John Bogle—founder of the Vanguard Mutual Fund Group and creator of the first index mutual fund—is an industry pioneer. Over the years, he has single-handedly transformed the mutual fund business, and today, his vision continues to inspire investors.
It has been over a decade since the original edition of Common Sense on Mutual Funds was first published. While much has changed during this time, the importance of investing and the issues addressed in the original edition of this book have not. Now, in the Fully Updated 10th Anniversary Edition of Common Sense on Mutual Funds, Bogle returns to update his in-depth look at mutual funds and the business of investing, helping you navigate through the staggering array of investment options found in today’s evolving investment landscape.
Timely and timeless, this important audiobook examines the fundamentals of mutual fund investing in turbulent market environments and offers valuable guidance for building an investment portfolio. Along the way, Bogle shows you that simplicity and common sense still trump costly complexity, and that a low cost, broadly diversified portfolio continues to be the best way to build wealth at the lowest cost and risk, and will almost always outperform more expensive, actively managed mutual funds. Throughout, Bogle skillfully presents a platform for intelligent investing as he analyzes costs, exposes tax inefficiencies, and warns of the mutual fund industry's conflicting interests.
Emphasizing long-term investing and asset allocation, Bogle offers sensible solutions to the fund selection process and reveals what it will take to make it in today’s chaotic market. Securing your financial future has never seemed more difficult, but after listening to this revised and updated edition of Common Sense on Mutual Funds, you will become a better investor. From stock and bond funds to global investing and index funds, this audiobook will help you regain your financial footing and make more informed investment decisions.
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"Fascinating and educating. Unbelievably straightforward and easy to observe how much common sense is common. It is the so much tiny things that make the difference. It is a long audio book but worth every minute and deserves a second round and possibly a third – one can not absorb all the common sense in the first round. My view on mutual funds and index funds has changed dramatically"
— Hussein (5 out of 5 stars)
" Lots of detail on the function of Mutual Funds. Significant space devoted to index vs. actively managed, fee structure, taxes, and expected returns. "
— James, 1/13/2014" Really gave a clear theme for investing in mutual funds. Index rules. "
— Javatis, 12/14/2013" Mr. Bogle convinced me to follow his very rational strategy of index investing through this book. It's hard to understand why anyone would choose actively-managed funds for long-term investing after looking at the data. The prose is very clear and easy to understand without being too simple. "
— Tony, 12/6/2013" Useful book for those who are interested in conservative investing. "
— Chris, 11/18/2013" Sadly, I think the audiobook was abridged, but I think that this really is 'common sense.' You might not hit the moon with Bogle's advice, but I feel fairly certain that you willl get a pretty average, solid return... and have a lot less to worry about. I should probably read this in hard copy! "
— Toby, 11/2/2013" amazing investment advice for moderate investors. it shows how index funds out perform mutual funds and have virtually no load. everyone investing in mutual funds should take a hard look at this book. Bogle is the founder of vangaurd. "
— Ross, 10/9/2013" Vanguard is John Bogle and vice versa. His insight into his company and its investment principles are priceless. IF only all mutual fund companies had these visions. "
— Wayne, 8/25/2013" A bit repetitive, but good information and well updated. "
— Beth, 8/24/2013" I love this guy. He basically repeats all the investing advice my grandfather always said. "
— Rob, 8/10/2013" Makes a damn good case for why actively-managed funds are nothing better than gambling at poor odds, and why passively-managed (indexed) funds should be preferred. "
— Micah, 7/19/2013" basically this book tells you to invest in index funds with low expense ratios. "
— Maria, 6/16/2013" Bogle taught me how to sleep a little easier and a simple way to worry less about how to invest my savings. "
— Roger, 6/16/2013" The world has changed greatly in the 10 years since this book was published. Some of this book was outdated, but the fundamentals of mutual fund and index investment are great. "
— Nathan, 10/29/2012" If you want to learn about mutual fund investing, this is where to start and where to finish. "
— Adam, 8/14/2012John C. Bogle is founder of the Vanguard Mutual Fund Group and president of its Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as chairman and chief executive officer until 1996. 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. Bogle is also the author of Enough and The Little Book of Common Sense Investing.