New Jack Bogle Book!

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

New Jack Bogle Book!

Post by abuss368 » Sun Aug 26, 2018 8:46 pm

Bogleheads -

Here is the new Jack Bogle book "Stay The Course. The Story of Vanguard and the Index Revolution" scheduled for March 2019!!!

Thank you Mr. Bogle!

https://www.amazon.com/Stay-Course-Stor ... john+bogle
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

TravelGeek
Posts: 2451
Joined: Sat Oct 25, 2014 3:23 pm

Re: New Jack Bogle Book!

Post by TravelGeek » Sun Aug 26, 2018 9:24 pm

Thanks! Added to my todo list to order in March. (I’d preorder it, but I might be traveling at the time and want to minimize package deliveries my neighbors need to track)

User avatar
Taylor Larimore
Advisory Board
Posts: 27616
Joined: Tue Feb 27, 2007 8:09 pm
Location: Miami FL

Re: New Jack Bogle Book!

Post by Taylor Larimore » Sun Aug 26, 2018 9:40 pm

abuss368 wrote:
Sun Aug 26, 2018 8:46 pm
Bogleheads -

Here is the new Jack Bogle book "Stay The Course. The Story of Vanguard and the Index Revolution" scheduled for March 2019!!!

Thank you Mr. Bogle!

https://www.amazon.com/Stay-Course-Stor ... john+bogle
abuss368:

I look forward to reading Mr. Bogle's next book. I have read and own all of Mr. Bogle's 11 books.

I credit Mr. Bogle's teachings for giving me and my family a comfortable life-style free of financial worries.

I live in the home that Jack built.

Thank you, Jack!

Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

User avatar
oldzey
Posts: 1101
Joined: Sun Apr 13, 2014 8:38 pm
Location: Land of Lincoln

Re: New Jack Bogle Book!

Post by oldzey » Sun Aug 26, 2018 11:39 pm

Wonderful news - looking forward to Mr. Bogle's new book!
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

nova1968
Posts: 227
Joined: Wed May 18, 2016 12:00 pm

Re: New Jack Bogle Book!

Post by nova1968 » Mon Aug 27, 2018 6:52 am

The title" Stay the course" speaks for itself, yet all I see in on this Forum are numerous recent posts about getting rid of International or replacing TBM with CDs or MM funds because of a temporary downturn.

lostdog
Posts: 1290
Joined: Thu Feb 04, 2016 2:15 pm

Re: New Jack Bogle Book!

Post by lostdog » Mon Aug 27, 2018 8:09 am

nova1968 wrote:
Mon Aug 27, 2018 6:52 am
The title" Stay the course" speaks for itself, yet all I see in on this Forum are numerous recent posts about getting rid of International or replacing TBM with CDs or MM funds because of a temporary downturn.
Stay the course-except international

Buy the haystack-except international

User avatar
nedsaid
Posts: 10644
Joined: Fri Nov 23, 2012 12:33 pm

Re: New Jack Bogle Book!

Post by nedsaid » Mon Aug 27, 2018 8:22 am

lostdog wrote:
Mon Aug 27, 2018 8:09 am
nova1968 wrote:
Mon Aug 27, 2018 6:52 am
The title" Stay the course" speaks for itself, yet all I see in on this Forum are numerous recent posts about getting rid of International or replacing TBM with CDs or MM funds because of a temporary downturn.
Stay the course-except international

Buy the haystack-except international
Stay the course-except bonds. They are down this year and thus are no good. :wink:
A fool and his money are good for business.

TonyDAntonio
Posts: 430
Joined: Thu Mar 03, 2016 8:32 pm

Re: New Jack Bogle Book!

Post by TonyDAntonio » Mon Aug 27, 2018 8:24 am

nova1968 wrote:
Mon Aug 27, 2018 6:52 am
The title" Stay the course" speaks for itself, yet all I see in on this Forum are numerous recent posts about getting rid of International or replacing TBM with CDs or MM funds because of a temporary downturn.
There is only one Jack Bogle. The rest of us are imposters.

User avatar
nedsaid
Posts: 10644
Joined: Fri Nov 23, 2012 12:33 pm

Re: New Jack Bogle Book!

Post by nedsaid » Mon Aug 27, 2018 8:32 am

Just as Frank Sinatra kept coming out of retirement, John Bogle keeps writing his last book.
A fool and his money are good for business.

book lover
Posts: 144
Joined: Thu Aug 23, 2012 4:01 pm

Re: New Jack Bogle Book!

Post by book lover » Mon Aug 27, 2018 9:00 am

I am very much looking forward to reading Mr Bogle's next book, his books are placed in my book shelf with the others classics.

User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: New Jack Bogle Book!

