The importance of the life's work of mutual fund pioneer and investing legend John C. Bogle The Man in the Arena offers the essence of John C. Bogle's thinking and the meaning of his life's work, which transformed individual investing to benefit tens of millions of investors. Through Bogle's own words as well as the voices of others whose hearts and minds he touched the book touches on topics he cares about most deeply: Vanguard, indexing, corporate governance, and a fiduciary society. From Vanguard shareholders to true giants in finance, one cannot read their words without being struck by their sheer intensity. Bogle's parade of admirers is passionate. It is led by, arguably, the two most acclaimed leaders of our day in the world of investing and the public life of the world Warren Buffett and President Bill Clinton. The book is a first take at putting Bogle's life work into a broader context. It includes some of Bogle's classic essays and leads to an agenda of reform Bogle feels is essential to preserve our democratic republic. It features insight on the man from such commentators as Arthur Levitt, Burton Malkiel, Paul Volcker, and many more.
* Features wisdom and commentary on the career and life of legendary investor John C. Bogle * Presents a summary of Bogle's prominent and successful career, as well as his investing strategies * Includes commentary from a Who's Who of top investors
Knut A. Rostad, editor of The Man in the Arena, is the founder and President of the Institute for the Fiduciary Standard, a nonprofit organization that advances fiduciary principles through research, education, and advocacy.
Foreword by andrew golden xi Introduction by knut a. rostad xv Part I: The John C. Bogle Legacy Forum A Vision for Resorting Trust Chapter 1: Four Distinguished Panels 13 Chapter 2: A Conversation with Paul Volcker and John C. Bogle 61 Part II: The Vanguard Vision Chapter 3: Character Counts The Introduction 84 Chapter 4: A Time to Dance 89 Chapter 5: The Power of an Idea: Reflections on Our 25th Anniversary 91 Chapter 6: On Human Beings Clients and Crew 100 Chapter 7: Big Money in Boston ... The Commercialization of the Mutual fund industry 116 Part III: The Index Fund Vision Introduction by Joe Mansueto 150 Chapter 8: As the Index Fund Moves from Heresy to Dogma, What More Do We Need to Know? 155 Chapter 9: The Bogle Issue of the Journal of Indexes 178 Part IV: The Corporate Governance Vision Introduction by Nell Minow 212 Chapter 10: The Silence of the Funds: Why Mutual Funds Must Speak Out on the Governance of Our Nation s Corporations 216 Chapter 11: What Went Wrong in Corporate America? 247 Part V: The Vision of Service to Society Chapter 12: Fiduciary Duty No Man Can Serve Two Masters 274 Chapter 13: Philanthropy Serving Our Community and Our Nation 301 Part VI: Rewards for the Vision Letters of Appreciation Introduction by Allan Roth Chapter 14: Comments from the Bogleheads 318 Chapter 15: Letters from Vanguard Clients 328 Chapter 16: Letters from Vanguard Crew Members 341 Part VII: Support for the Vision Forewords to Bogle Books Introduction by Jeremy Duffield 358 Chapter 17: The Forewords 364 Appendix 395 References 397 Index 401