To learn how to make index investing work for you, there's no better mentor than legendary mutual-fund industry veteran John C. Bogle. 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. Now, with The Little Book of Common Sense Investing, he wants to help you do the same.
Filled with in-depth insights and practical advice, The Little Book of Common Sense Investing will show you how to incorporate this proven investment strategy into your portfolio. 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.
©2007 John C. Bogle; (P)2006 Audio Renaissance, a division of Holtzbrinck Publishers LLC
"Bogle is rattling the status quo among the mutual-fund titans." (Fortune)
"John C. Bogle...has the mind of an economist and the personality of a preacher." (The Washington Post)
Invest in index funds is the only message from the book. The authors mentions this over and over again in this book and quotes many successful investors backing that. If someone is not sold on index fund then I would recommend this book. Otherwise save the cost of buying this book and instead add it to your index fund.
Some of the other reviewers are right; the book could be summarized in 30 minutes. That said, I've listened to it three times and during these crazy economic times it is sort of reassuring. Yes, you can beat the market but, no, it isn't likely that you will. This book helps you understand why and it might also make you less hungry for outsized returns. A good listen.
I've been investing for years, and my personal experiences is a testament to what this book details. For the long term investor, nothing beats the indexes!
Indexing is the way to go when investing is not your primary source of income
Learning who John Bogle is...
This is a great book alltogether
Don't try to beat the market, join the market, as suggetsed by the "simple rules of humble arithmetic"
understandable to a begginer
comprehensive on the entire subject
That the long term ,unemotional , diversified portfolio is the most effective way to be successful
Worth the time invested to get the information from the book
Stripping away a lot of the mystery and confusion that surrounds investing.
This short book lays out the soundest basis for getting started to it's reader. Describing the reasoning behind stock and bond market index fund investment strategies in a way that many investors understand and even more should act on.
Bogle knows his stuff and this is an important read on investing. It's very redundant and covers it's message effectively within the first 20 minutes, but I believe that was his intention. In the closing, he discusses the fact that everyone knows how to lose weight--eat less, exercise more. But much like his simple investing advice, this is easier said than done. He drills the point home repeatedly to make the suggestions stick. Yes, at times it felt like I was watching Groundhog Day. Sure, if there was a drinking game for every time Bogle says "don't take my word for it..." I'd probably be in the ground right now, but regardless, his advice did lead me to completely revamp my current personal portfolio.
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