Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See this image

Common Sense on Mutual Funds: 3 CD's Audio CD – Abridged, Audiobook

4.3 out of 5 stars 22 customer reviews

See all 5 formats and editions Hide other formats and editions
Amazon Price
New from Used from
Audio CD, Abridged, Audiobook
"Please retry"
CDN$ 210.64 CDN$ 36.31

99 by Wayne Gretzky 99 by Wayne Gretzky

click to open popover

No Kindle device required. Download one of the Free Kindle apps to start reading Kindle books on your smartphone, tablet, and computer.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

Product Details

  • Audio CD
  • Publisher: Penton; abridged edition edition (June 19 2000)
  • Language: English
  • ISBN-10: 1560159529
  • ISBN-13: 978-1560159520
  • Product Dimensions: 14.9 x 12.7 x 2.4 cm
  • Shipping Weight: 191 g
  • Average Customer Review: 4.3 out of 5 stars 22 customer reviews
  • Amazon Bestsellers Rank: #3,513,787 in Books (See Top 100 in Books)
  •  Would you like to update product info, give feedback on images, or tell us about a lower price?

Product Description


"...provides good basics on how to think about mutual fund investing..." (Wall Street Journal, August 7, 2006

"...A solid advisor in the world of charlatans, false prophets and hysterics and can be recommended to everyone." (Financial Times (Germany), 27th February 2001)

"Bogle has written an incredibly insightful and impassioned study of the mutual funds industry. The study is lucid, invigorating and well informed." (Investment Adviser, 18th December 2000)

--This text refers to an out of print or unavailable edition of this title.

From the Back Cover


"Cogent, honest, and hard-hitting-a must read for every investor." -Warren E. Buffett

Praise for Common Sense on Mutual Funds

"Invoking both Thomas Paine and Benjamin Graham, Jack Bogle outlines a supremely logical plan not only to better investors' returns, but to improve the whole fund industry. This isn't just the best book yet by Bogle, it may well be the best book ever on mutual funds." -DON PHILLIPS, President & CEO, Morningstar, Inc.

"Buffett cannot teach you or me how to become a Warren Buffett. Bogle's reasoned precepts can enable a few million of us savers to become in twenty years the envy of our suburban neighbors-while at the same time we have slept well in these eventful times."-PAUL A. SAMUELSON, Massachusetts Institute of Technology Department of Economics

"After a lifetime of picking stocks, I have to admit that Bogle's arguments in favor of the index fund have me thinking of joining him rather than trying to beat him. Bogle's wisdom and his commonsense way of explaining things make this book indispensable reading for anyone trying to figure out how to invest in this crazy stock market."-JAMES J. CRAMER, Money Manager and Senior Columnist for TheStreet.com

"Written in his characteristic forthright and visionary style, Bogle penetrates the myths and jargon to shed a powerful light on the central issues that confront every investor, no matter what their level of experience or sophistication." -MARTIN L. LEIBOWITZ, Vice Chairman and Chief Investment Officer, TIAA-CREF

"Jack Bogle is one of the great pioneer/visionaries of the investment business. In this book, he shares his knowledge, experience, and judgment to enable us to become better investors. The final philosophical chapters provide insights that may help some of us become better people." -BYRON R. WIEN, Chief U.S. Investment Strategist Morgan Stanley Dean Witter --This text refers to an out of print or unavailable edition of this title.

