Your time has more value Dec 02, Bradley rated it really liked it Shelves: shelf , economics. This is a funny little book. 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. Kinda like the causes for the Revolution. So, what, we need to overthrow the stock market? The actual idea is prett This is a funny little book.
The actual idea is pretty damn simple and backed up with massive proof in the massive pudding. Second-guessing, day trading, money managers, almost everything else performs worse. It's pretty simple. Don't pay for middlemen, diversify for yourself, and have it rock out with compound interest. Unfortunately, the rest of the book is just a lot of repeating the same good idea, always pushing for the value of ETFs, and it highlights how the system OUGHT to work, without interference or bad actors.
All good, as far as that goes. So, if we live in a perfect world, this is just about perfect. Honestly, the book could have been even shorter but what is here is still good. I've seen most of these ideas many times before, even so. Jan 30, David rated it liked it. I get it. Invest in index funds that are low cost, broadly diverse, and hold hold hold. Great idea, but much of the book is spent smacking you over the head with the idea.
Bogle deserves a million stars for starting Vanguard and bringing us the concept of low-cost index funds. I'll even go one better and agree with the fundamental premise of this book, that almost everyone should have broad-based indexing as the foundation of their investment plans. This book is essentially a dismantling of vast swaths of the financial industry, especially the mutual fund.
Step by step, and through the relentless application of real-world performance numbers and statistics, Bogle s Bogle deserves a million stars for starting Vanguard and bringing us the concept of low-cost index funds. 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.
The result? Rather than try to find a needle in a haystack, why not just buy the haystack he's full of colloquialisms and folksy charm? My biggest issue with the book is that it pokes a stick at the largest turd in the industry mutual funds and then says, "indexing is a heck of a lot better than this. He quotes Buffett several times without mentioning that his market-crushing performance is still in full effect and investors are still being rewarded by it or that stock picking services like the Motley Fool have a great track record of consistently outperforming market averages on most of their real-money portfolios.
Clearly, there are some ways to invest that do beat the market - I just wish that Bogle had spent a little time getting into what it takes to be successful in those other areas. I think there's a way of doing that without diminishing the awesome power of the main thesis. View all 4 comments. Feb 29, Joseph Wengerd rated it it was amazing. Index funds are those good plans that will save you from failing in the dreams of a perfect plan.
Jul 24, ScienceOfSuccess rated it really liked it Shelves: waiting. Bogle did a good job explaining investment options with pros and cons. This would be a great book to start since this book was written for normal people, not financial specialists. This comes with a cost of nothing extraordinary if you are looking for something more than basic information about stocks and bonds you should pick another book. Shelves: on-kindle. Logic makes sense and if I weren't already a convert, would definitely take seriously.
It's so interesting that so many investors do not. Heading into and beyond: brace yourself for lower than historical returns lately very low dividend yield companies chasing growth? Fees on mutual funds historical based on big days of 70s and 80s but will now result in negative expected return. View all 6 comments. Jun 06, Anas Saad rated it it was amazing. They are the most cost effective.
And do NOT invest in actively-managed mutual funds because on the long run they are not efficient. I would recommend the book for anyone who wants to start investing but doesn't want the headaches and the more technical stuff. Dec 18, Jason Pettus rated it it was amazing Shelves: nonfiction , contemporary , self-help.
I'm posting the last of my reads here this month without reviews, so that they'll count towards this year's Goodreads Reading Challenge. Full review coming in early Jul 20, Leah rated it really liked it Shelves: fav-books-to-learn-from. This is surprisingly a good book. I thought it was going to be extremely basic beginners guide and only scratch the surface of the investment world.
This book does not really talk about the investment world, it just talks about index funds within the stock market. I feel like they should have chosen a better title. It is all about proving that index funds are the best profitable while being safe bet for investing, with hard factual evidence. Get rid of all your money managers, consultants, fin This is surprisingly a good book.
Get rid of all your money managers, consultants, financial advisors, brokerages, fee's, mutual funds and just buy low cost index funds like Vanguard. It's that simple lol This is not a beginners book. One needs an intermediate level of knowledge on the stock market for this book.
FYI the audiobook does not follow the book May 23, Jyotishka Misra rated it liked it. The book reiterated the same point from start to finish. What could have been a much smaller book, was stretched to the very limits. While there were a scant number of ideas presented, with the entire focus pretty much being on ETFs, there was well presented data to explain why the solitary conclusion had been drawn for a range of scenarios.
