Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition

Acknowledgments for the Original Edition

To acknowledge all of those who contributed to this book is no mean task. I begin by recognizing some of the writers whose intellects have helped to nourish my thinking about investing, beginning with Dr. Paul Samuelson, whose textbook I read at Princeton University in 1948, followed by (in the approximate order of my readings) Adam Smith, John Maynard Keynes, Charles Ellis, Dr. William Sharpe, Peter Bernstein, Warren Buffett, Arthur Zeikel, Byron Wien, and Jeremy Siegel.

If the minds of these men helped me to develop the intellectual framework for the book (though they may not agree with all I've written), several more fine minds helped turn my first draft into what I hope is a well-finished final manuscript. Princeton Professor Burton G. Malkiel, Money magazine associate editor Jason Zweig, and Vanguard principals Craig Stock and James M. Norris were generous with their time and unsparing with their comments, although I accept full responsibility for the book in its final form.

The most important role of all, however, was played by Andrew S. Clarke, assistant to the senior chairman of Vanguard (forgive the third-person formulation), who provided consistent and timely support in developing the myriad statistics and graphs, helped to edit portions of the book, and translated my own scribbled editorial changes into a text that the printers could follow. Andy came to Vanguard from Morningstar less than two years ago, and has served with me but ...