Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing Business

This rare intimate look at the world’s fastest growing investment manager provides invaluable lessons for investors and business leaders.

One of the world’s largest and most trusted investing institutions, Vanguard serves over 30 million clients, manages more than eight trillion dollars, and is an influential industry disruptor.

Now, Charles D. Ellis―referred to by Money magazine as “Wall Street’s wisest man”―reveals the story behind Vanguard’s rise to the top of the investing world. Provided unprecedented access to Vanguard’s leaders, Ellis explains why Jack Bogle started Vanguard and how he and his successors developed it into an investment industry disrupter that became the global leader

Ellis includes in-depth interviews with the executives and key leaders of Vanguard, clear takeaways and lessons from their experiences, a primer on ETFs, and Jack Brennan’s Leadership Principles. From the emergence of index funds to the success of exchange-traded funds, Inside Vanguard is a near-Shakespearian drama of individual human struggle and triumph.

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Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing Business

This rare intimate look at the world’s fastest growing investment manager provides invaluable lessons for investors and business leaders.

One of the world’s largest and most trusted investing institutions, Vanguard serves over 30 million clients, manages more than eight trillion dollars, and is an influential industry disruptor.

Now, Charles D. Ellis―referred to by Money magazine as “Wall Street’s wisest man”―reveals the story behind Vanguard’s rise to the top of the investing world. Provided unprecedented access to Vanguard’s leaders, Ellis explains why Jack Bogle started Vanguard and how he and his successors developed it into an investment industry disrupter that became the global leader

Ellis includes in-depth interviews with the executives and key leaders of Vanguard, clear takeaways and lessons from their experiences, a primer on ETFs, and Jack Brennan’s Leadership Principles. From the emergence of index funds to the success of exchange-traded funds, Inside Vanguard is a near-Shakespearian drama of individual human struggle and triumph.

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Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing Business

Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing Business

by Charles D. Ellis
Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing Business

Inside Vanguard: Leadership Secrets From the Company That Continues to Rewrite the Rules of the Investing Business

by Charles D. Ellis

Hardcover

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Overview

This rare intimate look at the world’s fastest growing investment manager provides invaluable lessons for investors and business leaders.

One of the world’s largest and most trusted investing institutions, Vanguard serves over 30 million clients, manages more than eight trillion dollars, and is an influential industry disruptor.

Now, Charles D. Ellis―referred to by Money magazine as “Wall Street’s wisest man”―reveals the story behind Vanguard’s rise to the top of the investing world. Provided unprecedented access to Vanguard’s leaders, Ellis explains why Jack Bogle started Vanguard and how he and his successors developed it into an investment industry disrupter that became the global leader

Ellis includes in-depth interviews with the executives and key leaders of Vanguard, clear takeaways and lessons from their experiences, a primer on ETFs, and Jack Brennan’s Leadership Principles. From the emergence of index funds to the success of exchange-traded funds, Inside Vanguard is a near-Shakespearian drama of individual human struggle and triumph.


Product Details

ISBN-13: 9781264734832
Publisher: McGraw Hill LLC
Publication date: 11/01/2022
Pages: 304
Product dimensions: 5.90(w) x 9.10(h) x 1.20(d)

About the Author

Charles D. Ellis is the author of 19 books on business and investments. His classic Winning the Loser’s Game, now in its eighth edition, was lauded by Peter Drucker as “by far the best book on investment policy and management.” Founder of Greenwich Associates, an international strategic consulting firm focused on financial institutions, Ellis chaired Yale University’s investment committee and the CFA Institute, served on the investment committees of, or as an adviser to, several of the world’s largest endowments and sovereign wealth funds.  Recognized by the CFA Institute as one of 12 leading contributors to the investment profession, he has taught advanced investing courses at Yale and Harvard and the CFA Institute program at Princeton.

Table of Contents

Foreword Robin Wigglesworth ix

Introduction: The Vanguard Adventure xv

Part 1 Opportunities

Chapter 1 Bogie's Beginnings 3

Chapter 2 A Merger Made in Heaven 13

Chapter 3 Troubles Brewing 29

Chapter 4 At War with Wellington 45

Part 2 VAnguard Rising

Chapter 5 Out of the Ashes 55

Chapter 6 The Cost-Fee Nexus 73

Chapter 7 Active Investing 87

Chapter 8 Index Investing 101

Chapter 9 Exchange-Traded Funds 109

Part 3 Organization Builders

Chapter 10 Changeover 117

Chapter 11 Bogle's Legacy 137

Chapter 12 Partners Again 143

Chapter 13 Brennan's Ways 157

Chapter 14 Capital Power 169

Chapter 15 Flywheel 177

Chapter 16 Tim Buckley 189

Part 4 Leading and Innovating

Chapter 17 Advice 199

Chapter 18 Setting Boundaries 213

Chapter 19 Looking Ahead 233

Afterword 239

Appendix 1 ETFs 101 245

Appendix 2 Brennan's Leadership Guide 249

Sources and Acknowledgments 257

Notes 261

Index 271

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