Feb 03, Abby rated it it was amazing. Aug 21, Ryan Schmidt rated it it was ok. This book can be summarized as: Point 1: Index funds are better than ETFs, mutual funds, individual stocks, etc. Here are 7 chapters using statistical and historical data to prove it.
Don't believe me? Here's a chapter cap from another source that agrees with me. Point 2: Money managers have their own best interest in mind, and have fees. Avoid them and do your own managing. Here's a chapter cap from another s This book can be summarized as: Point 1: Index funds are better than ETFs, mutual funds, individual stocks, etc. The information in the book is useful, but it seriously could've been written in ten pages, with an optional additional 20 chapters of, "Here are the numbers if you want proof.
Apr 26, Marta Sarrico rated it really liked it. Simple analysis showing why investing in low-cost index funds should be the main approach to follow as an investor. A littler bit repetitive in the first chapters but some very interesting points towards the end about ETFs and brief asset allocation.
Definitely makes a convincing point, sharing a handful of opinions given by experts in the field that agree and some also adopt it in their own portfolios. Not an extensive guide as it could have compared this passive strategy to invest in the m Simple analysis showing why investing in low-cost index funds should be the main approach to follow as an investor. Not an extensive guide as it could have compared this passive strategy to invest in the market with some other strategies but a strong guidebook nevertheless.
Mar 29, Ashraf Bashir rated it really liked it Shelves: finance. Excellent book on the topic, very analytical, data-driven, based on numbers not arguments, referring to experts, simple still in-depth, well researched, tracking history while forecasting future, taking many factors into account including taxes and management costs, including deep comparisons of core message with alternatives of investment, logical, and very well explained. The sole minus point is that it is very repetitive, reiterating on the same point from different angles.
A must-read on inv Excellent book on the topic, very analytical, data-driven, based on numbers not arguments, referring to experts, simple still in-depth, well researched, tracking history while forecasting future, taking many factors into account including taxes and management costs, including deep comparisons of core message with alternatives of investment, logical, and very well explained. A must-read on investing. What can I even say.
We do live in a society and need to save money, and the general concept to invest in index funds rather than playing the stock market seems sound. However, this book presents an individual solution to a systemic problem and doesn't seem to seriously consider that there are any inherent flaws in this capitalist system that leads people to have to invest money to be able to retire in the first place. Like, he keeps on talking about how Main Street can make investing work for i What can I even say.
Like, he keeps on talking about how Main Street can make investing work for it, but like, what is this "Main Street? Furthermore he constantly conceptualizes taxes as theft which is just like He's also really into explaining investment income as "earning our fair share of whatever returns our businesses are generous enough to provide" and there's just so much going on there that I can barely handle breaking it down.
Where does generosity come in to this???? Are taxes not exactly what he is describing here in a way that would positively impact everyone, rather than just the lucky few who can afford to invest? Jul 21, Sergey Evstifeev rated it liked it. Definitely a lot of sound advice to be found in the book. Also, it is clear the book is intended for the widest possible audience, resulting in it being extremely repetitive and at times too simplistic.
The book is good with respect to the main idea in the book, which is investing in low cost index funds, something that the author actually created for the first time. But as a book, it's repetitive even though it gives some great insights and statistics. As an author, Bogle is a bit pompous and self-absorbed too and for good reason.
That's perfectly alright, though it's probably unsavoury to the common people to whom this book carers to. The only benefit of doubt here is that he might be using The book is good with respect to the main idea in the book, which is investing in low cost index funds, something that the author actually created for the first time. The only benefit of doubt here is that he might be using the obviousness and ingeniousness of his idea to drive his point. Else there's probably no excuse to drawing parallels with Benjamin Franklin.
Apr 24, Bidhan rated it really liked it Shelves: finance , underpages , next-read. I think it paints a pretty good picture of how an individual should be investing - all the while re-iterating that his way is not the only way. I really enjoyed Bogle's writing style. Whatever he presented were backed by just enough facts so as to not get boring. Start early, create a good plan and stay the course! Jul 19, Thomas Edmund rated it it was amazing. Continuing my binge of investing related non-fiction The Little Book Coupled with A Random Walk Down Wall Street this Bogle provides both challenge and reassurance for Stock Investors and in my opinion is a must read for those on the topic.
