If You Can: How Millennials Can Get Rich Slowly by William J Bernstein

Author:William J Bernstein [Bernstein, William J]
Language: eng
Format: azw3
Publisher: Efficient Frontier Publications
Published: 2014-03-27T16:00:00+00:00

So much for an introduction to basic finance. Your next reading assignment is Jack Bogle’s Common Sense on Mutual Funds, perhaps the best introduction to basic finance that’s ever been written.

I’ll end this section with one more bit of full disclosure. I’m proud to call Jack Bogle an acquaintance, but he’s also the founder of the Vanguard Group, which is now the world’s largest mutual fund company. Four decades ago, he made a fateful decision, which was to give ownership in the company to the shareholders of the mutual funds. That is to say, when you own a Vanguard mutual fund, you are the owner of the company that offers it. Because Vanguard’s shareholders own it, the company has no incentive to gouge them with excessive fees and hidden expenses.

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