Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as chairman and chief executive officer until 1996 and senior chairman until 2000. In 1999, Fortune magazine named Mr. Bogle as one of the four "Investment Giants" of the twentieth century; in 2004, Time magazine named him one of the world's 100 most powerful and influential people, and Institutional Investor presented him with its Lifetime Achievement Award. In 2010, Forbes magazine described him as the person who "has done more good for investors than any other financier of the past century." Mr. Bogle graduated from Blair Academy cum laude in 1947 and Princeton University in 1951, magna cum laude in economics. In 1999, he received the University's Woodrow Wilson Award for distinguished achievement in the nation's service.
Don't Count on It! is Mr. Bogle's ninth book. His earlier books include Common Sense on Mutual Funds, The Battle for the Soul of Capitalism, The Little Book of Common Sense Investing, and Enough.
Read More Show Less

Table of Contents

Foreword.

Introduction.

A Note to the Reader.

Part One. Investment Illusions.

Chapter 1 Don't Count on It! The Perils of Numeracy.

Chapter 2 The Relentless Rules of Humble Arithmetic.

Chapter 3 The Telltale Chart.

Chapter 4 A Question So Important That It Should Be Hard to Think about Anything Else.

Chapter 5 The Uncanny Ability to Recognize the Obvious.

Part Two. The Failure of Capitalism.

Chapter 6 What Went Wrong in Corporate America?

Chapter 7 Fixing a Broken Financial System.

Chapter 8 Vanishing Treasures: Business Values and Investment Values.

Chapter 9 A Crisis of Ethic Proportions.

Chapter 10 Black Monday and Black Swans.

Chapter 11 The Go-Go Years.

Part Three. What's Wrong with "Mutual" Funds.

Chapter 12 Re-Mutualizing the Mutual Fund Industry: The Alpha and the Omega.

Chapter 13 A New Order of Things: Bringing Mutuality to the "Mutual" Fund.

Chapter 14 The Fiduciary Principle: No Man Can Serve Two Masters.

Chapter 15 Mutual Funds at the Millennium: Fund Directors and Fund Myths.

Chapter 16 "High Standards of Commercial Honor . . .Just and Equitable Principles of Trade . . .Fair Dealing with Investors".

Part Four. What's Right with Indexing.

Chapter 17 Success in Investment Management: What Can We Learn from Indexing?

Chapter 18 As the Index Fund Moves from Heresy to Dogma, What More Do We Need to Know?

Chapter 19 "The Chief Cornerstone".

Chapter 20 Convergence! The Great Paradox: Just as Active Fund Management Becomes More and More Like Passive Indexing, So Passive Indexing Becomes More and More Like Active Fund Management.

Part Five. Entrepreneurship and Innovation.

Chapter 21 Capitalism, Entrepreneurship, and Investing: The 18th Century versus the 21st Century.

Chapter 22 Seventeen Rules of Entrepreneurship.

Chapter 23 "Vanguard: Saga of Heroes".

Chapter 24 When Does Innovation Go Too Far?

Part Six. Idealism and the New Generation.

Chapter 25 Business as a Calling.

Chapter 26 The Right Kind of Success.

Chapter 27 "This Above All: To Thine Own Self Be True".

Chapter 28 "Enough".

Chapter 29 If You Can Trust Yourself . . . .

Chapter 30 The Fifth "Never".

Chapter 31 "When a Man Comes to Himself ".

Part Seven. Heroes and Mentors.

Chapter 32 Walter L. Morgan.

Chapter 33 Paul A. Samuelson.

Chapter 34 Peter L. Bernstein.

Chapter 35 Bernard Lown, MD.

Index.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing all of 4 Customer Reviews
  • Anonymous

    Posted March 11, 2011

    No text was provided for this review.

  • Anonymous

    Posted April 10, 2011

    No text was provided for this review.

  • Anonymous

    Posted February 16, 2011

    No text was provided for this review.

  • Anonymous

    Posted January 10, 2011

    No text was provided for this review.

Sort by: Showing all of 4 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)