Ebook: Don't Wear Flip-Flops to Your Interview

Intro -- Stay the Course -- Dedication -- Contents -- About Stay the Course -- What This Book Contains -- Striving for Accuracy -- Foreword -- Part I The Story of Vanguard -- Chapter 1 1974: The Prophecy -- Structure and Strategy -- 2018: The Prophecy Fulfilled -- Vanguard: Lowering Costs for Investors -- Index Strategy Follows Mutual Structure -- "The Emperor's Clothes" -- Chapter 2 1945-1965: The Background -- Blair, Princeton, Fortune, and Wellington -- 1949: "Big Money in Boston" -- "The 'Mutual' Fund" -- 1951: "The Economic Role of the Investment Company" -- July 1951: Enter Wellington and Walter Morgan -- Modus Operandi 1951: One Fund per Manager -- The Power of Conservative Investing -- Staying the Course -- Chapter 3 1965-1974: The "Go-Go" Era, the Aftermath, and the Formation of Vanguard -- The "Go-Go" Era -- Bagels Out, Doughnuts In -- "I Was Too Conservative" -- Three Strikes . . . but Not Quite Out -- The Merger -- The "Peace Dollar" -- The Bubble Bursts -- 1970-1974: Bear Market Follows Bull Market -- Fiduciary Duty . . . but to Two Masters? -- The Wrong Scapegoat -- "Ex-Fund Chief to Come Back" -- The Board Meeting That Changed Everything -- Achieving Independence -- Chuck Root: The Indispensable Man -- Option #2: "Weak Tea" -- "Fired with Enthusiasm!" -- The Challenge -- Vanguard: The Birth of a New Flagship -- A Narrow Escape -- The First Skirmish -- Game Over? -- "A Near-Run Thing" -- The Shareholders Approve -- A Full-Fledged Mutual Fund Complex Emerges -- "A Plague on Both Your Houses?" -- Two Memorable -- and Opposite -- Reactions -- Staying the Course -- Chapter 4 The Index Fund Revolution: From Birth to Dominance -- 1951: The Seed Is Planted -- Motive and Opportunity -- Persuading Vanguard's Directors That Costs Matter -- "The Fund Is Not Managed" -- First Index Investment Trust -- Who Was First? Who Survived?.