Summary
Slater traces John Bogle and Vanguard from its start in 1975 through the company’s first two decades. The account examines the formation of the firm, its low-cost position and major decisions made during its growth. It is a history of a fund-management company and its founder, rather than a personal portfolio manual.
Why read it Our view
Study the choice to build a company around low costs and the interests of its customers. The first two decades of Vanguard give founders a case for comparing a firm’s stated purpose with its product position and growth. The inspected catalog describes the scope; it is not a full-book review.
Written about
- John BogleBiography and company-history subjectSlater’s 1996 account follows Bogle and the creation and growth of Vanguard. Bogle’s own bibliography lists the work and its author.Source