Publisher's Synopsis
The pioneering visionary of The Vanguard Group guides investors through the realities of selecting mutual funds today. Incisive analysis of the nature of market returns, the importance of asset allocation, and the benefits of wise fund selection. Insights on the benefits of simplicity in investing, the consistency of index funds, the importance of low costs in shaping investment returns earned by fund shares, the role of bond funds in portfolios, and hidden costs of taxes. Implications for investors of giant fund size, the spread of information technologies, and the passive role of fund directors. Reflections on what it means to create a mutual fund complex focused on the interests of share holders. Approximate running time: 180 minutes. Three compact discs.
