Vanguard is owned by its own funds, so profits return to fund shareholders as lower fees, and its largest index funds now charge a few basis points on roughly $10 trillion of assets. John Bogle founded it in 1975 after Wellington's board removed him, and he launched the first retail index fund the following year. A reader should know up front that the book-length literature is mostly about Bogle and the rise of indexing rather than about how Vanguard is run day to day, and that Bogle wrote a large share of it himself. Wigglesworth and Balchunas cover the index fund as an industry event, Charles Ellis gets closest to the firm and its post-Bogle management, and the Bogle titles set out the fee arithmetic he argued from for forty years.
Newcomen Society address, short monograph
The earlier, more instructional Bogle book on fund selection.
Recommended by: Mr. Money Mustache
The only biography; stops two decades before indexing won.
Vanguard's founder on costs, turnover and fund structure.
“Wonderful Book. I highly recommend all of John Bogle's writings to any investor.” — Mohnish Pabrai
Source: Mohnish's Bookshelf — Books on Investing & Capital Allocation, entry 50
Recommended by: Mohnish Pabrai, Jason Zweig and 3 others
Founder account of Vanguard, the mutual structure applied to fund management.
Recommended by: Mr. Money Mustache
History of indexing; Bogle and Vanguard are its central thread.
Bloomberg analyst on Vanguard's economics