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FoundersJohn BogleJan 28, 2019

#57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution

Summary, books mentioned, transcript quotes, and timestamps for #57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution on Founders.

Notable books mentioned: Creative Selection by null, Stay the Course, The Story of Vanguard and the Index Revolution by John Bogle, The Little Engine That Could, The Big Short by Michael Lewis

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#57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution
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#57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution mentions Creative Selection by null, Stay the Course, The Story of Vanguard and the Index Revolution by John Bogle, The Little Engine That Could, and The Big Short by Michael Lewis with timestamps, quotes, and episode context.

3 books from this episode

it's a look inside the way Apple design products when Steve Jobs was still at the helm and it's a very fast book full of really useful information on…

I think he is the inventor and the founder of arguably one of the most important products and most important companies in history.

I think the little engine that could offers the best brief advice for a successful career than I can imagine.

Episode summary
What I learned from reading Stay the Course: The Story of Vanguard and the Index Revolution. ---- This is a story of a revolution [0:01] what Vanguard does and why? [7:00] the seed of the idea that eventually becomes Vanguard [10:00] switching from conservative investing to speculation / when humans are scared they copy the behavior of those around them [17:00] John gets fired. He decides to fight back. [31:00] if you know why you are doing what you are doing you are less likely to quit [41:00] staying the course gives you a massive advantage because most humans quit [53:00] We must never underrate the power of compounding investment returns, and always avoid the tyranny of compounding investment costs.– John Bogle [59:00] eliminating the 50-year tradition of sales commission [1:01:00] a failure caused by focusing on competition and not learning from the past [1:06:00] the Founders Mentality [1:07:30] personal reflections and a memoir of sorts [1:11:00] ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast
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Summary, books mentioned, transcript quotes, and timestamps for #57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution on Founders.

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  • The conversation centers on building something.
  • A second recurring theme is decision-making mental models.
  • Referenced books include Creative Selection by null and Stay the Course, The Story of Vanguard and the Index Revolution by John Bogle.
  • The strongest audience signal points to entrepreneurs and product developers and Investors and finance enthusiasts.

Which books are mentioned in #57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution?

Creative Selection by null, Stay the Course, The Story of Vanguard and the Index Revolution by John Bogle, and The Little Engine That Could are the clearest linked books in this episode, each tied back to transcript timestamps and quote cards.

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Topic and sentiment signals

Aggregated from transcript-derived mention metadata for better topical navigation and citation.

Mention sentiment
Highly Recommended(6)Passing Reference(3)Deep Dive(2)
Audience signals
entrepreneurs and product developersInvestors and finance enthusiastsIndividuals seeking motivation and guidance in their professional lives.investors and finance professionalsIndividuals interested in investment strategies and personal development.entrepreneurs and business leaders

Books Mentioned

The full list below is ranked by how useful each mention is to a listener: stronger recommendation language, clearer quote context, and better timestamp support rise first.

Creative Selection cover
Best for entrepreneurs and product developersOften cited around building something

I just created completed one based on the book creative selection, which I would recommend to anybody that's building something whether you're an individual working in a within a company or you're running a company.

View mention details
Sentiment: Highly Recommended
For: entrepreneurs and product developers
Key quote: it's a look inside the way Apple design products when Steve Jobs was still at the helm and it's a very fast book full of really useful information on ways to think about getting to your objective.
The host mentions 'Creative Selection' as a valuable resource for anyone involved in building products or companies. He emphasizes that the book provides insights into Apple's design philosophy under Steve Jobs, making it a must-read for those seeking to achieve their objectives.
ASIN: 039913896X
Buy on Amazon
Stay the Course, The Story of Vanguard and the Index Revolution cover
Best for Investors and finance enthusiastsOften cited around John Bogle's impact

The book discusses the author's career, the creation of the Index Mutual Fund, and the philosophy behind Vanguard's investment strategy.

View mention details
Sentiment: Highly Recommended
For: Investors and finance enthusiasts
Key quote: I think he is the inventor and the founder of arguably one of the most important products and most important companies in history.
The host emphasizes John Bogle's significant contributions to the financial industry, particularly through the creation of the Index Mutual Fund. He expresses a strong desire to explore Bogle's ideas and legacy, especially following his recent passing.
ASIN: 1119404304
Buy on Amazon
The Little Engine That Could cover
Best for Individuals seeking motivation and guidance in their professional lives.Often cited around importance of determination

He actually says one of the best advice you can give somebody comes from the book the little engine that could the little engine that could offers the best brief advice for a successful career than I can imagine.

View mention details
Sentiment: Highly Recommended
For: Individuals seeking motivation and guidance in their professional lives.
Key quote: I think the little engine that could offers the best brief advice for a successful career than I can imagine.
The host mentions 'The Little Engine That Could' as a source of inspiration for determination and resilience in one's career. The book's message encapsulates the idea of believing in oneself and persevering despite challenges.
ASIN: 0448405202
Buy on Amazon
The Big Short cover
The Big Short
Michael Lewis
Best for investors and finance professionalsOften cited around investment failures and lessons

One of the life-changing books for me, as far as how I view the world now, was Michael Lewis's book The Big Short, because it goes into detail.

