Common Sense on Mutual Funds Hardcover – Dec 2 2009
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From Publishers Weekly
Not that many years ago, an average bookstore might have had two or three books on mutual funds filed away in the business section. Today, as the number of Americans who invest in mutual funds continues to grow, such books take up several aisles in a section of their own. There are guides for data junkies and mathphobes, books that tell how to make a killing and books that tell how to avoid the coming disaster. A few classics stand above the clutter. Bogle on Mutual Funds is one of them. Now the same author has added another. While the first book aimed at educating beginners, the new one seeks to persuade experienced investors to discard received wisdom that isn't so wise after all. While no 450-page work on mutual funds with lots of charts can be considered fun summer reading, the book is always informative and the writing never worse than painless and sometimes quite lively. Bogle speaks with a rare authority. On one hand, he is the founder of Vanguard mutual funds, the second-largest mutual fund company in the world. So he knows the business from the ground up. On the other hand, Vanguard has always been famous for running the lowest-cost mutual funds, funds that eschew loads, engage in sensible strategies and return all profit to the investors. So Bogle is also a leading consumer advocate. That rare combination, mixed with years of serious research and a dash of style, makes Bogle an unparalleled guide to the world of mutual funds. Money Book Club alternate.
Copyright 1999 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
From the Inside Flap
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 book 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 these pages, 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. Updated charts, which also show original data, as well as new commentary and analysis provide timely guidance in light of recent changes in investment vehicles and market performance.
Securing your financial future has never seemed more difficult, but after reading 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 book will help you regain your financial footing and make more informed investment decisions.See all Product Description
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Top Customer Reviews
It's basic principle is that for your investments to provide wealth in the long-term you must abandon the current casino-style gambing on the latest mutual fund fad and invest in solid, low-cost, no-load funds.
This book is not for the total beginner since it probably has too much detailed technical data for the few pearls of wisdom -- albeit priceless pearls. However, given the huge mutual fund industry that mostly disagree with John Bogle, the amount of technical information is probably necessary.
Unlike the four "Common Sense" pamphlets written by Thomas Paine to inspire the regular citizen to reject British imperialistic rule, this book is too technical to spark a popular uprising against the over-priced mutual fund industry of today. However the fact that Bogle practices what he preaches and has built a company 'Vanguard' on his beliefs gives his book an authority missing in much writing.
For the beginner, a book I read that really did change my life is "Personal Finance for Dummies" by Eric Tyson.
By the way, the book's jacket and first few pages are loaded with hyperactive rave reviews from some Big Names in the investment field. This seems awfully disingenuous when Bogle thanks almost all of them by name a couple pages later in the Acknowledgments section. Logrolling, anyone?
Most recent customer reviews
Bogle is the best at giving people the straight dope on what to do in simple investing. If you are not a whiz on the market or investing, no matter, he gives his main message... Read morePublished on Aug. 17 2000 by David Keirsey
Bogle presents a well-researched expose of the large fund companies' sub-par performance, makes a solid case for choosing index funds over managed funds. Read morePublished on Oct. 11 1999
Bogle makes an impressive case both logically and factually for using low cost and widely diversified mutual funds as one's primary investment vehicle. Read morePublished on Oct. 2 1999
This book provides a good argument for buying low cost, index funds for the average investor. Each chapter provides evidence on why index funds should be a major part of one's... Read morePublished on Aug. 29 1999
Bogle has written a terrific book that makes its points over and over. Low cost funds, passive investment strategies, etc. Read morePublished on Aug. 3 1999
Are low expense, low tax index funds are the way to go? The academic studies and charts in this book helped me decide. Read morePublished on July 5 1999
Bogle's investment advice is rock solid, but I found his repetition irritating. What I found particulary fresh was his critique of the mutual fund industry. Read morePublished on June 22 1999