the Author only teaches one lesson in the entire book and spends the rest of it explaining why he is correct.

To learn how to make index investing work for you, there's no better mentor than legendary mutual fund industry veteran John C. This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor.

You’ll also find warnings about investment fads and fashions, including the recent stampede into exchange traded funds and the rise of indexing gimmickry.

My mentor, Ben Graham, took this position manyyears ago, and everything I have seen since convinces me of its truth. Clearly, there are some ways to invest that do beat the market - I just wish that Bogle had spent a little time getting into what it takes to be successful in those other areas.Starting early, and mimicking the market by investing in Index Funds is the best way to ensure that we live a comfortable post-retirement life. Used books have different signs of use and might not include supplemental materials such as CDs, Dvds, Access Codes, charts or any other extra material.

In the context of mutual funds, it is also important to note the Expense Ratio (ER) which includes the cost attributed to managing and operating the active fund. The tenet of Index investing is that even if we cannot beat the market, we still do not lose our invested money (risk-free). so likelihood of finding a true winner manager AND it she still leading it 30 years later is exceedingly slim. Trying to beat the market "is a loser's game," according to Bogle and "the more the managers and brokers take, the less investors make.I felt like this should have been explained more given the immense popularity of broad market index ETFs. He created Vanguard in 1974 and served as chairman and chief executive officer until 1996 and senior chairman until 2000. Rather than listen to their siren songs, investors – large and small – should instead read Jack Bogle’s The Little Book of Common Sense Investing. I would recommend the book for anyone who wants to start investing but doesn't want the headaches and the more technical stuff.

also note that avg tenure as a fund manager is 9 years, and tons of funds close when they have a poor performance period. Definitely makes a convincing point, sharing a handful of opinions given by experts in the field that agree and (some) also adopt it in their own portfolios.Definitely a re-read because it's hard to listen as an audiobook, I'd rather read about ROI %'s than hear them. It starts out very fun, making a strong case to attach itself to Thomas Paine's Common Sense, The Rights of Man and Other Essential Writings, the book that led to the American Revolution.