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

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ITEM# 10469938
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    The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Hardcover)
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    “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. Most advisors, however, are far better at generating high fees than they are a...

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    ITEM#: 10469938

    JOHN C. BOGLE is founder of the Vanguard Group, Inc., and President of its Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as chairman and chief executive officer until 1996 and senior chairman until 2000. In 1999,Fortune magazine named Mr. Bogle as one of the four "Investment Giants" of the twentieth century; in 2004,Time named him one of the world's 100 most powerful and influential people, and Institutional Investor presented him with its Lifetime Achievement Award.

    “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. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors – large and small – should instead read Jack Bogle’sThe Little Book of Common Sense Investing.” – Warren Buffett, Chairman of Berkshire Hathaway, 2014 Annual Shareholder Letter.

    Investing is all about common sense. Owning a diversified portfolio of stocks and holding it for the long term is a winner’s game. Trying to beat the stock market is theoretically a zero-sum game (for every winner, there must be a loser), but after the substantial costs of investing are deducted, it becomes a loser’s game. Common sense tells us—and history confirms—that the simplest and most efficient investment strategy is to buy and hold all of the nation’s publicly held businesses at very low cost. The classic index fund that owns this market portfolio is the only investment that guarantees you with your fair share of stock market returns.

    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, withThe 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.

    With The Little Book of Common Sense Investing as your guide, you’ll discover how to make investing a winner’s game:

    • 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.

    Specs

    Dimensions 9.3x6.7x1.1
    ISBN 9780470102107
    Genre BUSINESS & ECONOMICS / Investments & Securities / General
    Format Hardcover
    Pages 216
    Publisher Date 2007-03-05 00:00:00.0
    Publisher John Wiley & Sons Inc
    Copyright Year 2007
    Height 7.5 in
    Wdth 6.25 in
    Thickness 0.75 in
    Unit weight 0.6 lb
    Language English
    Subtitle The Only Way to Guarantee Your Fair Share of Stock Market Returns
    Series Name Little Book, Big Profits
    Audience General/trade
    Authors Bogle, John C.

    Product Reviews


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    • Information on how to get your fair share

      I recommend this book for anyone who wants to learn more about index investing. This book provides a comparison of your different options for investment and why it is a better option to index than to try to beat the market. I bought it for my dad who is currently relying solely on his financial advisor for advice so that he could be better educated about what he was investing in. I have also recommended it to countless other individuals who have expressed concern on how to start investing for their retirement.

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    • very good

      I gave the boook to my grandson and he is now reading it. Can't report on this any further at this time. Overstock is my only shopping center!!!!

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    • Common Sense

      This book is a great reminder of what is important in investing. Costs eat up the performance of mutual funds and this book proves it over and over. Follow this book's advice and keep it simple. This book can change your investing life if you follow it's instructions. Simple and easy to read for anyone.

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    • The Little Book of Index Investing

      This book is destined to become a classic in investment literature. John Bogle has summarized the essence of index investing in this very readable and comprehensive book. It should serve as an invaluable resource to those who desire to maximize the return on their investments, while minimizing risks.

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