The Little Book of Common Sense Investing von John C. Bogle | The Only Way to Guarantee Your Fair Share of Stock Market Returns | ISBN 9780470893333

The Little Book of Common Sense Investing

The Only Way to Guarantee Your Fair Share of Stock Market Returns

von John C. Bogle
Buchcover The Little Book of Common Sense Investing | John C. Bogle | EAN 9780470893333 | ISBN 0-470-89333-8 | ISBN 978-0-470-89333-3

„excellent advice in a concise and accessible manner.“ (The WallStreet Journal, April 10, 2007)
"It's hard to argue with the eloquent logic of John C. Bogle'slatest ode to index funds... Bogle's 'Little Book' offers muchexemplary advice." (Bloomberg News, April 2007)
Among monetary gurus and wise men, John Bogle is a singularcase. As the founder of the highly regarded Vanguard Group, he isrevered for the company's commitment to providing value to itsclients as well as profits to its investors. He even has his owngroup of fans, called „Bogleheads,“ who cling to every utteranceand pronouncement from the great man.
In this latest entry in the Little Book series, Bogle'sgentle prose contains idiot-proof advice for investors at alllevels. He punctures the myth of the superiority of mutual fundsand instead declares that by using a bit of common sense, low-costindex funds are the way to go for most modest stock investors. He'salso wary of the ways of Wall Street and cautions investors tosteer clear of its institutional con men and cautions againstexcessive fees and taxes that invariably eat up profits.
It's not very glamorous or exciting advice, but that's also hispoint: Slow and steady wins the race. (Miami Herald, April9, 2007)
„genuinely provides investors with the ideal strategy formaking the most of stock-market investing“ (Motley Fool's UKwebsite, March 8, 2007)
"It's an easy read that will, I suspect, quickly join BurtonMalkiel's A Random Walk Down Wall Streetand Charles Ellis'sWinning the Loser's Gameas one of the indexing crowd'sfavorite books.„--Jonathan Clements (Wall StreetJournal)
“It's hard to argue with the eloquent logic of John C. Bogle'slatest ode to index funds.„ (Bloomberg Terminal, March 8,2007).
“provides an opportunity to reflect on a remarkable career andlegacy.„ (Financial Times, 19th March 2007)
“... it is John Bogle's hymn to index-tracking investment, and a fascinating read it is too.„ (Daily Telegraph, March2007)
“Those who doubt my reasoning should read the Little Book ofCommon Sense Investing by John Bogle.„ (FT Adviser, 24thApril 2007)
“... particularly interesting... goes some way towardsdiscrediting the stockpicking virtues taught to me in my time as afinancial journalist.„ (Fund Strategy, 7th May 2007)
“... wittily written, pocket-sized guide... If you want tolearn how to avoid the unpredictabilities of the stock market andthe fees of middle men, then this book is well worth a read.„(Pensions Age, May 2007)
“ ... For the individual investor, it presents a solid game planfor growing funds over the long haul.„ (Directorship, July2007)
“... read Bogle's new Little Book of Common SenseInvestingand you'll see how easy it is to beat the AlphaHunters at their own game!" (MarketWatch, July 2007)
'The one big thing that Bogle knows -- and explains sowell in this slender volume -- is that buying and holding a broadbenchmark of stocks while keeping fees to a minimum leads to higherlong-term returns than constantly trading in a vain attempt to beatthe market. Common sense? Yes. But radical too, as the entireinvesting establishment is designed to get investors to do theexact opposite.„ (CNNMoney)
“Business books are often written by show-offs who want you toknow all about their knowledge of the Greek tragedies anddark-coloured birds. So it was nice to get hold of the simplywritten Little Book of Common Sense Investing... Itsauthor, John Bogle, in no simpleton. He built Vanguard into a hugefund manager... He is synonymous with index funds in the US. Vanguard's S& P 500 tracker is by far the world's largest mutualfund."--Stephen Cranston, Investor's Notebook (Jan 23,2013)

The Little Book of Common Sense Investing

The Only Way to Guarantee Your Fair Share of Stock Market Returns

von John C. Bogle
"There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors - large and small - should instead read Jack Bogle's The Little Book of Common Sense Investing." - Warren Buffett, Chairman of Berkshire Hathaway, 2014 Annual Shareholder Letter. 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.