Wealth of Experience (PDF)

Practical advice for investors from investors

Presenting a fresh approach to investment guidance, Wealth of
Experience is built on real investors' stories about what has
worked-and what hasn't worked-for them during their personal
investment journeys. The Vanguard Group, one of the world's most
respected investment companies, asked hundreds of investors who
have succeeded in accumulating real wealth to explain how they've
gone about it. Their personal accounts make this a one-in-a-kind
book with extraordinary insights on saving, investing, and managing
money from "ordinary investors" for their peers. Wealth of
Experience has straightforward, battle-tested advice on investing
for retirement, learning about finance, and managing money. The
invaluable guidance from experienced fellow investors can help
readers avoid major financial pitfalls and learn from mistakes
others have made. Vanguard's research confirmed its long-held
belief that individual investors-sometimes derided on Wall Street
as unsophisticated-are a savvy and capable group. This book proves
that their collective wisdom is as valuable as any "expert"
advice.

The Vanguard Group (based in Valley Forge, PA) is the world's
second-largest mutual fund company with 15 million shareholders and
$600 billion in assets under management. Vanguard pioneered
low-cost index mutual funds, and distinguished itself as a champion
of superior client service and low investor costs. Andrew Clarke is
a senior financial writer at The Vanguard Group. Before joining
Vanguard, he worked for Morningstar, Inc., the investment research
firm. Mr. Clarke is a Chartered Financial Analyst. Jack Brennan is
the Chairman and Chief Executive Officer of The Vanguard Group. A
graduate of Dartmouth College, Mr. Brennan received a master's
degree in business administration from Harvard Business School.