May 26, Wilde Sky rated it liked it. This book provides a basic guide to investing for the long term. Some of the points made, such as have diverse investments, that past performance can be misleading and minimise costs, were interesting, but overall this book was a bit simplistic and it was very repetitive. Oct 20, David Readmont-Walker rated it it was amazing. You know it makes sense. Jun 06, Vishwa Karia rated it really liked it.
Interesting book with investment advice that initially seemed non-intuitive. But Bogle makes many compelling arguments to support his claim of investing in low cost index funds. Definitely worth reading! Cancel anytime. The greatest investment advisor of the 20th century, Benjamin Graham taught and inspired people worldwide. Graham's philosophy of "value investing" - which shields investors from substantial error and teaches them to develop long-term strategies - has made The Intelligent Investor the stock market Bible ever since its original publication in By: Benjamin Graham.
Now, with a new Introduction and Afterword for , The Little Book that Still Beats the Market updates and expands upon the research findings from the original book. Included are data and analysis covering the recent financial crisis and model performance through the end of By: Joel Greenblatt. This book grew out of a series of letters to my daughter concerning various things - mostly about money and investing - she was not yet quite ready to hear.
Since money is the single most powerful tool we have for navigating this complex world we've created, understanding it is critical. By: JL Collins. Real estate investing can provide a safe and fast path to financial freedom, and this business best seller will show you exactly how to get there.
With in-depth advice, The Book on Rental Property Investing imparts practical and exciting strategies that real estate investors across the world are using to build significant cash flow with rental properties. By: Brandon Turner. Peter Lynch, one of the most successful investors of all time, shows you how to use what you already know to make money in the market. You'll discover why smart money is not so smart - and why you may be a better stock picker than the pros, how to follow your hunches and back them up with facts, how to disregard reports on the economy and pick your own time to buy and sell, and how to determine which types of stocks are right for you.
By: Peter Lynch. This witty and wonderful book offers contrarian advice that provides the first step on the road to investment success, illustrating how relying on typical "common sense" promoted by Wall Street is destined to leave you poorer. This updated edition includes new information on backdoor Roth IRAs and ETFs as mainstream buy-and-hold investments, estate taxes and gifting, plus changes to the laws regarding Traditional and Roth IRAs, and k and b retirement plans.
By: Taylor Larimore , and others. At a time of frightening volatility, what is the average investor to do? The answer: Turn to Burton G. Malkiel's advice in his reassuring, authoritative, gimmick-free, and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio or k , A Random Walk Down Wall Street now features new material on "tax-loss harvesting", the crown jewel of tax management; the current bitcoin bubble; and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity.
By: Burton G. Amazon best-selling author and retired hedge fund manager Matthew Kratter will teach you the secrets that he has used to trade and invest profitably for the last 20 years. Even if you are a complete beginner, this book will have you trading stocks in no time. Are you ready to get started creating real wealth in the stock market?
By: Matthew R. Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas tell us exactly what to do. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together.
In The Psychology of Money , award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money. By: Morgan Housel. 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.
By: John C Bogle. Buy as many lattes as you want. Spend extravagantly on the things you love. In this completely updated second edition, Ramit teaches you how to choose long-term investments and the right bank accounts.
With his characteristic no-BS perspective, he shows how to squeeze every hidden benefit out of your credit cards. By: Ramit Sethi. Tony Robbins has coached and inspired more than 50 million people from over countries. More than four million people have attended his live events. Oprah Winfrey calls him "super-human". Now for the first time - in his first book in two decades - he's turned to the topic that vexes us all: How to secure financial freedom for ourselves and our families.
By: Tony Robbins. By: Freeman Publications. Listen to the incredible national best seller that is changing people's lives - and increasing their net worth. Also available: The Millionaire Mind. By: Thomas J. Stanley Ph. Howard Marks, the chairman and cofounder of Oaktree Capital Management, is renowned for his insightful assessments of market opportunity and risk. After four decades spent ascending to the top of the investment management profession, he is today sought out by the world's leading value investors, and his client memos brim with insightful commentary and a time-tested, fundamental philosophy.
The Most Important Thing explains the keys to successful investment and the pitfalls that can destroy capital or ruin a career. By: Howard Marks. After interviewing 50 of the world's greatest financial minds and penning the number-one New York Times best seller Money: Master the Game , Tony Robbins returns with a step-by-step playbook, taking you on a journey to transform your financial life and accelerate your path to financial freedom.
