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The House that Bogle Built: How John Bogle and Vanguard Reinvented the Mutual Fund Industry

Lewis Braham

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Summary

Braham examines John Bogle and Vanguard’s development, working style and leadership succession. A licensed chapter excerpt follows the first index fund’s launch: gaining board approval, finding an underwriter, handling weak demand and solving computing and trading-cost limits. The wider biography also considers Bogle’s relationship with successor Jack Brennan.

  • SourceMcGraw Hill: The House that Bogle Built · Indexed publisher page: full title, author, print ISBN, 2011; overview discusses internal leadership, Jack Brennan succession and judgment versus process. Direct fetch timed out.
  • SourceMcGraw-Hill-licensed book excerpt in Journal of Indexes · Printed pages 44–49; pages 45–46: board approval, underwriting, weak initial demand, computing limits and broker-cost arrangement. Page 49 confirms permission from McGraw-Hill.

Why read it Our view

Study how a new product moves from board approval to market demand and daily delivery. The launch case includes constraints in funding, computing and transaction costs. It lets founders compare a product’s promise with the operating work needed to deliver that promise at a viable cost.

Written about

  • John BogleBiography and company-history subject
    Braham studies Bogle’s leadership and Vanguard, including succession to Jack Brennan. The inspected source is the indexed original publisher overview; direct fetch timed out.
    Source