View mention details
Sentiment: Highly Recommended
For: investors and finance professionals
Key quote: one of the life-changing books for me, as far as how I view the world now, was Michael Lewis's book The Big Short, because it goes into detail.
The host mentions 'The Big Short' to illustrate the recurring patterns of failure in the investment world, drawing parallels between past and present market behaviors. The book's insights into the flaws of expert decision-making resonate with the host's experiences and reflections on the industry.
ASIN: B0FJTJ9KMC
Buy on Amazon
Stay the Course: The Story of Vanguard and the Index Revolution cover
Best for Individuals interested in investment strategies and personal development.Often cited around investment success principles

So if you want the full story by the book it stay the course the story of Vanguard and the index Revolution.

View mention details
Sentiment: Highly Recommended
For: Individuals interested in investment strategies and personal development.
Key quote: If you want the full story by the book it stay the course the story of Vanguard and the index Revolution.
The host emphasizes the importance of long-term investment strategies and personal resilience, drawing from the principles outlined in the book. He suggests that the book offers deeper insights into these themes that he couldn't fully explore in the podcast.
ASIN: 1119404304
Buy on Amazon
Vanguard cover
Best for Investors and finance enthusiastsOften cited around John Bogle and Vanguard

I'm reading another one of his books. He wrote like 11 or 14 books, something like that, something crazy. And he talks more, this book is more about like the beginning of Vanguard.

View mention details
Sentiment: Highly Recommended
For: Investors and finance enthusiasts
Key quote: He was a truly remarkable person with some very simple ideas that in retrospect are extremely obvious.
The host emphasizes the significance of John Bogle and his contributions to the financial industry, particularly through the concept of the Index Mutual Fund. He believes that Bogle's simple yet profound ideas can lead to great results over time, making this book essential for understanding his impact.
ASIN: 1541600258
Buy on Amazon
The Everything Store cover
Best for entrepreneurs and business leadersOften cited around decision-making mental models

The mention of Jeff Bezos and an executive's argument about flying first class is found in the book 'The Everything Store'.

View mention details
Sentiment: Deep Dive
For: entrepreneurs and business leaders
Key quote: he slammed his hand on the table and he got all mad because he's like you're not thinking like an owner
The host references 'The Everything Store' to illustrate Jeff Bezos's decision-making philosophy, emphasizing the importance of thinking like an owner. This example serves to highlight how successful entrepreneurs prioritize customer value over personal comfort or status.
ASIN: B00FJFJOLC
Buy on Amazon
What Really Matters cover
Best for Entrepreneurs and business leadersOften cited around founders mentality and memoirs

The speaker mentions a memoir called 'What Really Matters' that reflects on the author's career and investment philosophy.

View mention details
Sentiment: Deep Dive
For: Entrepreneurs and business leaders
Key quote: I want to honor some of the people have influenced my life.
The host discusses the insights from the book 'What Really Matters' as it relates to the mentality of successful founders and their desire to pass on lessons learned. This memoir serves as a reflection on the author's life and the importance of sharing wisdom with future generations.
ASIN: 1540903710
Buy on Amazon
the autobiography of cover
Best for Individuals interested in design and innovation.Often cited around design within constraints

If I've told you this before, we're in conversation, I really try to design within constraints... I think it would be the autobiography of James Dyson.

View mention details
Sentiment: Passing Reference
For: Individuals interested in design and innovation.
Key quote: I think it would be the autobiography of James Dyson.
The host briefly mentions the autobiography of James Dyson while discussing the importance of designing within constraints. This reference serves to highlight Dyson's innovative approach to design.
ASIN: 8970879048
Buy on Amazon
This Time Is Different: Eight Centuries of Financial Folly cover
Best for Individuals interested in economic historyOften cited around human behavior in finance

The author references this book to illustrate the consistent behavior of humans in financial markets over centuries.

View mention details
Sentiment: Passing Reference
For: Individuals interested in economic history
Key quote: The author references this book to illustrate the consistent behavior of humans in financial markets over centuries.
The host mentions this book to highlight how human behavior in financial markets has remained consistent throughout history. It serves as a reminder of the recurring patterns observed in economic crises.
ASIN: 0691152640
Buy on Amazon
The Founder's Mentality cover
Best for Business leaders and entrepreneursOften cited around traits of successful companies

The speaker references 'The Founder's Mentality' as a book that describes the legacy of Vanguard's founder and discusses the traits of successful companies.

View mention details
Sentiment: Passing Reference
For: Business leaders and entrepreneurs
Key quote: The Founder's Mentality describes the legacy of Vanguard's founder and discusses the traits of successful companies.
The host mentions 'The Founder's Mentality' to highlight the influence of Vanguard's founder on the company's legacy. It serves as a reference point for discussing the characteristics that contribute to the success of companies.
ASIN: 1633691160
Buy on Amazon
Shop This Episode

Pick up the books after you hear them in context.

Creative Selection cover
Mentioned at 1:24:51
Creative Selection
null

The host mentions 'Creative Selection' as a valuable resource for anyone involved in building products or companies. He emphasizes that the book pr…

Stay the Course, The Story of Vanguard and the Index Revolution cover
Mentioned at 1:46
Stay the Course, The Story of Vanguard and the Index Revolution
John Bogle

The host emphasizes John Bogle's significant contributions to the financial industry, particularly through the creation of the Index Mutual Fund. H…

The Little Engine That Could cover
Mentioned at 1:16:48
The Little Engine That Could

The host mentions 'The Little Engine That Could' as a source of inspiration for determination and resilience in one's career. The book's message en…

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