The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)

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This strategy is favored by Warren Buffett, who said this about Bogle: "If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. Rather than listen to their siren songs, investors – large and small – should instead read Jack Bogle’s The Little Book of Common Sense Investing. After creating Vanguard in 1974, he served as chairman and chief executive officer until 1996 and senior chairman until 2000. The series includes The Little Book That Beats the Market by Joel Greenblatt (Wiley, 2005), ISBN 978-0-471-73306-5 and The Little Book of Value Investing by Christopher H. He also very usefully handles the issue of fads - for instance, chapter 15 supplies some much needed clarity on the pitfalls of ETFs, which often appear to be embraced somewhat indiscriminately by investors and advisers alike.

gonna enter my financially knowledgeable girl era 🔜 should it prob be 5 stars yes but i am not giving a book abt investing the satisfaction of being 5 stars. Not an extensive guide as it could have compared this passive strategy to invest in the market with some other strategies but a strong guidebook nevertheless. You can change your choices at any time by visiting Cookie preferences, as described in the Cookie notice. After hearing so many references to John Bogle and his followers, the Bogleheads, I decided I had to read this book.The whole book can be summarized in one sentence: index ETFs are better than mutual funds because they track the whole (or a good chunk of the) market and have very low costs. Tramite prove supportate da dati numerici e principi di comune buonsenso, l'autore apre gli occhi al lettore sulla realtà legata ai fondi di investimento attivi solitamente proposti in banca. Warren Buffet once said, “It is not necessary to do extraordinary things to get extraordinary results. Over the course of his long career, Bogle founder of the Vanguard Group and creator of the world s first index mutual fund has relied primarily on index investing to help Vanguard s clients build substantial wealth.

He′s also wary of the ways of Wall Street and cautions investors to steer clear of its institutional con men and cautions against excessive fees and taxes that invariably eat up profits. Definitely makes a convincing point, sharing a handful of opinions given by experts in the field that agree and (some) also adopt it in their own portfolios.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. Really it just seems to refer to rich and upper middle class white people who can afford to invest money in the first place. With The Little Book of Common Sense Investing as your guide, you’ll discover how to make investing a winner’s game: You’ll also find warnings about investment fads and fashions, including the recent stampede into exchange traded funds and the rise of indexing gimmickry. One perplexing part that I'm still yet to understand is the fact that Bogle considers ETFs an abomination. There are a few investment managers, of course, who are very good – though in the short run, it’s difficult to determine whether a great record is due to luck or talent.

It is in idea that has stood the test of time, and has moved from the fringe to the mainstream in the 50 or so years since Bogle first posited it. 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.In the same year, he received the Woodrow Wilson Award from Princeton University for distinguished achievement in the nation's service. I appreciate John Bogle's life work that it has "waken" this blue collar worker to the reality that. note I have no prior belief whether index funds are better or not, I simply struggle with such fanatical bias). To learn how to make index investing work for you, there's no better mentor than legendary mutual fund industry veteran John C.

I would also recommend very strongly Jack's other seminal book, 'Enough': Enough True Measures of Money, Business, and Life by Bogle, John C. After 30 years of interest rates going lower and bonds acting favorably, interest rates can only go up and bonds will be a guaranteed way to lose money, although perhaps at a rate low enough that the investor will not notice until he or she can no longer afford the things that they were used to.Trying to beat the market "is a loser's game," according to Bogle and "the more the managers and brokers take, the less investors make. I felt like this should have been explained more given the immense popularity of broad market index ETFs.