Don't Count on It! Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes

Throughout his legendary career, John Bogle-founder of the Vanguard mutual fund group and creator of the first index mutual fund--has helped investors build wealth the right way and led a tireless campaign to restore common sense to the investment world. Based on 25 or so speeches Bogle has delivered to professional groups and college students in recent years, Don't Count on It argues that the world of finance is marked by too much cost, and not enough value; too much speculation, and not enough investment; too much complexity, and not enough simplicity. Broken down into six segments with an introduction to each, Bogle will provide a preface, and a tentative foreword from Alan Blinder. Written in a straightforward and accessible style, Bogle offers his unparalleled insights on money, on the values we should emulate in our business and professional callings, and on what we should consider as the true treasures in our lives.

John C. Bogle is the founder of the Vanguard Group of Mutual Funds and President of its Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as chairman and chief executive officer until 1996 and senior chairman until 2000. In 1999, Fortune magazine named Mr. Bogle as one of the four "Investment Giants" of the twentieth century; in 2004, Time magazine named him one of the world's 100 most powerful and influential people, and Institutional Investor presented him with its Lifetime Achievement Award. In 2010, Forbes magazine described him as the person who "has done more good for investors than any other financier of the past century." Mr. Bogle graduated from Blair Academy cum laude in 1947 and Princeton University in 1951, magna cum laude in economics. In 1999, he received the University's Woodrow Wilson Award for distinguished achievement in the nation's service.
Don't Count on It! is Mr. Bogle's ninth book. His earlier books include Common Sense on Mutual Funds, The Battle for the Soul of Capitalism, The Little Book of Common Sense Investing, and Enough.