Post by abuss368 » Mon Aug 27, 2018 10:12 am

nedsaid wrote:
Mon Aug 27, 2018 8:32 am
Just as Frank Sinatra kept coming out of retirement, John Bogle keeps writing his last book.
Isn’t it great? Personally I have learned so much!
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

User avatar
nedsaid
Posts: 10644
Joined: Fri Nov 23, 2012 12:33 pm

Re: New Jack Bogle Book!

Post by nedsaid » Mon Aug 27, 2018 10:18 am

abuss368 wrote:
Mon Aug 27, 2018 10:12 am
nedsaid wrote:
Mon Aug 27, 2018 8:32 am
Just as Frank Sinatra kept coming out of retirement, John Bogle keeps writing his last book.
Isn’t it great? Personally I have learned so much!
Yes it is. I have seen many of his videos and the more I see, the more I like him. His books have been excellent.
A fool and his money are good for business.

User avatar
nisiprius
Advisory Board
Posts: 37051
Joined: Thu Jul 26, 2007 9:33 am
Location: The terrestrial, globular, planetary hunk of matter, flattened at the poles, is my abode.--O. Henry

Re: New Jack Bogle Book!

Post by nisiprius » Mon Aug 27, 2018 10:41 am

No eBook (Kindle) edition? Or just not announced yet? [Answered] There will be, it's just not available yet.

(Found it: Wiley website page)

Image
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

Broken Man 1999
Posts: 1569
Joined: Wed Apr 08, 2015 11:31 am

Re: New Jack Bogle Book!

Post by Broken Man 1999 » Mon Aug 27, 2018 11:06 am

Thanks for the tip!

Preordered it from Amazon just now.

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven than I shall not go. " -Mark Twain

davidkw
Posts: 804
Joined: Sun Feb 25, 2007 6:39 pm
Location: Northern VA

Re: New Jack Bogle Book!

Post by davidkw » Mon Aug 27, 2018 1:45 pm

Yes! I will get it the first day coming out. Be a super read!!!
David | | From Jack Brennan's "Straight Talk on Investing", page 23 "Living below your means is the ultimate financial strategy"

Silver Bullet
Posts: 134
Joined: Tue Sep 26, 2017 1:18 am

Re: New Jack Bogle Book!

Post by Silver Bullet » Mon Aug 27, 2018 9:37 pm

Can't wait to read his newest book! Just pre-ordered/pre-paid. Thanks for posting!
Now: Can you remind me in March that I already ordered it? :D

User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: New Jack Bogle Book!

Post by abuss368 » Mon Aug 27, 2018 10:40 pm

I was surprised over the years that Jack Brennan and Bill McNabb never wrote any/more books. Jack Brennan wrote one book.
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

User avatar
stemikger
Posts: 4917
Joined: Thu Apr 08, 2010 5:02 am

Re: New Jack Bogle Book!

Post by stemikger » Tue Aug 28, 2018 6:50 am

Thanks for posting Tony!! I'm looking forward to it!!
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

dbapaddy
Posts: 31
Joined: Tue Aug 14, 2018 1:52 pm

Re: New Jack Bogle Book!

Post by dbapaddy » Tue Aug 28, 2018 7:49 am

I look forward to asking my local library to order it. Too pricey for just me.

sschullo
Posts: 2436
Joined: Sun Apr 01, 2007 8:25 am
Location: Rancho Mirage, CA
Contact:

Re: New Jack Bogle Book!

Post by sschullo » Tue Aug 28, 2018 8:41 am

thanks for the heads up!
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

User avatar
oldzey
Posts: 1101
Joined: Sun Apr 13, 2014 8:38 pm
Location: Land of Lincoln

Re: New Jack Bogle Book!

Post by oldzey » Thu Sep 06, 2018 2:58 am

"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

davidkw
Posts: 804
Joined: Sun Feb 25, 2007 6:39 pm
Location: Northern VA

Re: New Jack Bogle Book!

Post by davidkw » Thu Sep 06, 2018 4:17 am

This will be Jack's best book yet!!!

Will be a best seller!!!
David | | From Jack Brennan's "Straight Talk on Investing", page 23 "Living below your means is the ultimate financial strategy"

User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: New Jack Bogle Book!

Post by abuss368 » Thu Sep 06, 2018 5:40 am

davidkw wrote:
Thu Sep 06, 2018 4:17 am
This will be Jack's best book yet!!!

Will be a best seller!!!
:sharebeer
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: New Jack Bogle Book!

Post by abuss368 » Thu Sep 06, 2018 8:05 am

davidkw wrote:
Thu Sep 06, 2018 4:17 am
This will be Jack's best book yet!!!

