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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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While the idea doesn't exactly feature all throughout this piece of good advice, it does underscore the obvious idiocies and point to a classy, simple solution. There does appear to be a certain element of this, as no mention is given of any potential disadvantages to index funds (other sources confirm that they do exist to some degree). 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. In the context of mutual funds, it is also important to note the Expense Ratio (ER) which includes the cost attributed to managing and operating the active fund. Rather than listen to their siren songs, investors – large and small – should instead read Jack Bogle’s The Little Book of Common Sense Investing .

He had been associated with a predecessor company since 1951, immediately following his graduation from Princeton University, magna cum laude in Economics.

Bogle is the author of ten books, including Enough: True Measures of Money, Business, and Life, The Little Book of Common Sense Investing, and Clash of the Cultures: Investment vs. Definitely a re-read because it's hard to listen as an audiobook, I'd rather read about ROI %'s than hear them. Warren Buffet once said, “It is not necessary to do extraordinary things to get extraordinary results. This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor.

In this latest entry in the Little Book series, Bogle′s gentle prose contains idiot–proof advice for investors at all levels.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. 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. The book is also aimed at an American investor and some of the tenets praised by the author are not that relevant for someone living in a different part of the world. 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. This book is essentially a dismantling of vast swaths of the financial industry, especially the mutual fund.

With the author John Bogle being one of the key players in the field of index funds (albeit now retired), one could easily anticipate a certain unfair bias in favour of these products. What several investors and academics—from Warren Buffett and Benjamin Graham to Paul Samuelson and Burton Malkiel—have to say about index investing. The tenet of Index investing is that even if we cannot beat the market, we still do not lose our invested money (risk-free).My mentor, Ben Graham, took this position manyyears ago, and everything I have seen since convinces me of its truth. It is only superfluous for those who may have already learned the lessons, bought into the underlying logic. Like, he keeps on talking about how Main Street can make investing work for it, but like, what is this "Main Street?

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