Stay the Course
Stay the Course trails the history of Vanguard Group as told by its founder, John Bogle. A captivating blend of personal memoir, company history, and investment perspective, this volume puts forward a fascinating look into the marvelous mind of a remarkable man and the empire he created. John Bogle and the Vanguard Group are intrinsically linked. Stay the Course weaves these stories together taking you on a journey through the history of one revolutionary company and one marvelous man. Investors, wealth managers, financial advisors, business leaders, and those who enjoy a good story, will find this book as informative and unique as its author.
This accessible and engaging book will help you:
Explore the history of some of Vanguard’s most important mutual funds, including First Index Investment Trust, Wellington fund, and Windsor fund
Understand how the Vanguard Group gave rise to the Index Revolution and transformed the lives of millions of individual investors
Gain insight on John Bogle’s views on values such as perseverance, caring, commitment, integrity, and fairness
Investigate a wide range of investing topics through the lens of one of the most prominent figures in the history of modern finance
TABLE OF CONTENTS
About Stay the Course
Foreword by Burton G. Malkiel
Part I. The Story of Vanguard
Chapter 1: 1974:The Prophecy
Chapter 2 :1945–1965: The Background –Blair, Princeton, Fortune, and Wellington
Chapter 3: 1965–1974:The “Go-Go” Era, the Aftermath, and the Formation of Vanguard
Chapter 4: The Index Fund Revolution: From Birth to Dominance
Chapter 5: 1974–1981: A New Beginning
Chapter 7: 1991–1996: Preparing for a New Mutual Fund Industry
Chapter 8: 1996–2006: The ETF Revolutionizes Indexing
Chapter 9: 2006–2018: The Momentum Continues – Strategy Follows Structure
Chapter 10: Caring: The Founder’s Legacy
Part II. The Vanguard Funds
Chapter 11: Wellington Fund: Vanguard’s Alpha and Omega
Chapter 12: The Index Funds
Chapter 13: The Windsor Funds
Chapter 14: The PRIMECAP Funds
Chapter 15: The Bond Funds
Chapter 16: Problems and Perspectives
Part III. The Future of Investment Management
Chapter 17: The Fund Industry Becomes Mutual
Chapter 19: “The Financial Institutions Act of 2030”
Part IV. Personal Reflections
Chapter 20: What Really Matters: A Memoir
Books by John C. Bogle