Will be a best seller!!!
I have a spot on the bookshelf ready with all his other books in hard cover and perfect condition! I have learned much.

Thank you Jack!
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

azanon
Posts: 1990
Joined: Mon Nov 07, 2011 10:34 am
Location: Little Rock, AR

Re: New Jack Bogle Book!

Post by azanon » Thu Sep 06, 2018 8:12 am

nedsaid wrote:
Mon Aug 27, 2018 8:22 am
lostdog wrote:
Mon Aug 27, 2018 8:09 am
nova1968 wrote:
Mon Aug 27, 2018 6:52 am
The title" Stay the course" speaks for itself, yet all I see in on this Forum are numerous recent posts about getting rid of International or replacing TBM with CDs or MM funds because of a temporary downturn.
Stay the course-except international

Buy the haystack-except international
Stay the course-except bonds. They are down this year and thus are no good. :wink:
And also unless valuations get really out of wack like they did in the late 90s according to the Gordon Equation that "you" probably don't understand, then sell most of your stock if that happens.

But besides all that, yeah stay the course*****.

User avatar
nedsaid
Posts: 10644
Joined: Fri Nov 23, 2012 12:33 pm

Re: New Jack Bogle Book!

Post by nedsaid » Thu Sep 06, 2018 9:12 am

azanon wrote:
Thu Sep 06, 2018 8:12 am
nedsaid wrote:
Mon Aug 27, 2018 8:22 am
lostdog wrote:
Mon Aug 27, 2018 8:09 am
nova1968 wrote:
Mon Aug 27, 2018 6:52 am
The title" Stay the course" speaks for itself, yet all I see in on this Forum are numerous recent posts about getting rid of International or replacing TBM with CDs or MM funds because of a temporary downturn.
Stay the course-except international

Buy the haystack-except international
Stay the course-except bonds. They are down this year and thus are no good. :wink:
And also unless valuations get really out of wack like they did in the late 90s according to the Gordon Equation that "you" probably don't understand, then sell most of your stock if that happens.

But besides all that, yeah stay the course*****.
I guess someone got up on the wrong side of the bed today.

Pretty much what I have said is that during times of market extremes of valuation and sentiment you might want to make adjustments by as much as 20% of your portfolio. On the high side, take some off the top. On the low side, maybe buy some stocks. So when is selling 15% of my stocks in early 2000 selling "most" of my stocks?

I have also said that these extreme events are pretty rare. During my lifetime, there might have been three really big buying opportunities. One would have been after the 1973-74 bear market and again in spring of 2009. There was a lesser opportunity after the 2000-2002 bear market. Pretty much, stocks fell 50% each time. Selling opportunities are harder to identify because markets can be too optimistic for a long time. Going from memory, the US Stock Market probably peaked about 1968 but the bear market didn't come until 5-6 years later. The bubble in the late 1990's lasted a while too. 2008-2009 was a different animal, Valuations as I recall were not nearly as high as late 1999 and early 2000, but this bear market was caused by a real estate bubble and not a stock bubble.

I see these rare portfolio adjustments, overbalancing, more as risk control. Certainly as valuations and sentiment gets higher and higher, risks increase to the investor. Future expected returns decline as risk increases. The US Stock Market was effectively flat from 1968-1984 and again from 2000-2012. These happened in the aftermath of the go-go sixties and the high tech and internet bubble of the late nineties. Nobody, as they say, goes broke taking a profit.

But I don't know when I have ever advocated selling "most" of everything. Selling 20% of my REITs wasn't selling "most" of my REITs. I saw warnings from Larry Swedroe and historically low yields on this and wasn't sure what to do, so I just took some from the top.
A fool and his money are good for business.

azanon
Posts: 1990
Joined: Mon Nov 07, 2011 10:34 am
Location: Little Rock, AR

Re: New Jack Bogle Book!

Post by azanon » Thu Sep 06, 2018 10:03 am

nedsaid wrote:
Thu Sep 06, 2018 9:12 am
azanon wrote:
Thu Sep 06, 2018 8:12 am
nedsaid wrote:
Mon Aug 27, 2018 8:22 am
lostdog wrote:
Mon Aug 27, 2018 8:09 am
nova1968 wrote:
Mon Aug 27, 2018 6:52 am
The title" Stay the course" speaks for itself, yet all I see in on this Forum are numerous recent posts about getting rid of International or replacing TBM with CDs or MM funds because of a temporary downturn.
Stay the course-except international

Buy the haystack-except international
Stay the course-except bonds. They are down this year and thus are no good. :wink:
And also unless valuations get really out of wack like they did in the late 90s according to the Gordon Equation that "you" probably don't understand, then sell most of your stock if that happens.

