Academic Articles
Mike - Apr 26, 2010

David and Goliath: Who Wins the Quantitative Battle?
The Journal of Portfolio Management

The Index Mutual Fund: 40 Years of Growth, Change, and Challenge
The Financial Analysts Journal

Putting Investors First
The Journal of Portfolio Management

Occam’s Razor Redux: Establishing Reasonable Expectations for Financial Market Returns
with Michael W. Nolan, Jr.
The Journal of Portfolio Management

Lightning Strikes: The Creation of Vanguard, the First Index Mutual Fund, and the Revolution It Spawned
The Journal of Portfolio Management

No Speed Limits: High-Frequency Trading and Flash Boys
The Journal of Portfolio Management

The Arithmetic of “All-In” Investment Expenses
The Financial Analysts Journal

“Big Money in Boston”: The Commercializaton of the Mutual Fund Industry
The Journal of Portfolio Management
“Big Money in Boston”, A speech before the Boston Security Analysts Society, May 17, 2013, on which the JPM essay is based.

The Clash of the Cultures
The Journal of Portfolio Management

The End of Soft Dollars?
The Financial Analysts Journal

The Mutual Fund Industry 60 Years Later: Better or Worse?
The Financial Analysts Journal

Black Monday and Black Swans
The Financial Analysts Journal

The Relentless Rules of Humble Arithmetic
The Financial Analysts Journal

The Fiduciary Principle: No Man Can Serve Two Masters
The Journal of Portfolio Management

A Question So Important That it Should Be Hard to Think About Anything Else
The Journal of Portfolio Management

Markets in Crisis
The Financial Analysts Journal


Comments

whaugen - Apr 21, 2011

I can’t thank you enough for making these documents available.


dharrythomas - Jan 16, 2012

Jack,

Thank you for all you’ve done at Vanguard and beyond.


Steve Schullo - Feb 19, 2012

Hi Jack,
Love this quote: “As I see it, long-term investing reflects the culture of the intellectual, the philosopher, and the historian, and short-term speculation reflects the culture of the statistician, the technician, and the alchemist.”

Thanks for all of these articles and speeches. They are treasurers.
Steve


prdanker - May 28, 2014

Hi Jack,

As a longtime investor with Vanguard and student (albeit an amateur) of the markets and history I wonder what Ben Graham would say if he were alive today to watch the daily CNBC coverage (ie investing vs. speculation). More importantly–what were his thoughts regarding your 1951 Princeton thesis. I would love to read a transcript of your transcendent work–where might I find this important document–as I have searched on-line, to no avail? Mr. Morgan was clearly impressed with your scholarship. Regards–pdanker@nycap.rr.com



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