Vanguard’s John Bogle pens 12th book

Image via Wiley Books.

A new book entitled Stay the Course by Vanguard founder John Bogle offers new details to familiar stories and industry questions, writes Joseph DiStefano for the Philadelphia Inquirer.

Bogle’s 12th book is again against Wall Street greed. Instead, he puts the focus on low fees, market-index targets, and structural exceptionalism.

The new additions include the Bogle A-Z glossary of life lessons and a section evaluating his three successors, John Brennan, Bill McNabb, and Tim Buckley.

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Throughout the book, Bogle quotes a number of people who have praised his ideas, including Warren Buffett.

He also engages several Vanguard critics, including Yale law professor John Morle, whom Bogle accuses of sneering at Vanguard by arguing that its self-perpetuating management does not meaningfully differ the company from its rivals.

In the book, he also quotes Thomas Carlyle, Adam Smith, and Lin-Manuel Miranda and praises his wife for raising their six children and his late mother for getting both him and his brother into Blair Academy during the Depression.

Read more about Vanguard founder John Bogle’s new book in the Philadelphia Inquirer here.

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