But besides all that, yeah stay the course*****.
I guess someone got up on the wrong side of the bed today.
I guess someone doesn't know a joke when they see it. I'm happy as a lark, Chief.

But if I must be serious, as most of you know, Bogle hasn't always stayed the course as he didn't in late 99' as I pointed out, but he implores us to do so nonetheless. Don't get me wrong, staying the course isn't easy. How many could say they haven't altered their portfolio for a very long time, such as 20 years or more. Bogle of course can't, but who could?

User avatar
nedsaid
Posts: 10644
Joined: Fri Nov 23, 2012 12:33 pm

Re: New Jack Bogle Book!

Post by nedsaid » Thu Sep 06, 2018 10:10 am

azanon wrote:
Thu Sep 06, 2018 10:03 am
nedsaid wrote:
Thu Sep 06, 2018 9:12 am
azanon wrote:
Thu Sep 06, 2018 8:12 am
nedsaid wrote:
Mon Aug 27, 2018 8:22 am
lostdog wrote:
Mon Aug 27, 2018 8:09 am


Stay the course-except international

Buy the haystack-except international
Stay the course-except bonds. They are down this year and thus are no good. :wink:
And also unless valuations get really out of wack like they did in the late 90s according to the Gordon Equation that "you" probably don't understand, then sell most of your stock if that happens.

But besides all that, yeah stay the course*****.
I guess someone got up on the wrong side of the bed today.

Pretty much what I have said is that during times of market extremes of valuation and sentiment you might want to make adjustments by as much as 20% of your portfolio. On the high side, take some off the top. On the low side, maybe buy some stocks. So when is selling 15% of my stocks in early 2000 selling "most" of my stocks?

I have also said that these extreme events are pretty rare. During my lifetime, there might have been three really big buying opportunities. One would have been after the 1973-74 bear market and again in spring of 2009. There was a lesser opportunity after the 2000-2002 bear market. Pretty much, stocks fell 50% each time. Selling opportunities are harder to identify because markets can be too optimistic for a long time. Going from memory, the US Stock Market probably peaked about 1968 but the bear market didn't come until 5-6 years later. The bubble in the late 1990's lasted a while too. 2008-2009 was a different animal, Valuations as I recall were not nearly as high as late 1999 and early 2000, but this bear market was caused by a real estate bubble and not a stock bubble.

I see these rare portfolio adjustments, overbalancing, more as risk control. Certainly as valuations and sentiment gets higher and higher, risks increase to the investor. Future expected returns decline as risk increases. The US Stock Market was effectively flat from 1968-1984 and again from 2000-2012. These happened in the aftermath of the go-go sixties and the high tech and internet bubble of the late nineties. Nobody, as they say, goes broke taking a profit.

But I don't know when I have ever advocated selling "most" of everything. Selling 20% of my REITs wasn't selling "most" of my REITs. I saw warnings from Larry Swedroe and historically low yields on this and wasn't sure what to do, so I just took some from the top.
I guess someone doesn't know a joke when they see it. I'm happy as a lark, Chief.

But if I must be serious, as most of you know, Bogle hasn't always stayed the course as he didn't in late 99' as I pointed out, but he implores us to do so nonetheless. Don't get me wrong, staying the course isn't easy. How many could say they haven't altered their portfolio for a very long time, such as 20 years or more. Bogle of course can't, but who could?
I guess I misunderstood your comments. I apologize. Yes, I have pointed this out about Mr. Bogle many times on the forum. The thing is, it is unclear what he actually did, there are a couple versions floating around out there. One place, Bogle says that he went from 70% to 30% stocks in early 2000. Another place, Bogle says he went from 70% stocks to 50% over a couple of years. I think the first version was Bogle thinking aloud and the second version was what he actually did. It would be a great question to ask at the next Bogleheads.

As for me, I kind of, sort of, you know, maybe stayed the course. At least I had the good sense not to sell at market bottoms. I am human like everyone else.
A fool and his money are good for business.

azanon
Posts: 1990
Joined: Mon Nov 07, 2011 10:34 am
Location: Little Rock, AR

Re: New Jack Bogle Book!

Post by azanon » Thu Sep 06, 2018 10:14 am

nedsaid wrote:
Thu Sep 06, 2018 10:10 am
azanon wrote:
Thu Sep 06, 2018 10:03 am
nedsaid wrote:
Thu Sep 06, 2018 9:12 am
azanon wrote:
Thu Sep 06, 2018 8:12 am
nedsaid wrote:
Mon Aug 27, 2018 8:22 am


Stay the course-except bonds. They are down this year and thus are no good. :wink:
And also unless valuations get really out of wack like they did in the late 90s according to the Gordon Equation that "you" probably don't understand, then sell most of your stock if that happens.

