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Balancing Professional Values and Business Values

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  • John C. Bogle

Abstract

In this incisive and timely essay on balancing professional values and business values in the world of investing and finance, John C. Bogle, founder of both The Vanguard Group and the first index mutual fund, offers concise and useful guidance to practitioners seeking ways to cope with the extraordinary changes in society, technology, and market forces of the past few decades. Drawing on lessons learned over his distinguished 65-year career, Mr. Bogle bases his sage and prudent advice on not only his own vast experience but also the time-tested wisdom of both Adam Smith, the 18th-century Scottish economist-philosopher, and Benjamin Graham, a legendary pioneer in our profession.Editor’s NoteJohn C. Bogle is the founder of both The Vanguard Group and the first index mutual fund. He served as chief executive of Vanguard from 1974 to 1996 and is the author of 10 books, including Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor; The Battle for the Soul of Capitalism; Enough: True Measures of Money, Business, and Life; and The Clash of the Cultures: Investment vs. Speculation.

Suggested Citation

  • John C. Bogle, 2017. "Balancing Professional Values and Business Values," Financial Analysts Journal, Taylor & Francis Journals, vol. 73(2), pages 14-23, April.
    • Handle: RePEc:taf:ufajxx:v:73:y:2017:i:2:p:14-23
    DOI: 10.2469/faj.v73.n2.8
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