The Little Book of Common Sense Investing

The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition

By: John C. Bogle

Narrated by: L. J. Ganser

Length: 5 hrs and 50 mins

Publisher's summary

The best-selling investing "bible" offers new information, new insights, and new perspectives

The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.

While the stock market has tumbled and then soared since the first edition of The Little Book of Common Sense Investing was published in April 2007, Bogle's investment principles have endured and served investors well. This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor. Bogle has also added two new chapters designed to provide further guidance to investors: one on asset allocation, the other on retirement investing.

A portfolio focused on index funds is the only investment that effectively guarantees your fair share of stock market returns. This strategy is favored by Warren Buffett, who said this about Bogle: "For decades, Jack has urged investors to invest in ultra-low-cost index funds.... Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me."

Bogle shows you how to make index investing work for you and help you achieve your financial goals and finds support from some of the world's best financial minds: not only Warren Buffett but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale's David Swensen, Cliff Asness of AQR, and many others.

This new edition of The Little Book of Common Sense Investing offers you the same solid strategy as its predecessor for building your financial future.

• Build a broadly diversified, low-cost portfolio without the risks of individual stocks, manager selection, or sector rotation.
• Forget the fads and marketing hype, and focus on what works in the real world.
• Understand that stock returns are generated by three sources (dividend yield, earnings growth, and change in market valuation) in order to establish rational expectations for stock returns over the coming decade.
• Recognize that in the long run, business reality trumps market expectations.
• Learn how to harness the magic of compounding returns while avoiding the tyranny of compounding costs.

While index investing allows you to sit back and let the market do the work for you, too many investors trade frantically, turning a winner's game into a loser's game. The Little Book of Common Sense Investing is a solid guidebook to your financial future.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2017 John C. Bogle (P)2017 Audible, Inc.

Easy read.

It is a good book. Some of the things can get a bit repetitive over later chapters.

Even as a beginner I understood most of the inform

I believe it will make things easier for me. Coming from the founder of Vanguard, it has to be good advice.

Great book!

I really learned a lot. My only real issue with the book was in terminology. As a new investor some of the things discussed were not explained as it was assumed the reader knew the terms. So perhaps the print addition has a glossary in the back of the book, I don’t know, but they would have come in handy for the novice like myself. Otherwise, I think this is a must read book. Tons of useful information that will change the way you look at investing.

Essential book for any one approaching the market.

Just as Buffet said, this book is a major recommendation - for any investor approaching the market. I listened to it again as my mind wondered toward speculation and investments in hot stocks I have heard of during this COVID 19 bull market of 20-21.

Very Good Advice, But Could Use Some Editing

Really good advice, and arguments and facts to support that advice. But the narrator's voice annoyed me and I think book could have been edited down to shorten time.

Worth a listen

Some great investment advice that you may have heard. But it is worth hearing again!

One of the best investment books out there!

If you are new to investing or even an experienced investor this book is for you! John Bogle knee what he was talking about! This is a must own book for everyone.

Great in depth analysis of passive index funds

This is a great book on the value of index funds (mostly stocks, but also bonds). It is a bit repetitive but it makes its point from every angle possible. Some of the math is hard to follow by audio version but I listened to it mostly in the car and would rewind when I needed to hear a second or third time. The accompanying PDF shows all the important figures. Overall an important read for all investors.

Really good info but pretty repetitive.

Bogle makes a very convincing argument on how to invest: via index funds. He spends most of the book explaining why it is the best option. Unless your are very skeptical, you don't need all the extra chapters going in depth. Even if you are skeptical, a lot of it is repition.

I still highly recommend the book for the info.

Incredible Listen

Such and important book. Yes the overall concept can be distilled to a few main points but when you are thinking of investing your hard work I think it’s important to gain a full understanding of it. Will listen again!