But besides all that, yeah stay the course*****.
I guess someone got up on the wrong side of the bed today.

Pretty much what I have said is that during times of market extremes of valuation and sentiment you might want to make adjustments by as much as 20% of your portfolio. On the high side, take some off the top. On the low side, maybe buy some stocks. So when is selling 15% of my stocks in early 2000 selling "most" of my stocks?

I have also said that these extreme events are pretty rare. During my lifetime, there might have been three really big buying opportunities. One would have been after the 1973-74 bear market and again in spring of 2009. There was a lesser opportunity after the 2000-2002 bear market. Pretty much, stocks fell 50% each time. Selling opportunities are harder to identify because markets can be too optimistic for a long time. Going from memory, the US Stock Market probably peaked about 1968 but the bear market didn't come until 5-6 years later. The bubble in the late 1990's lasted a while too. 2008-2009 was a different animal, Valuations as I recall were not nearly as high as late 1999 and early 2000, but this bear market was caused by a real estate bubble and not a stock bubble.

I see these rare portfolio adjustments, overbalancing, more as risk control. Certainly as valuations and sentiment gets higher and higher, risks increase to the investor. Future expected returns decline as risk increases. The US Stock Market was effectively flat from 1968-1984 and again from 2000-2012. These happened in the aftermath of the go-go sixties and the high tech and internet bubble of the late nineties. Nobody, as they say, goes broke taking a profit.

But I don't know when I have ever advocated selling "most" of everything. Selling 20% of my REITs wasn't selling "most" of my REITs. I saw warnings from Larry Swedroe and historically low yields on this and wasn't sure what to do, so I just took some from the top.
I guess someone doesn't know a joke when they see it. I'm happy as a lark, Chief.

But if I must be serious, as most of you know, Bogle hasn't always stayed the course as he didn't in late 99' as I pointed out, but he implores us to do so nonetheless. Don't get me wrong, staying the course isn't easy. How many could say they haven't altered their portfolio for a very long time, such as 20 years or more. Bogle of course can't, but who could?
I guess I misunderstood your comments. I apologize. Yes, I have pointed this out about Mr. Bogle many times on the forum. The thing is, it is unclear what he actually did, there are a couple versions floating around out there. One place, Bogle says that he went from 70% to 30% stocks in early 2000. Another place, Bogle says he went from 70% stocks to 50% over a couple of years. I think the first version was Bogle thinking aloud and the second version was what he actually did. It would be a great question to ask at the next Bogleheads.

As for me, I kind of, sort of, you know, maybe stayed the course. At least I had the good sense not to sell at market bottoms. I am human like everyone else.
I was just trying to be cute, and sorry if that sent a wrong message. Speaking generally, I think very highly of Bogle and am very grateful for the changes he helped bring about in the investment industry. That being said, its my personal opinion that he's not necessarily a great "investor", though I certainly consider him very knowledgeable about investing.

I admit I really struggle with sticking to my own strategy. It's something I'm continually trying to work on. So if anything, I do feel a little bit better knowing that even Jack Bogle acknowledges that there have been times that even he didn't do it.

User avatar
nedsaid
Posts: 10644
Joined: Fri Nov 23, 2012 12:33 pm

Re: New Jack Bogle Book!

Post by nedsaid » Thu Sep 06, 2018 10:21 am

azanon wrote:
Thu Sep 06, 2018 10:14 am
nedsaid wrote:
Thu Sep 06, 2018 10:10 am


I guess I misunderstood your comments. I apologize. Yes, I have pointed this out about Mr. Bogle many times on the forum. The thing is, it is unclear what he actually did, there are a couple versions floating around out there. One place, Bogle says that he went from 70% to 30% stocks in early 2000. Another place, Bogle says he went from 70% stocks to 50% over a couple of years. I think the first version was Bogle thinking aloud and the second version was what he actually did. It would be a great question to ask at the next Bogleheads.

As for me, I kind of, sort of, you know, maybe stayed the course. At least I had the good sense not to sell at market bottoms. I am human like everyone else.
I was just trying to be cute, and sorry if that sent a wrong message. Speaking generally, I think very highly of Bogle and am very grateful for the changes he helped bring about in the investment industry. That being said, its my personal opinion that he's not necessarily a great "investor", though I certainly consider him very knowledgeable about investing.

I admit I really struggle with sticking to my own strategy. It's something I'm continually trying to work on. So if anything, I do feel a little bit better knowing that even Jack Bogle acknowledges that there have been times that even he didn't do it.
John Bogle has literally accomplished the impossible. Even though he has flirted with deviations from his basic philosophy, he has been remarkably consistent over the years. He made mistakes and took criticism but you don't succeed without failure and criticism along the way. After all, where is the great mutual fund colossus that Nedsaid built? It doesn't exist. In that light, Mr. Bogle looks pretty darned good.

