File Size: 3659 KB
Print Length: 657 pages
Publisher: Wiley; 10 edition (January 5, 2010)
Publication Date: January 5, 2010
Sold by: Digital Services LLC
Language: English
ASIN: B00338060K
Text-to-Speech: Enabled
X-Ray: Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Not Enabled
Best Sellers Rank: #165,838 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #9 in Kindle Store > Kindle eBooks > Business & Money > Investing > Mutual Funds #37 in Books > Business & Money > Investing > Mutual Funds #329 in Kindle Store > Kindle eBooks > Business & Money > Finance
Some people are larger than life in their fields and everyone would likely agree that Jack Bogle is such a figure in the mutual funds area. Bogle founded Vanguard in the 70's and has since helped ordinary people make more money than perhaps anyone else living or dead. At least he helped those who had the intelligence to listen to his advice. Which is pretty much to invest in really boring index funds for your entire life and then come back decades later and be astonished at how wealthy you are.This book was originally written in 1999 right before the telecom/internet stock mania finally took its well-deserved step off the cliff. This edition supplements the original book with updated charts and commentary on what the last decade of volatility has wrought. Bogle's view, backed up by data, is that even the past 10 years hasn't altered his view of the correct strategy - if anything it has been strengthened. If you are not greedy and stick with boring stuff then you don't really have too much to worry about over the long haul.Given Bogle's message of simplicity I am confused about a book that requires a whopping 600 pages to make the point. Much of what he says gets repeated over and over and over again, to the point where it leaves a far less crisp message than intended. If you are not convinced by page 50 or so that index funds are the way to go, the remaining 550 pages will probably not be all that much more persuasive. In the process he is also less than clear about Vanguard. Perhaps it is just a polite or "objective" writing style, but repeatedly saying things like "all mutual funds companies, with one exception...", when he really means Vanguard, makes little sense to me.
Jack Bogle has produced a real monster of a resource this time! This greatly expanded volume (some 650 pages in all!) has all the verve and audacity of a work you'd expect from industry rogue, Bogle, and is jampacked with new information and updated statistics that help to make his message seem more relevant now than ever before. In the Preface to the 10th Anniversary Edition, Bogle addresses the recent upheaval in the markets in the context of his time-tested formula for ensuring the integral, health of investors' portfolios and posting consistent gains over the long haul. Bogle's investment philosophy emphasizes the importance of maintaining a streamlined portfolio that relies on stock indexing and conservative, long-range predictions regarding growth.Avoiding the kind of I-told-you-so rhetoric that many readers may find off-putting in these difficult times, Bogle diplomatically explains how recent trends in the markets confirm the advantages of owning a highly diversified portfolio managed according to certain intelligent investment principles, which he has termed the 12 Pillars of Wisdom. He gives hope to investors who may have made some wrong turns or were misled during the housing boom by offering them a practical plan for how to get their investments back on the right track.Bogle's game has always been mutual funds--he's one of the originators and foremost experts in America on this unique investment type. In the ten years since the original publication of Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor and the 35 years since he founded the Vanguard Group, John C.
Index Funds: Index Funds Investing Guide To Wealth Building Through Index Funds Investing With Index Funds Investing Strategies For Building Wealth Including ... Guide To Wealth Building With Index Funds) Mutual Funds for Beginners: How to Invest in Mutual Funds for Safe Investing and Great Profits Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition Common Sense on Mutual Funds Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor A Beginner's Guide to Mutual Fund: Everything to Know to Start Investing in Mutual Funds PASSIVE INCOME :MUTUAL FUND (Book #3): Make Your Money Work for you by Mutual Fund (passive income in 90 days,passive income top 7 ways to make $500-$10k a month in 70 days) (MONEY IS POWER) Diversify Your Mutual Fund Portfolio : Morningstar Mutual Fund Investing Workbook, Level 2 Investing: DontBeStupid.club Answers to Stocks, Bonds, Mutual Funds, Real Estate and Retirement 401K: How To Ensure The Best Return, Cut Fees & Maximize Your 401k That Most People Don't Know (401K, ETF, Index Fund, Bonds, Mutual Funds) All About Bonds, Bond Mutual Funds, and Bond ETFs, 3rd Edition (All About... (McGraw-Hill)) Investing: Stocks, Options, Gold & Silver - Your Path to Wealth in a Bull or Bear Stock Market (Financial Crisis, Forex, Passive Income, Mutual Funds, Day Trading, Dividends, Penny Stocks) Mutual Funds For Dummies Bogle On Mutual Funds: New Perspectives For The Intelligent Investor (Wiley Investment Classics) Fund Spy: Morningstar's Inside Secrets to Selecting Mutual Funds that Outperform Mutual Funds For Dummies, 6th edition Morningstar Guide to Mutual Funds: Five-Star Strategies for Success Simple Wealth, Inevitable Wealth: How You and Your Financial Advisor Can Grow Your Fortune in Stock Mutual Funds Don't Count on It!: Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes Investing: How to Generate Wealth in Today's Market: An Investor's Guide to: Stocks, Bonds, Commodities, Futures, Mutual Funds, Options and your 401K