The Intelligent Investor: The Definitive Book on Value Investing. "It's hard to argue with the eloquent logic of John C. Bogle's latest ode to index funds." To learn how to make index investing work for you, there's no better mentor than legendary mutual fund industry veteran John. Editorial Reviews. Review. ""genuinely" provides investors with the ideal strategy for making the most of stock-market investing" ("Motley Fool's UK website,". The Little Book of Common Sense Investing book. Read reviews from the world's largest community for readers. There are a few investment managers, of.
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The Little Book of Common Sense Investing, where Vanguard Group founder John C. Bogle shares his own time-tested philoso- phies, lessons, and personal. The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns is a and book on index investing, . No doubt tº is us -y, Ar-Rahiq Al-Makhtoom (The Sealed Nectar) is a book of great value and praiseworthy work on the l.
JOHN C. After creating Vanguard in , he served as chairman and chief executive officer until and senior chairman until Bogle is the author of ten books, including Enough: Investment vs. Speculation, all published by Wiley. Permissions Request permission to reuse content from this site. Undetected country. NO YES. Selected type: Added to Your Shopping Cart. Applicable Recommendation Author John C.
In , he conceptualized, developed and introduced the world's first index fund for the individual investor. This brand new investment product revolutionized the financial marketplace.
In the words of Dr. Paul Samuelson of M. Bogle explains what index funds do and why they are reliable investments in this exhaustively researched, carefully reasoned, highly accessible, common sense book. If you are an investor, getAbstract believes you should take Bogle seriously; after all, he invented this alternative. It will also change the very way you think about investing. Successful investing is not easy. It requires discipline and patience.
But it is simple. For it's all about common sense. Why business reality--dividend yields and earnings growth--is more important than market expectations How to overcome the powerful impact of investment costs, taxes, and inflation How the magic of compounding returns is overwhelmed by the tyranny of compounding costs What expert investors and brilliant academics--from Warren Buffett and Benjamin Graham to Paul Samuelson and Burton Malkiel--have to say about index investing And much more You'll also find warnings about investment fads and fashions, including the recent stampede into exchange traded funds and the rise of indexing gimmickry.
The real formula for investment success is to own the entire market, while significantly minimizing the costs of financial intermediation. That's what index investing is all about. And that's what this book is all about. Get A Copy.
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More filters. Sort order. Aug 15, Keegan rated it really liked it Shelves: What did I think?
I'll get back to you in about 30 years. View 2 comments. Dec 14, Chad Warner rated it really liked it Shelves: After hearing so many references to John Bogle and his followers, the Bogleheads, I decided I had to read this book.
The author, John Bogle , invented the index fund and founded Vanguard. I really liked this book; it's one of the better investing books I've read. It contains just the right amount of empirical evidence in the form of statistics, graphs, and charts to be convincing, but not eye-glazingly boring. To back up his assertions, he points to "the relentless rules of humble arithmetic. In case you find yourself questioning Bogle, the end of each chapter contains a "Don't Take My Word For It" where well-known investors agree with Bogle on the chapter's topic.
Bogle's main point is that the best most efficient investment strategy is to download and hold all publicly traded US businesses at a low cost. He recommends this very simple approach as a superior alternative to the incredibly complex array of specific investment options available today.
He describes this as Bogle's Corollary: Just download the haystack! But where costs are concerned, time is your enemy. Stick with the total stock market. The broadest possible diversification eliminates all risk except market risk 2. Aug 12, yh rated it liked it Shelves: Since this is a little book, I'll write a little review. Good Parts: The advice. It just makes sense, and Bogle does a good job of breaking down why index funds are a sound investment for almost everyone.
I never felt lost in any financial jargon, which is impressive, as I know next to nothing about investing. The perspectives from other financial minds and academics were nice to read as well. Bad Parts: He makes the same good point over and over, and continually tries to convince the Since this is a little book, I'll write a little review.
He makes the same good point over and over, and continually tries to convince the reader of this point. I was convinced fairly quickly, so a fair bit of the book felt like a retread, though it was nice to have these important points hammered into my brain: Important Points: Fees are bad Predicting the market is hard if not impossible Taxes erode returns from actively managed funds Emotions downloading too high, selling too low erode returns when actively trading Funds with higher turnover have more transaction fees and are thus bad Just download an index fund that tracks the market and hold it indefinitely Simple and easy!
Anyway, a quick read and recommended for beginning investors. Apr 30, Michael rated it really liked it.
While it was indeed a little book, it was much longer than it needed to be. The whole book can be summed up in one sentence: download and hold a low cost index fund.
You're welcome, you've essentially just read the book.
Bogle deserves a million stars for starting Vanguard and bringing us the concept of low-cost index funds. I'll even go one better and agree with the fundamental premise of this book, that almost everyone should have broad-based indexing as the foundation of their investment plans. This book is essentially a dismantling of vast swaths of the financial industry, especially the mutual fund.
Step by step, and through the relentless application of real-world performance numbers and statistics, Bogle s Bogle deserves a million stars for starting Vanguard and bringing us the concept of low-cost index funds.
Step by step, and through the relentless application of real-world performance numbers and statistics, Bogle shows investing for what is it is - a zero sum game where people who don't index, take money from each other while also paying the entire industry that is in place to chase mythical outperformance via mutual funds.
Rather than try to find a needle in a haystack, why not just download the haystack he's full of colloquialisms and folksy charm? My biggest issue with the book is that it pokes a stick at the largest turd in the industry mutual funds and then says, "indexing is a heck of a lot better than this. He quotes Buffett several times without mentioning that his market-crushing performance is still in full effect and investors are still being rewarded by it or that stock picking services like the Motley Fool have a great track record of consistently outperforming market averages on most of their real-money portfolios.
Clearly, there are some ways to invest that do beat the market - I just wish that Bogle had spent a little time getting into what it takes to be successful in those other areas. I think there's a way of doing that without diminishing the awesome power of the main thesis. Logic makes sense and if I weren't already a convert, would definitely take seriously.
It's so interesting that so many investors do not. Heading into and beyond: Fees on mutual funds historical based on big days of 70s and 80s but will now result in negative expected return.
Corey raised a very interesting point: View all 5 comments. Dec 18, Jason Pettus rated it it was amazing Shelves: I'm posting the last of my reads here this month without reviews, so that they'll count towards this year's Goodreads Reading Challenge. Full review coming in early