In the investment world, the guy is a Saint as far as I am concerned. One of the good guys in the business.
A fool and his money are good for business.

User avatar
oldzey
Posts: 1101
Joined: Sun Apr 13, 2014 8:38 pm
Location: Land of Lincoln

Re: New Jack Bogle Book!

Post by oldzey » Fri Sep 07, 2018 12:28 am

I wonder if Mr. Bogle would consider offering some signed copies of his new book? (fingers crossed)

Image
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

User avatar
GoldStar
Posts: 624
Joined: Wed May 23, 2018 10:59 am

Re: New Jack Bogle Book!

Post by GoldStar » Fri Sep 07, 2018 7:46 am

For those that are stating they have read every one of Jack Bogle's books - don't you find them somewhat repetitive?
Am I missing some new messages between the various books or do you also find them repetitive but enjoy reading the same messages with some refreshed data?

nova1968
Posts: 227
Joined: Wed May 18, 2016 12:00 pm

Re: New Jack Bogle Book!

Post by nova1968 » Fri Sep 07, 2018 8:05 am

GoldStar wrote:
Fri Sep 07, 2018 7:46 am
For those that are stating they have read every one of Jack Bogle's books - don't you find them somewhat repetitive?
Am I missing some new messages between the various books or do you also find them repetitive but enjoy reading the same messages with some refreshed data?
Good point, if you already some of his other books he's telling you what you already know.

User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: New Jack Bogle Book!

Post by abuss368 » Fri Sep 07, 2018 8:49 am

GoldStar wrote:
Fri Sep 07, 2018 7:46 am
For those that are stating they have read every one of Jack Bogle's books - don't you find them somewhat repetitive?
Am I missing some new messages between the various books or do you also find them repetitive but enjoy reading the same messages with some refreshed data?
Personally I have always enjoyed his teachings and life stories. Fascinating to me is a person who built an awesome company (and pushed profits back to shareholders).

I have learned much and refer to his books as needed. In fact I purged most other books and gave to the library.
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

indexlover
Posts: 80
Joined: Mon May 11, 2015 10:39 am

Re: New Jack Bogle Book!

Post by indexlover » Mon Sep 17, 2018 7:51 pm

oldzey wrote:
Fri Sep 07, 2018 12:28 am
I wonder if Mr. Bogle would consider offering some signed copies of his new book? (fingers crossed)

Image
Is it possible that there will be pre-release copies available for sale during the conference so folks can get it signed by the legend himself ?
I haven't pre-ordered from amazon hoping that it will be available in early October.
“If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle.” - Mr. Buffett - Berkshire Hathaway ’s 2016 annual report.

davidkw
Posts: 804
Joined: Sun Feb 25, 2007 6:39 pm
Location: Northern VA

Re: New Jack Bogle Book!

Post by davidkw » Tue Sep 18, 2018 7:02 pm

Yes! The index revolution!!! Will be Jack's best book yet!!!
David | | From Jack Brennan's "Straight Talk on Investing", page 23 "Living below your means is the ultimate financial strategy"

User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: New Jack Bogle Book!

Post by abuss368 » Tue Sep 18, 2018 7:14 pm

davidkw wrote:
Tue Sep 18, 2018 7:02 pm
Yes! The index revolution!!! Will be Jack's best book yet!!!
:sharebeer
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

mary1969
Posts: 25
Joined: Sun Jul 01, 2018 3:34 pm
Location: IL

Re: New Jack Bogle Book!

Post by mary1969 » Tue Sep 18, 2018 7:27 pm

just listened to the podcast with rick ferri and jack bogle. looking forward to reading and sharing this book.

i have been with vanguard since the early 90's. I was a futures trader for 29 years (retired). despite my trading background i somehow found vanguard and became a low cost indexer for my personal savings and retirement accounts. To say the least, I was in the minority on the floor of the CBOT. it was one of the best decisions of my life. i owe mr. bogle a great deal of thanks.

User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: New Jack Bogle Book!

Post by abuss368 » Tue Sep 18, 2018 7:44 pm

mary1969 wrote:
Tue Sep 18, 2018 7:27 pm
just listened to the podcast with rick ferri and jack bogle. looking forward to reading and sharing this book.

i have been with vanguard since the early 90's. I was a futures trader for 29 years (retired). despite my trading background i somehow found vanguard and became a low cost indexer for my personal savings and retirement accounts. To say the least, I was in the minority on the floor of the CBOT. it was one of the best decisions of my life. i owe mr. bogle a great deal of thanks.
Priceless.
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

User avatar
Munir
Posts: 2479
Joined: Mon Feb 26, 2007 4:39 pm
Location: Oregon

Re: New Jack Bogle Book!

