Mutual fund industry

Bogle on Fund Structure: Why Vanguard Is Built Different

Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4


Most investors have no idea how their fund company is organized. They pick a fund, send their money, and assume someone responsible is handling things on the other end. And honestly, that’s understandable. Fund structure sounds like the most boring topic in all of investing.

Bogle on Principles: The Mutual Fund Industry Lost Its Way

Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4


Abraham Lincoln once said, “Important principles must be inflexible.” And Bogle opens Chapter 15 with that exact quote because he wants to make a point. The mutual fund industry used to have principles. Real ones. And they were supposed to be the kind of thing you don’t budge on.