The Battle for the Soul of Capitalism. John C. Bogle. Yale University Press, 2005, ISBN 0-300-10990-3, 288 pages. doi:10.1017/S1474747207003198

摘要

John Bogle has devoted most of his adult life to helping individuals and institutions achieve long-term investment goals through thoughtful, forceful writing and speaking about mutual funds. Of course, he is perhaps even better known for building Vanguard, the company that embodies insights such as: (1) low expenses are the most important controllable determinant ofrnrelative returns, (2) on average, index funds perform better than more expensive actively managed funds, and (3) mutual fund providers that are owned by and hence aligned with their fundholders are more likely to emphasize points 1 and 2.