Post by Munir » Wed Sep 19, 2018 1:25 pm

GoldStar wrote:
Fri Sep 07, 2018 7:46 am
For those that are stating they have read every one of Jack Bogle's books - don't you find them somewhat repetitive?
Am I missing some new messages between the various books or do you also find them repetitive but enjoy reading the same messages with some refreshed data?
Agree. I am an admirer of Jack Bogle, and just plain like him with his down-to-earth style and clarity. He has had a powerful influence in the investment world and on many investors including me. However, I do worry about elevating him to the position of a guru with a resultant cult-like following. I think excessive adoration of Jack really demeans him and what he has accomplished. I know this may prove to be a controversial opinion and I respect the right of others to feel differently but just as there is more than one way to Dublin, there is more than one way to admire and respect Jack.
Last edited by Munir on Wed Sep 19, 2018 2:20 pm, edited 1 time in total.

User avatar
Taylor Larimore
Advisory Board
Posts: 27616
Joined: Tue Feb 27, 2007 8:09 pm
Location: Miami FL

Re: New Jack Bogle Book!

Post by Taylor Larimore » Wed Sep 19, 2018 2:09 pm

Bogleheads:

I have all of Jack's books and have learned something (or been reminded of something important) in every one of them.

Best wishes
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: New Jack Bogle Book!

Post by abuss368 » Thu Oct 25, 2018 6:57 pm

I will be ordering the new book soon on Amazon (and will use the Bogleheads link).
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

Miriam2
Posts: 2345
Joined: Fri Nov 14, 2014 11:51 am

Re: New Jack Bogle Book!

Post by Miriam2 » Thu Oct 25, 2018 7:56 pm

azanon wrote: But if I must be serious, as most of you know, Bogle hasn't always stayed the course as he didn't in late 99' as I pointed out, but he implores us to do so nonetheless. . . .
This is not accurate.

As you know, Jack Bogle has changed his asset allocation over the course of his 89 years, which is precisely what he suggests all prudent investors should do as they get older and their life situations change. Adjusting one's asset allocation to comport more intelligently with changes in life is not the same as "not staying the course" and does not violate his advice to "stay the course." To "stay the course" means to stay invested according to your asset allocation and to not buy & sell based on market fluctuations.

At the most recent Bogleheads Conference, Mr. Bogle discussed this. He said (from my notes):

Q (from a Boglehead) - How do we know when to change our asset allocation? When do we do so based on high market valuations?

A (by Mr. Bogle) - In 2000, he changed his asset allocation. "It was not a sustainable market, there were serious problems, stocks were very high - AND because I was in the hospital with serious heart and health issues including a 10-hour heart procedure, I wanted to make sure that my portfolio was secure for my family."

His primary concern was his health and family AND he called his lawyer from the hospital emergency room and told her "You never sent me the papers to sign for my will that you said you would!"

His lawyer came to the hospital emergency room with the papers.

Mr. Bogle told us: "The subtle pressure of an uncertain life has dictated more of my investment changes than you would realize."

Azanon - I simply don't agree that Mr. Bogle fails to "stay the course," but "implores us to do so."

azanon wrote:I admit I really struggle with sticking to my own strategy. It's something I'm continually trying to work on. So if anything, I do feel a little bit better knowing that even Jack Bogle acknowledges that there have been times that even he didn't do it.
From everything I have heard from listening to and reading Jack Bogle, he does stick to his strategy. And "didn't do it" is not a failure. He told us at the Conference:

"The biggest mistake is to react to the market . . that when you think the market is high, you get out." He explained that "if it makes you feel better, change your asset allocation - BUT never get out of the market." If necessary, "sell to the sleeping point." "Just be careful about doing anything - don't make big jumps." "There is no precise answer . . . it depends not only on financial analysis but your emotional ability . . . there is no precise answer."

User avatar
fortyofforty
Posts: 1195
Joined: Wed Mar 31, 2010 12:33 pm

Re: New Jack Bogle Book!

Post by fortyofforty » Thu Oct 25, 2018 8:23 pm

I wish it was as easy to do as it is to say: sell equities to the sleeping point. What people view as their sleeping point is not fixed over time, and tends to fail them at the darkest moments of market turmoil. You really don't know what is your sleeping point until you've lived through your first or second bear markets, or market crashes.
"In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell | There are many roads to doublin'. | Original Vanguard Diehard

azanon
Posts: 1990
Joined: Mon Nov 07, 2011 10:34 am
Location: Little Rock, AR

Re: New Jack Bogle Book!

