"The current crisis has exposed the shocking truth that very few practitioners actually understand the capital positions of banks and insurance companies, let alone have good, tried and tested methods of evaluating their capital position. The subject of capital management is deemed to be difficult but this is mainly because of the lack of a good and transparent overview rather than the complexity of the subject. It is vital to have a very clear understanding...

Reveals how the investment philosophy of John Bogle, the founder and retired chairman of Vanguard, can help any investor build wealth using his low-cost, tax-efficient philosophy.