Product Details
- Author: John C. Bogle
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- Binding: Paperback
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- Dewey Decimal Number: 332.6327
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- EAN: 9780471392286
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- ISBN: 0471392286
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- Label: Wiley
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- Manufacturer: Wiley
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- Number of Items: 1
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- Number of Pages: 496
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- Product Group: Book
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- Publication Date: 2000-10-19
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- Publisher: Wiley
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- Studio: Wiley
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- Title: Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
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Avg Customer Rating: 
Product Description: Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual-fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing. 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
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Customer Reviews
Investments
This book was a gift for the man interested in investments!
He loves it!
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Read This!
You must read this book. And it's the only mutual fund investment book you need. I read it cover to cover in just a few days. Now I know exactly what to do with my 401k's, and my IRA's.
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A "Must Have" on Mutual Funds
Investing in mutual funds? This book is the granddaddy of books that reveal everything you want and need to know about mutual fund investing. Bogle, the founder of Vanguard, delivers a knockout blockbuster here that you won't want to miss.
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This book did it for me.
Very detailed and informative book. I still read it from time to time to keep my investment perspective. It lead me to index investing a number of years ago, and I've never been sorry!
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Excellent Complete Guide on Investments
This book reads like a college text (easier version from Bogle would be the little book of common sense investing) but it has all the information you will need to become a proficient investor of mutual funds. What impressed me the most was the use of data going back several hundred years for the case of asset allocation, the use of diversified equities, and cost containment.
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