The First 50 Years by John Bogle, is a perfect gift for newly minted MBAs, stockbrokers and young people considering a career in business. Rarely does one encounter a financial behemoth with Bogle's direct and no-nonsense approach to life, money and the mutual fund. John Bogle on Investing provides an antidote to the popular misconception of the materialistic money manager. Bogle, recently retired as chairman of Vanguard Mutual Funds, begins the book with a primer on mutual fund management followed by an invaluable guide to the industry. This book, unlike his others, allows Bogle to share his views on integrity and values as essential ingredients for successful business.
Integrity is in.
And if you seek success and fulfillment, please accept my advice to hold yourselves to the highest moral standards. It will be 'good business' but it will also be good for your souls as well. Paul Volcker, former chairman of the Federal Reserve, wrote the introduction to Bogle on Investing . For anyone who wonders whether the business world will steal her soul, this book resoundingly says no. In general, little is known about the private life, education and daily habits of the man who has presided over the longest stretch of American economic prosperity.