Don't Count on It!

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, while leading a tireless campaign to restore common sense to the investment world. In this collection of speeches based on recent college talks, Bogle addresses eight important subjects: How index funds work—and why they are superior to actively managed funds.   The potential pitfalls of active investing, including poor quality of management, high expenses and lack of diversification.   How capitalism fails to reward those who genuinely contribute to society.   How the financial industry has lost touch with its true mission.   The need for small investors to band together in order to make their voices heard on issues like this.   Incisive advice to America's future business leaders, including an inspirational message about what success really means.