An Avant-garde Reformer

Title: The House that Bogle Build Author: Lewis Braham Publisher: Tata McGraw Hill Education Pvt Ltd Price: Rs 475 There are not many crusaders who champion the rights of individual investors the way John Bogle, founder and now-retired CEO of Vanguard, the largest mutual fund house in the US, does. In this book, author Lewis Braham, a journalist specialising in personal finance, tells us the story of the inception of Vanguard and how Bogle popularised the low-cost index investing. But this book is not just a praise of the great man: it does not shy away from taking a contrary stance and is in no way a panegyric exercise. ‘Strategy follows structure’ is one of the key concepts championed by Bogle and this idea is best exemplified by Vanguard’s mutualised structure

This article was originally published on June 28, 2012.