John C. Bogle, founder of the Vanguard Group of&#160;&#160;Investment Companies, has built a $100 billion&#160;&#160;mutual fund company on principles of candor, fairness,&#160;&#160;and low cost. The most outspoken critic of the&#160;&#160;mutual fund industry, Bogle speaks to the serious&#160;&#160;mutual fund investor, both novice and seasoned, in&#160;&#160;this straightforward assessment of an industry Bogle&#160;&#160;himself helped revolutionize. Here he offers the&#160;&#160;essential principles of canny mutual fund&#160;&#160;investing, as well as caveats to protect the investor.&#160;&#160;Readers will learn how to: Ask three critical&#160;&#160;questions before investing. Evaluate risk tolerance and&#160;&#160;design a portfolio to meet current financial&#160;&#160;objectives. Develop a diversified portfolio of equity&#160;&#160;funds, bonds, and money market funds that will&#160;&#160;weather the market's short term variations. Apply&#160;&#160;Bogle's eight model portfolios to achieve their own&#160;&#160;financial goals. Always find themselves in a winning&#160;&#160;money market fund. Protect themselves from&#160;&#160;inflation Use index funds to effectively balance&#160;&#160;risk/return. Anyone who is serious about mutual funds can&#160;&#160;apply the dynamic investment principles of&#160;&#160;<i>Bogle On Mutual Funds</i> to establish a&#160;&#160;winning, long-term investment portfolio.