Post by azanon » Fri Oct 26, 2018 6:30 am

Just for the record miriam2, I think static portfolios (for life) are superior to changing ones. Just as an example, take a Vanguard Wellesley for example. Who really needs more return than it provides? And who would actually consider it too risky (at any stage in life)? For question 1, someone greedy maybe, or someone not saving enough? For question 2, someone who needs a financial adviser to help them develop rudimentary risk tolerance.

I'd also reference work/study at portfoliocharts.com. A few incredible portfolio examples there with incredible returns, and very tolerable risk levels. Now that's staying the course - portfolio for life.

My opinion on Bogle is unchanged. We just disagree.

Miriam2
Posts: 2345
Joined: Fri Nov 14, 2014 11:51 am

Re: New Jack Bogle Book!

Post by Miriam2 » Fri Oct 26, 2018 3:20 pm

azanon wrote: Just for the record miriam2, I think static portfolios (for life) are superior to changing ones. Just as an example, take a Vanguard Wellesley for example. Who really needs more return than it provides? And who would actually consider it too risky (at any stage in life)? For question 1, someone greedy maybe, or someone not saving enough? For question 2, someone who needs a financial adviser to help them develop rudimentary risk tolerance.

I'd also reference work/study at portfoliocharts.com. A few incredible portfolio examples there with incredible returns, and very tolerable risk levels. Now that's staying the course - portfolio for life.

My opinion on Bogle is unchanged. We just disagree.
Actually, Jack Bogle would agree with you - for certain investors. At the recent Bogleheads Conference, Mr. Bogle repeatedly pointed out that personal investing is decidedly personal, reflecting one's own personal situation. His only broad-based advice is to use low-cost, high quality, diversified investments to create a simple portfolio that you can track and understand and stick to in good times and bad, a portfolio you won't be tempted to sell in a panic or buy in greed - and never stop investing.

And also, he told us (again) that he uses the Vanguard Balanced Index fund, a 60/40 fund, forever for his grandchildren. Every year, he gives each grandchild a contribution in that fund. He said: "It won't go very far up but it won't go very far down," it's "very boring" but "it's not necessary to tinker with" and "it's very easy to maintain and administer" and moreover, "the fund does fine, even beats many endowments."

Then Mr. Bogle laughed: "It's amazing how much money you can have by putting away, contributing a nice sum of money every year for 25 years. These damn kids are rich!"

:D

User avatar
abuss368
Posts: 13015
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!

Re: New Jack Bogle Book!

Post by abuss368 » Fri Oct 26, 2018 4:46 pm

Miriam2 wrote:
Fri Oct 26, 2018 3:20 pm

And also, he told us (again) that he uses the Vanguard Balanced Index fund, a 60/40 fund, forever for his grandchildren. Every year, he gives each grandchild a contribution in that fund. He said: "It won't go very far up but it won't go very far down," it's "very boring" but "it's not necessary to tinker with" and "it's very easy to maintain and administer" and moreover, "the fund does fine, even beats many endowments."

Then Mr. Bogle laughed: "It's amazing how much money you can have by putting away, contributing a nice sum of money every year for 25 years. These damn kids are rich!"
The beauty of financial simplicity!
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!" | | Disclosure: Three Fund Portfolio + U.S. & International REITs

Broken Man 1999
Posts: 1569
Joined: Wed Apr 08, 2015 11:31 am

Re: New Jack Bogle Book!

Post by Broken Man 1999 » Mon Nov 26, 2018 11:27 am

Amazon has Mr Bogle's latest book at $22.45.

I pre-ordered on August 27 for $34.95. However, my final cost will be the lowest it has sold for at Amazon thru end of day released. Price reduction is automatic.

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven than I shall not go. " -Mark Twain

TravelGeek
Posts: 2451
Joined: Sat Oct 25, 2014 3:23 pm

Re: New Jack Bogle Book!

Post by TravelGeek » Mon Nov 26, 2018 3:21 pm

Broken Man 1999 wrote:
Mon Nov 26, 2018 11:27 am
Amazon has Mr Bogle's latest book at $22.45.

I pre-ordered on August 27 for $34.95. However, my final cost will be the lowest it has sold for at Amazon thru end of day released. Price reduction is automatic.

Broken Man 1999
If you pay $22.45, you are overpaying. Check out the last dozen or so posts in this alternative thread:

viewtopic.php?f=10&t=257505

Dottie57
Posts: 4784
Joined: Thu May 19, 2016 5:43 pm

Re: New Jack Bogle Book!

Post by Dottie57 » Mon Nov 26, 2018 3:48 pm

I thought I was done with purchasing investment books, but Ithink this is now on my purchase list.

Post Reply