The Little Book of Common Sense Investing
- The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition
- Narrated by: L. J. Ganser
- Length: 5 hrs and 50 mins
- Unabridged Audiobook
- Release date: 05-12-17
- Language: English
- Publisher: Audible Studios
- Whispersync for Voice-ready
The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
While the stock market has tumbled and then soared since the first edition of The Little Book of Common Sense Investing was published in April 2007, Bogle's investment principles have endured and served investors well. This tenth anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor. Bogle has also added two new chapters designed to provide further guidance to investors: one on asset allocation, the other on retirement investing.
A portfolio focused on index funds is the only investment that effectively guarantees your fair share of stock market returns. This strategy is favored by Warren Buffett, who said this about Bogle: "For decades, Jack has urged investors to invest in ultra-low-cost index funds.... Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me."
Bogle shows you how to make index investing work for you and help you achieve your financial goals and finds support from some of the world's best financial minds: not only Warren Buffett but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale's David Swensen, Cliff Asness of AQR, and many others.
This new edition of The Little Book of Common Sense Investing offers you the same solid strategy as its predecessor for building your financial future.
Build a broadly diversified, low-cost portfolio without the risks of individual stocks, manager selection, or sector rotation.
Forget the fads and marketing hype, and focus on what works in the real world.
Understand that stock returns are generated by three sources (dividend yield, earnings growth, and change in market valuation) in order to establish rational expectations for stock returns over the coming decade.
Recognize that in the long run, business reality trumps market expectations.
Learn how to harness the magic of compounding returns while avoiding the tyranny of compounding costs.
While index investing allows you to sit back and let the market do the work for you, too many investors trade frantically, turning a winner's game into a loser's game. The Little Book of Common Sense Investing is a solid guidebook to your financial future.
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Customer ReviewsMost Helpful
By MB on 21-06-18
For someone who has significant experience in the financial markets, this book offers no new insights. It does reinforce or reminds of some key truths about investing though. The book is also aimed at an American investor and some of the tenets praised by the author are not that relevant for someone living in a different part of the world. The book should be a must read for someone who is just making their first steps in the markets though.
1 of 1 people found this review helpful
Customer ReviewsMost Helpful
By Anonymous User on 20-02-18
Indexing trumps all
Basically 5 hours of being told that a low cost, low turnover index fund that tracks the S&P 500 is your best bet for long term investment success.
Reading books on investing is always super dry. This guy does as good a job as one can to keep you awake.
6 of 6 people found this review helpful
By bryan on 15-01-18
Great book for anyone interested in investing
Everything in the book is great and with my research on investing beforehand this book confirmed my suspicions.
Audible where is the PDF!?!?
I’ll be buying a copy as a gift for a few people.
2 of 2 people found this review helpful