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The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Book Big Profits) (Hardcover)
by John C. Bogle
Category:
Investing, Index fund, Investment guide, Stock investment |
Market price: ¥ 228.00
MSL price:
¥ 208.00
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Stock:
Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
MSL rating:
Good for Gifts
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MSL Pointer Review:
This brilliant book from a financial guru is full of valuable investment advice. |
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Author: John C. Bogle
Publisher: Wiley
Pub. in: March, 2007
ISBN: 0470102101
Pages: 240
Measurements: 7.1 x 5.3 x 1 inches
Origin of product: USA
Order code: BA01025
Other information: ISBN-13: 978-0470102107
Language: American English
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- Awards & Credential -
An Amazon.com bestseller in the category on stock investing. |
- MSL Picks -
For those investors who are familiar with Bogle and his investing philosophy (from his previous books, speeches, and appearances in the financial media)there is nothing new here. The book is a basic compilation of Bogle's views on investing, based on a long and distinguished career in the financial services industry. He is outspoken, very smart, firm in his opinions based on extensive research, and wants to make sure that investors get a fair shake when investing.
Bogle goes to great lengths, backed up by data, to show that investing in broad-based low-cost index funds for the long-term is the way to build wealth. He frowns upon the use of actively managed funds and most ETFs as not adding value, but says some money can be allocated to them if you've done your homework on the investment manager and the composition of the ETF (should be an index ETF only) respectively. He has harsh criticism for those companies and advisors that do not add value to investors' return yet reap $400 billion a year in commissions and fees.
Perhaps the next reprint or revision of this book will contain an index which will make finding certain topics less cumbersome. I was surprised not to find a recommended portfolio allocation for different age investors, as well as a list of recommended funds. While he does include a number of funds as examples in tables, he never pulls everything together to recommend a specific domestic, international and bond fund for purchase. He does say that the bond percentage of your portfolio should be equal to your age (age 40 have 40% bonds, and that international investments should be no more than 20% of the portfolio.
Overall, Bogle presents a cogent look at investing in today's uncertain world with a solid, easy to implement investment approach that has stood the test of time. He is steadfast in his views on long-term investing and has shown that investing in the entire stock market is the best approach. This book is a great primer for new investors of all ages, and for those who are not sure of what they are doing.
(From quoting L. Masonson, USA)
Target readers:
This book is best for people that want to move up their financial goals by using techniques so simple.
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JOHN C. BOGLE is founder of the Vanguard Group, Inc., and President of its Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as chairman and chief executive officer until 1996 and senior chairman until 2000. In 1999, Fortune magazine named Mr. Bogle as one of the four "Investment Giants" of the twentieth century; in 2004, Time named him one of the world’s 100 most powerful and influential people, and Institutional Investor presented him with its Lifetime Achievement Award.
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From Publisher
Investing is all about common sense. Owning a diversified portfolio of stocks and holding it for the long term is a winner’s game. Trying to beat the stock market is theoretically a zero-sum game (for every winner, there must be a loser), but after the substantial costs of investing are deducted, it becomes a loser’s game. Common sense tells us - and history confirms - that the simplest and most efficient investment strategy is to buy and hold all of the nation’s publicly held businesses at very low cost. The classic index fund that owns this market portfolio is the only investment that guarantees you with your fair share of stock market returns.
To learn how to make index investing work for you, there’s no better mentor than legendary mutual fund industry veteran John C. Bogle. Over the course of his long career, Bogle - founder of the Vanguard Group and creator of the world’s first index mutual fund - has relied primarily on index investing to help Vanguard’s clients build substantial wealth. Now, with The Little Book of Common Sense Investing, he wants to help you do the same.
Filled with in-depth insights and practical advice, The Little Book of Common Sense Investing will show you how to incorporate this proven investment strategy into your portfolio. It will also change the very way you think about investing. Successful investing is not easy. (It requires discipline and patience.) But it is simple. For it’s all about common sense.
With The Little Book of Common Sense Investing as your guide, you’ll discover how to make investing a winner’s game:
- Why business reality - dividend yields and earnings growth - is more important than market expectations - How to overcome the powerful impact of investment costs, taxes, and inflation - How the magic of compounding returns is overwhelmed by the tyranny of compounding costs - What expert investors and brilliant academics - from Warren Buffett and Benjamin Graham to Paul Samuelson and Burton Malkiel - have to say about index investing - And much more You’ll also find warnings about investment fads and fashions, including the recent stampede into exchange traded funds and the rise of indexing gimmickry. The real formula for investment success is to own the entire market, while significantly minimizing the costs of financial intermediation. That’s what index investing is all about. And that’s what this book is all about.
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View all 10 comments |
MarketWatch (MSL quote), USA
<2007-10-22 00:00>
... read Bogle's new Little Book of Common Sense Investingand you'll see how easy it is to beat the Alpha Hunters at their own game! |
Fund Strategy (MSL quote) , USA
<2007-10-22 00:00>
…particularly interesting… goes some way towards discrediting the stockpicking virtues taught to me in my time as a financial journalist. |
Financial Times (MSL quote), USA
<2007-10-22 00:00>
...provides an opportunity to reflect on a remarkable career and legacy. |
Jonathan Clements (Wall Street Journal, MSL quote), USA
<2007-10-22 00:00>
It's an easy read that will, I suspect, quickly join Burton Malkiel's A Random Walk Down Wall Streetand Charles Ellis's Winning the Loser's Gameas one of the indexing crowd's favorite books.
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View all 10 comments |
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