博格尔效应：约翰·博格尔（John Bogle）和先锋（Vanguard）如何彻底改变华尔街，拯救了数万亿投资者[有声读物]

指数基金只是先锋集团创始人杰克·博格尔（Jack Bogle）在1975年提出的一个激进想法推动的一项创新，即让投资者成为其新基金公司的实际所有者。最终的结果是强大的：一家为人民和人民服务的基金公司。但博格尔的影响和这种“巨大的成本转移”远远超出指数基金，进入了许多其他领域，如积极管理、ETF、咨询界、量化投资、ESG、行为金融，甚至交易平台。博格尔效应让听众通过这些世界中的每一个来展示他们和他们服务的投资者是如何被重塑和改革的。尽管数百家基金提供商复制了先锋广受欢迎的指数基金，但还没有人复制它的“共同”所有权结构。为什么？这本书探讨了是什么让博格尔如此反常，似乎对支配华尔街的势不可挡的野心磁铁免疫。
The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions [Audiobook]
The index fund was just one innovation fueled by The Vanguard Group founder Jack Bogle’s radical idea in 1975 to make investors the actual owners of his new fund company. The end result was powerful: a fund company for the people and by the people. But Bogle’s impact and this “great cost migration” reaches well beyond index funds into many other areas, such as active management, ETFs, the advisory world, quantitative investing, ESG, behavioral finance, and even trading platforms. The Bogle Effect takes listeners through each of these worlds to show how they—and the investors they serve—are being reshaped and reformed. While hundreds of fund providers have copied the index fund that Vanguard made popular no one is yet to copy its “mutual” ownership structure. Why? This book explores what made Bogle such an anomaly—seemingly immune to the overwhelming magnet of ambition that dictates Wall Street.

OR