See all Product Description

Customer Reviews

4.3 out of 5 stars
Share your thoughts with other customers

Top Customer Reviews

Format: Paperback
John C. Bogle founded Vanguard, the premier indexed mutual fund company. If you invest in mutual funds, especially if you invest in managed mutual funds, you must read this book. He reveals his intensely compelling case for passive management of funds (ie indexing) versus active management (ie stock-picking, market-timing, hot-manager style) funds.
Most people these days hold the bulk of their investment assets in pension funds, IRAs or 401Ks usually consisting of mutual funds, and this audience will gain significant insight from Bogle's advice. Bogle also campaigns to save the mutual fund trader from herself, relentlessly presenting the mutual fund as a buy-and-hold investment vehicle.
Those who have read a few other books on investing may find Bogle's single-mindedness and thoroughness a bit tedious. I found myself skimming for content throughout the book and especially after the first 14 chapters, finding the later material more visionary and less relevant to my investing. A good editor could probably reduce the bulk of the text by a half or two-thirds and retain the central ideas.
By the way, you can get much of this material (for example, the chapter on bond funds) from the Vanguard web site under the "Bogle Lectures." All the ideas are there - they're what the company is based on. Save a few bucks - reduce your investing costs - "costs matter" as Bogle will tell you again and again.
One person found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again.
Report abuse
By A Customer on Sept. 5 2001
Format: Paperback
Before investing any money in any mutual fund, you should be forced to read this book. This is truly a book that will help anyone who is confused about mutual funds get started by bypassing the hype about what fund is hot for today. The general rule of Wall Street when it comes to the individual investor is that by the time you hear about it, its too late to profit from it. This book pretty much explains why. As for it being repetitive, thats only because those points need to be drilled home. COSTS MATTER, a forgotten point when 100% returns are not abnormal. That time has passed and you should be ready for that. Read this book and forget brokers and their commisions...especially when they can look you in the eye and suggest a bond fund with a 4% sales charge and a 1.5% annual expense ratio. When you expect to make 5% yearly in a bond fund, you then should expect 0 return in yr. 1 and you will be paying 30% of your return back to the fund in each subsequent year, unless they can make that percentage up by taking on more risk and, thus, jeopardizing your investment goals. It truly is absurd. I would also suggest What Wall Street Doesn't Want You to Know, and The Intelligent Asset Allocator for more on the subject.
Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again.
Report abuse
Format: Paperback
This is the book that you would use to show hard evidence to fund manager friends as to how indexing is the most cost-efficient method of investing in the long run. It has everything you need to right a disertation on the subject of index vs. actively managed funds. It is a good read, but pretty dry at times.
I can sum up the major points of this book:
1) Index funds, due to their low costs and tax efficiency, give you greater returns over the long term than similar actively managed funds.
2) Index funds are the way to go when it comes to large- and mid-cap funds. However, actively managed funds are better for small-cap funds.
3) International funds may not be needed since most US companies now have very significant international exposure.
4) Index funds are also the way to go when it comes to bond market exposure.
5) Very few investment companies will tell you about the above four points because it means that they would be admitting their own inefficiencies, their high costs, and their false claim of actively managed funds do better than indexed funds.
There, I just saved you the cost of the book.
Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again.
Report abuse
Format: Paperback
John Bogle, founder of the Vanguard Group which is the known for its low cost index funds as well as simply being one of the two largest mutual fund organizations, makes his simple but undeniable arguement.
1. The administrative costs of a mutual fund makes a huge impact on returns. For example, a 1% administrative fee eats away at least 10% of the fund's yearly return if it earns 10%.
2. Index funds have consistantly outperformed other managed funds.
3. Given #1, the managment fees for managed funds are a double burden because they reduce returns that are already typically below what a low cost index fund can offer.
Bogle also touches other topics on the mutual fund industry. I found that he hammered the same points home again several different ways. This made some parts of the book drag, but I suppose it is useful for those who may be skeptical about index funds to see the evidence presented in several formats. Bogle also touches upon the (mis?)-management of mutual funds. Fees have gone up despite the proven inability of funds to beat the market despite the supposed skill of their managers, funds turnover their securities rapidly leaving the unprepared owner (invester) with capital gains nightmares as well as lost returns due to trading costs.
Also interesting, Bogle reviews his life in the mutual fund industry. I feel Bogle hits us with a little too much data and not enough of the drama of the industry. For example, does Bogle's fellow fund managers believe they have the skill to beat the market or do they know they are ripping people off by creating and marketing funds with excessive fees and unproductive churning of assets?
Read more ›
Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again.
Report abuse

Most recent customer reviews