Name: Common Sense on Mutual Funds
Rating: 4 (5 reviews)
ISBN: 9780471392286

John C. Bogle

The founder of the Vanguard Group offers an analysis of mutual fund investment, discussing the significance of asset allocation, the benefits of simplicity, index funds, tax costs, information technologies, and other investment principles

New Imperatives for the Intelligent Investor

Common Sense on Mutual Funds

Lance Willett

An updated edition of a 1999 classic, this book dates from 2010 and includes many notes and sidebars that update the original information. It feels relevant and pertinent.

It feels a bit long-winded to me, but it seems like a good reference book if you want to know how mutual funds work on a deep level. John C. Bogle is the founder of Vanguard and knows his industry inside and out.

Premise: A low cost, broadly diversified portfolio continues to be the best way to build wealth at the lowest cost and risk. It will always outperform the more expensive and complex actively managed mutual funds.

The book has 2,410 reviews on Goodreads! Wow. (Other financial books I've looked at have 3 or 4.)

Conclusions, conveniently labeled at the back of the book: If your financial future depends on your investments, be conservative. Steer a careful course in a balanced investment program. Seek the lowest costs. Rely on highly diversified bond and stock index funds. Demand tax efficiency. Trade infrequently. Be skeptical that past returns will repeat. Keep a long-term perspective. Stay the course.

John C. Bogle shares his extensive insights on investing in mutual funds Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them. Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term. Written by respected mutual fund industry legend John C. Bogle Discusses the timeless fundamentals of investing that apply in any type of market Reflects on the structural and regulatory changes in the mutual fund industry Other titles by Bogle: The Little Book of Common Sense Investing and Enough. Securing your financial future has never seemed more difficult, but you'll be a better investor for having read the Second Edition of Common Sense on Mutual Funds.

Common Sense on Mutual Funds New Imperatives for the Intelligent Investor

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