John Bogle, formerly the head of Vanguard, is famous among investors. Just how famous? Ask Taylor Larimore, Mel Lindauer and Michael LeBoeuf, authors of The Bogleheads' Guide to Investing. The trio took Bogle's philosophy on investing and reduced it to a short and poignant slogan: invest smart, safe and cheap, and you'll do well, according to Reuters.
Bogle is a household name in the mutual fund industry. He fathered the first index fund, the Vanguard 500, and has been sharply critical of high fund fees.
The book is due out in January from John Wiley & Sons, and is a simple guide to good investing for seasoned and novice investors alike.
According to the authors, if you purchase simple funds and continue to invest in them regularly, returns will be high. They urge investors to take a close look at fund fees and taxes, going into depth on how to spot hidden fees and how to compare them. They also recommend diversification.