Bogle on Mutual Funds: New Perspectives for the Intelligent Investor Paperback – Oct 4 1994
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"Bogle is rattling the status quo among the mutual fund titans." -- Fortune
From the Back Cover
"Bogle is rattling the status quo among the mutual fund titans." -- FortuneSee all Product Description
Top Customer Reviews
How should we invest in common stocks? Mr. Bogle has the answer for most of us, it is indexed mutual funds (S&P 500, Russell 2000, etc.). This book should be reread if you start getting impatient and begin to feel that your stock-picking ability is superior to the stock market indices.
How readers will feel about Mr. Bogle's book, say, 10 to 20 years from now, depends upon what happens to the stock market in the future. If the stock market has a disastrous crash (index funds do not provide immunity from crashes) along the way, and 15 years from now it is, say, at 10,000, people will say, "Boy, was I stupid to believe Mr. Bogle, and put so much into the stock market."
The bottom line advice of this excellent book is that the stock market is a good bet, so obviously if the market does not cooperate, the credibility of this scholarly work will suffer. 20/20 hindsight will condemn even the best books. I am betting all my stock market investments, mostly indexed mutual funds (most of my money, however, is in real estate), that there won't be a disaster and the market will be significantly higher. The history that Mr. Bogle provides in this book shows that this is a reasonable bet.
This book is a gem with many facets. It explains the various investment markets; it describes the different types of mutual funds (bond, stock, balanced, money market, etc.); it tells you how to understand and evaluate risk; and it gives advice on how to construct an investment program for whatever purpose you may have in mind (college tuition, retirement, to preserve and enlarge an inheritance). Bogle also gives advice on how much risk is prudent for different investment time "horizons".
I bought this book when it first came out and have re-read it several times to make sure I'm on track. For the average investor, this is a classic.
Covered is everything from stocks, bonds, money market funds, indexing, asset allocation, expense ratio's and the risks inherent not only in investing but in not investing (e.g. the erosion of the dollar vs. inflation in "safe" investments). Bogle utilizes numerous graphs and statistical data throughout the book to help make his point and to allow the reader increased comprehension.
It is important to note that this book was published in the early 1990's. Since then capital gains tax laws have changed and the Roth IRA was yet to be created. For more up-to-date information I would recommend reading Bogle's newer book, Common Sense on Mutual Funds. Nevertheless, Bogle On Mutal Funds is a great place to start educating yourself to become more financially savvy. This book has been invaluable to me and I believe it is key to my investing success. I find myself often referring to it, expecially now in these turbulent market times just to hear Mr. Bogle remind me to, "stay the course" and I will be rewarded. No wonder so many admirers refer to the beloved Mr. Bogle as, "Saint Jack."
Most recent customer reviews
My first and final book on mutual funds. I've read several others, but keep returning to this one. The end of chapter summaries are invaluable. Read morePublished on March 23 2004 by G. L. Simms
I read this book when it first came out ten years ago at the beginning of the bull market. At the time the book had mixed reviews. Read morePublished on Feb. 16 2004 by Joe Cool
Great book, maybe. But is it ever boring. Mutual Funds excite me (I'm a CPA), but not this book.Published on Sept. 2 2003 by Eric M. Robinson
Bogle provides an excellent guide to the world of mutual funds. He begins with an introduction to three primary classes of investments namely stocks, bonds and cash reserves and... Read morePublished on June 19 2001 by Ananth
This book is excellent as far as getting the basics with respect to mutual funds, and Bogle's point of view, albeit conservative with respect to bonds, should be listened to and... Read morePublished on Jan. 6 2000 by Cshelton
Love this book for two reasons. First, it has lots of unique and non-intuitive things to say about mutual funds and investing. Read morePublished on March 16 1999
this has been the guiding light to investing in mutual funds and dispels all the myths of managed accounts.Published on March 12 1999 by firstname.lastname@example.org
This book systematically explains what you need to know to invest in mutual funds. It is not very easy read, the first couple of chapters, for example, are not that elementary... Read morePublished on Feb. 23 1999
This is simply the best book on investing which I have read....and I've read many texts.Published on Dec 27 1998