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He begins with primer-like essays on investment strategy, championing mutual funds for their inherent investment value, and then grinding each point home with a bevy of graphs, charts, entertaining anecdotes, and common sense. He repeatedly stresses time as a basic tenet for investing, listing these simple rules: "Time is your friend"; "Impulse is your enemy"; "Stay the course." And then he proceeds to blast fund managers, who have become marketers rather than managers.
The trade-off between the profits that accrue to fund shareholders and the profits that accrue to the fund management companies seems subject to no effective independent watchdog or balance wheel, despite the fact that the shareholders actually own the mutual funds.It's an interesting concept: smart, reasoned investors can all but secure their financial future, but the system itself, run unchecked by fund managers, needs a major overhaul. And considering the amount of reasoned, historically based support he includes, readers will have a hard time finding fault with the sometimes controversial Bogle. Equal parts instructional and crusade, Common Sense on Mutual Funds deserves the attention it's likely to receive. Recommended. --Rob McDonald --This text refers to the Hardcover edition.
In waging his crusade against actively managed funds, Bogle loses sight of the fact that even index funds are managed nonetheless. Read morePublished on April 13 2004
Bogle's book is a classic. It eloquently discusses mutual fund fundamentals and makes a strong argument for indexing. Read morePublished on Oct. 30 2003
John Bogle has done more to benefit investors than any 10,000 brokers, business talking heads, high-priced fund managers, or how-to investment books.Published on Oct. 28 2003
The fund industry sells the fantasy that everyone can beat the market. What nonsense, since we are, in the aggregate, the market. Don't be sucked in! Read morePublished on Jan. 14 2003
John Bogle is a nice guy, but he is dead wrong about the stock market and about active management of mutual funds. Read morePublished on Oct. 13 2002 by Edward D. Phillips, Ph.D.
John Bogle uses a lot of data and rationalism to hit home the point. This is an excellent book for people wanting to start investing in the stock market, especially mutual funds. Read morePublished on Sept. 14 2002 by Manish G.
The central theme of this book is good -- that index funds are likely to deliver better returns than actively managed funds due to their low cost, high diversification, and tax... Read morePublished on Sept. 10 2002 by dHXYbarINd1T
This is suppose to be an excellent book but if you are looking for an easy read, you are mistaken. I am a rookie investor and he just confused me.Published on July 25 2002