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Stay the course : the story of Vanguard and the index revolution /
A journey through the Index Revolution from the man who started it all Stay the Course is the story the Vanguard Group as told by its founder, legendary investor John C. Bogle. This engrossing book traces the history of Vanguard-the largest mutual fund organization on earth. Offering the world'...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
John Wiley & Sons, Inc.,
[2019]
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro; Stay the Course; Dedication; Contents; About Stay the Course; What This Book Contains; Striving for Accuracy; Foreword; Part I The Story of Vanguard; Chapter 1 1974: The Prophecy; Structure and Strategy; 2018: The Prophecy Fulfilled; Vanguard: Lowering Costs for Investors; Index Strategy Follows Mutual Structure; "The Emperor's Clothes"; Chapter 2 1945-1965: The Background
- Blair, Princeton, Fortune, and Wellington; 1949: "Big Money in Boston"; "The 'Mutual' Fund"; 1951: "The Economic Role of the Investment Company"; July 1951: Enter Wellington and Walter Morgan
- Modus Operandi 1951: One Fund per ManagerThe Power of Conservative Investing; Staying the Course; Chapter 3 1965-1974: The "Go-Go" Era, the Aftermath, and the Formation of Vanguard; The "Go-Go" Era; Bagels Out, Doughnuts In; "I Was Too Conservative"; Three Strikes ... but Not Quite Out; The Merger; The "Peace Dollar"; The Bubble Bursts; 1970-1974: Bear Market Follows Bull Market; Fiduciary Duty ... but to Two Masters?; The Wrong Scapegoat; "Ex-Fund Chief to Come Back"; The Board Meeting That Changed Everything; Achieving Independence; Chuck Root: The Indispensable Man
- Option #2: "Weak Tea""Fired with Enthusiasm!"; The Challenge; Vanguard: The Birth of a New Flagship; A Narrow Escape; The First Skirmish; Game Over?; "A Near-Run Thing"; The Shareholders Approve; A Full-Fledged Mutual Fund Complex Emerges; "A Plague on Both Your Houses?"; Two Memorable
- and Opposite
- Reactions; Staying the Course; Chapter 4 The Index Fund Revolution: From Birth to Dominance; 1951: The Seed Is Planted; Motive and Opportunity; Persuading Vanguard's Directors That Costs Matter; "The Fund Is Not Managed"; First Index Investment Trust; Who Was First? Who Survived?
- More Index FailuresThe IPO; Fortune Strikes ... Again; Dr. Samuelson Redux; The Road Shows Yield a Flop; "Bogle's Folly"; 280 Stocks, Not 500; "The Stone That the Builders Rejected Has Become the Chief Cornerstone"; Vanguard 500 Index Fund: Real-World Success; Recap: 15,000 Grows to 1,127,704; Caveats; Vindication: Money Talks; Buffett and Swensen; Paul Samuelson Completes a New "Murderer's Row"; Staying the Course; Chapter 5 1974-1981: A New Beginning; The First Step; The Anomaly of Fund Share Distribution; February 1977: Control of Marketing and Distribution
- Struggling with the Index FundThe 500-Index Superiority Fades; The Go-Go Era, the Nifty Fifty Era, and Their Aftermath; Wellington Fund Assets Drop by 75%; 1971: The Money Market Fund; A Late Start; 1977: The Defined-Maturity Municipal Bond Fund; A Simple Innovation; A Curious Anomaly; Vanguard Fixed Income Group Takes Shape; New Fund Profile; 1978-1993: 200-Plus Reductions in Advisory Fees; Only the Beginning; A Wave of Fee Reductions; The Wellington Fund Example; Across-the-Board Fee Reductions; Negotiating Fees on New Vanguard Funds; Index Funds and Bond Funds: Still Lower Costs