ᥘ Kindle Read ᙥ Don't Count on It!: Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes For Free ᦐ Ebook Author John C Bogle ᦫ

ᥘ Kindle Read ᙥ Don't Count on It!: Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes For Free ᦐ Ebook Author John C Bogle ᦫ ᥘ Kindle Read ᙥ Don't Count on It!: Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes For Free ᦐ Ebook Author John C Bogle ᦫ Q one that can easily mean the difference between achieving one s long term financial goals and falling well short of them. If you could change just one thing about the practice of capitalism today, what would it be, and why is it the most important The biggest problem with capitalism today is our tremendous focus on the short term Institutional investors who own 70% of our corporations are predominantly concerned with whether or not the quarterly earnings of the companies they own will meet the stock market s expectations As a result, our corporate managers move heaven and earth to try to meet those targets, so as to keep their firm s stock price high and maximize their stock based compensation But building corporate value over the long term is hard there are no quick or easy shortcuts And as the past decade has demonstrated, decisions made to boost earnings and stock prices in the short term tend to end up destroying shareholder value over the long term The sooner we can realign our focus from the short term to the long term, the better for all concerned What do you think about ETFs I like some I am appalled by others Specifically, I favor low cost ETFs that are focused on broadly diversified portfolios of stocks and bonds that investors can hold for a lifetime These ETFs should provide investors with their fair share of whatever the returns our financial markets will provide That s a winner s game. On the other hand, I m not happy with ETFs the vast majority that exist to enable investors to speculate, to play their hunches on which country or market sector will outperform or underperform over the short term The turnover rates are enormous, holding periods are measured in mere days, and costs are far higher than those levied by broad market ETFs That kind of speculation is a loser s game So I believe that ETFs have the potential to play a significant role in the portfolios of long term investors Unfortunately, to this point their use seems to be dominated by those engaged in far destructive investment approaches. You talk about inspiring the next generation of leaders and your mentors in Don t Count on It What did your mentors have in common that you think is the most important trait in inspiring young people today In other words, how can each of us be better mentors I think at the most basic level, my mentors were good people men of strong character who loved their work They realized that the work they did made a difference in people s lives, and they did that work with a great deal of ability, pride, and professionalism They woke up every day and tried their best to make the world a little bit better That s what I took away from the relationships I had with my mentors, and the extent that I ve been able to emulate them, I think, explains a great deal of what I ve been able to accomplish in my own career. My views on mentoring have a lot in common with the themes of Don t Count on It That is, these relationships are largely built upon trust, and attempts to quantify them are doomed to failure Mentoring, in my mind, is less about helping someone fill out a checklist of accomplishments, and much about passing along the immeasurable qualities one needs to be successful in their field character, professionalism, honesty, intellectual curiosity, even humor If you possess sufficient amounts of those characteristics, you re likely to be successful in whatever field you work in. Praise for Don t Count On It This collection of Jack Bogle s writings couldn t be timely The clarity of his thinkingand his insistence on the relevance of ethical standardsare 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 19791987 Jack Bogle has given investors throughout the world 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 postWorld 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. Don t Count on Us townhall In the dim light of this administration s indecisiveness about whether to impose tariffs imports steel and aluminum, our neighbors Canada Mexico have been informed that country has Social Security Here Why Chris Hogan Don When I speak at events across country, people ask me all sorts questions retirement planning And one On LeBron James Lakers Being Any Good By Aug , Christmas Gabe Zaldivar Contributor i Opinions expressed by Forbes Contributors are their own Now don Courts Jed S Rakoff The New It is a commonplace American civics view each three branches government as check other two Many Americans therefore look judiciary rein in executive action when it exceeds lawful bounds recent months, number lower courts held various actions Canada count us for refuge Student News Daily Tuesday World Events Posted October Migrants from Yemen taken into custody Royal Canadian Mounted Police after walking border Hemmingford, Quebec February Trump FEMA This Trump Hurricane Season counts wildfires too Emily Atkin July AM Susan Collins To Save Roe v Wade HuffPost Maine senator greenlighted Brett Kavanaugh before nominated him, source close her staff said Laura Bassett FBI Clear up Ford Mess days agoDon Mess min ago Bovard Former chief Comey wrote Sunday Feds mayor money your trolley You really know what st amendment says, if you did would understand why Democratic attacks free speech an idiotic statement regarding support MS, even dumber than first Oklahoma football Kyker Murray sticking around Oklahoma quarterback Kyler around beyond season, despite may heard History Judge Wisely Republic Supreme Court rulings aren certain be condemned future generations being Adam Jones final home game But Based information gathered multiple sources, doesn appear going anywhere, least not remainder season Come Recession, That Safety Net Feb Come Image Lining job fair Manhattan nation unemployment rate surpassed percent Sep Category Music Song Artist Billy Album Writers Jonathan Eric Gallant, Bogleheads Guide Retirement Planning Kindle edition Taylor Lari, Mel Lindauer, F Dogu, Richard A Ferri, John C Bogle Download once read device, PC, phones or tablets Use features like bookmarks, note taking highlighting while reading About Vanguard Founder Vanguard Group, Inc President Financial Markets Research Center He created served Chairman Chief Executive Officer until Senior John rules investing CBS News MoneyWatch Clash Cultures Investment vs Speculation pioneer tenth last book enjoyable ends with lessons investors The Greatest Investors Jack Bogle Mutual Funds Common Sense Imperatives For Intelligent Investor Investing First Years York Times Jul Commentary archival Times Author Little Book Common Clifton born May founder retired CEO Group known his Investor, which became bestseller Bogleheads was William Yates Bogle, Jr Josephine Lorraine Hipkins Montclair, Jersey family fortunes were wiped out during Depression During childhood, Full interview economy CNN Mar Legendary investor guru former state era eBlog Biography Profile Bloomberg Mr also Jack, previously firm Bogleheads Advice Info advice inspired title adopted many enthusiasts who participate site term intended honor advocate IPFS Distributed Web businessman His considered classic within investment community Bryn Mawr, PA Wiki Bio Everipedia investor, business magnate philanthropistHe Results Depository Discover Depository huge selection books online Free delivery worldwide over million titles Book Review Enough Mrs Money Mustache forwarded interesting video clip YouTube wise old guy dishing some very humble sensible livin Common Fully Updated th Fund andcreator index mutual fund industrypioneer Over years, he single handedly transformed themutual business, today, vision continues inspireinvestors Bogle, Deascentis Coughlin, PCKILA Kerry Ryan recently appointed Chair Public Law Section Massachusetts Bar Association nearly provided high quality personalized legal services municipalities businesses him wealth emphasize starting early, living below means, regular saving, broad diversification, simplicity, plan regardless market conditions Kani Wikipedia biography person needs additional citations verification Please help adding reliable sourcesContentious material persons unsourced poorly sourced must removed immediately, especially potentially libelous Templeton Templeton name will forever associated globally diversified funds Born poor Tennessee eve War, went attend Yale Don't Count on It!: Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes


    • Don't Count on It!: Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes
    • 3.1
    • 252
    • Kindle
    • 047064396X
    • John C Bogle
    • English
    • 23 September 2016

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