No matter your salary, your stage of life, or when you started, this book will provide the tools to help you achieve your financial goals more rapidly than you ever thought possible. Humorous and entertaining, this book exposes the folly and hypocrisy of Wall Street. The title refers to a story about a visitor to New York who admired the yachts of the bankers and brokers. Naively, he asked where all the customers' yachts were?
Of course, none of the customers could afford yachts, even though they dutifully followed the advice of their bankers and brokers. By: Fred Schwed Jr. One of the most important works ever written on investment theory, Common Stocks and Uncommon Profits lays out the fundamental principles of intelligent investing.
By: Philip A. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. 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 , 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. 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. Thanks to the ever-changing nature of the economy, beginners and seasoned investment professionals alike have to stay on top of their game, always looking for the little bit of knowledge that will help them remain one step ahead of the curve.
Beyond his index fund focus, his depth of knowledge makes a very complicated industry and practice extremely accessible. Great point but he makes it over and over, at least times in the 5 hours. Now you don't need to buy the book. Performance: Reading books on investing is always super dry.
This guy does as good a job as one can to keep you awake. The book should be more accurately titled "only buy traditional index funds". In short, do it yourself. Don't waste your time or money working with actively managed funds and their costly fund managers. Stick with index funds and play the long game.
If this strategy works for you and you want to know more then read the book. 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. Would you recommend this book to a friend?
Why or why not? What was most disappointing about John C. This was written by the person who founded Vanguard group. The entire point of the book is to get people to buy his index funds. Its like reading a timeshare presentation. Who would you have cast as narrator instead of L.
Sounded like a shady salesmen, but I think that is more fault of the writing. Those who want to invest for the very long term with little effort as possible. Not a book for those looking to understand stock trading. Any additional comments? This book is full of a bias view on Vanguard index funds. Its a timeshare presentation.
Now I do agree index funds are great. But I am also planning to get into stock trading. I do plan to put effort into it. This book assumes anyone outside of finance doesnt want to put in any effort into stock trading To sell the author's company index fund John C. Bogle is a legend for a reason, and this book is nothing short of amazing. The Little Book of Common Sense Investing is a must read for recent college graduates working their first job and individuals who are still invested in fee based mutual funds which carry expensive management fees.
Bogle spares no opportunity throughout to prove this point. Other topics discussed are exchange traded funds, asset allocation, and the value of buying and holding. What sets this book apart from other investment classics such as the Intelligent Investor, One up on Wall Street, Beat the Street, etc. Dec I had meeting with my investment advisor, my wife and I left the meeting and we both conferred on the car ride home that he seemed not his usual confident self.
In the meeting he was presenting new fund family and investment company. There was some talk of DOL changes to advice regulations. All these factors immediate caused warning alarms in our common sense. Not that we thought he was bad, but made us put the brakes on moving ahead with any of his suggestions immediately. That's when I started asking others and reading and linking to books and authors. John C Bogle investment philosophy rings truest to my gut feeling.
I selected this book because it is the Anniversary edition and figured it had the most info as it pertains to updated exampleseconomics-recent political climate. I am glad I have have found this book. Keep a notebook handy. There are a lot of references to other authors that you may want to read. I am going to pour through several other books but I suspect that there's going to be changes made in my investment philosophy.
I appreciate John Bogle's life work that it has "waken" this blue collar worker to the reality that Arithmetic is the first of the sciences and the mother of safety and that costs makes the difference between investment success and failure. From inside your Audible's Library page I am on pc-not a mobile app look in the Title column - You will see a hyper-link with the title of the book, look just below the title for "PDF", click on that link and it will open up the accompanying.
Open, honest, heartfelt, and lacking guile. Mr Bogel speaks to all of the dislikes and concerns I have harbored with the investment cartel for years, and then some! His reasoning and use of data is both sound and relevant. Does reading this little book absolutely insure financial investment success?
Of course not. However, until such time that a better plan is unveiled it's an excellent place to start. Good overall narration of index fund and how a investor needs to maintain disciple while investing. This interesting book on the principles of passive investment is let down by the frequent references, in the audio narration, to an accompanying pdf which is not provided anywhere.
I have emailed audible about this but only received an automated reply.
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The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns is a and book on index investing, by John C. Bogle, the founder and former CEO of the Vanguard Group. 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. In this latest entry in the Little Book series, Bogle's gentle prose contains idiot-proof advice for investors at all levels. He punctures the myth of the.