The Little Book of Common Sense Investing audiobook cover art. Sample .. reference material will be available in your My Library section along with the audio. Listen to Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns audiobook Publisher: Macmillan Audio. 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.
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Listen to "The Little Book of Common Sense Investing The Only Way to Guarantee Your Fair Share of Stock Market Returns" by Audio Format. Listen to The Little Book of Common Sense Investing Audiobook by John C. Bogle Release date: ; Language: English; Publisher: Macmillan Audio. The Little Book of Common Sense Investing audiobook free english mp3. John C. Bogle's The Little Book of Index Investing is a.
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 download 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.
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. 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.
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Successful investing is not easy. It requires discipline and patience. Apr 30, Michael rated it really liked it. While it was indeed a little book, it was much longer than it needed to be.
The whole book can be summed up in one sentence: download and hold a low cost index fund. You're welcome, you've essentially just read the book.
Bogle deserves a million stars for starting Vanguard and bringing us the concept of low-cost index funds. I'll even go one better and agree with the fundamental premise of this book, that almost everyone should have broad-based indexing as the foundation of their investment plans.
This book is essentially a dismantling of vast swaths of the financial industry, especially the mutual fund. Step by step, and through the relentless application of real-world performance numbers and statistics, Bogle s Bogle deserves a million stars for starting Vanguard and bringing us the concept of low-cost index funds.
Step by step, and through the relentless application of real-world performance numbers and statistics, Bogle shows investing for what is it is - a zero sum game where people who don't index, take money from each other while also paying the entire industry that is in place to chase mythical outperformance via mutual funds. The result? Rather than try to find a needle in a haystack, why not just download the haystack he's full of colloquialisms and folksy charm?
My biggest issue with the book is that it pokes a stick at the largest turd in the industry mutual funds and then says, "indexing is a heck of a lot better than this. He quotes Buffett several times without mentioning that his market-crushing performance is still in full effect and investors are still being rewarded by it or that stock picking services like the Motley Fool have a great track record of consistently outperforming market averages on most of their real-money portfolios.
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.
I think there's a way of doing that without diminishing the awesome power of the main thesis. Logic makes sense and if I weren't already a convert, would definitely take seriously.
It's so interesting that so many investors do not. Heading into and beyond: Fees on mutual funds historical based on big days of 70s and 80s but will now result in negative expected return. Corey raised a very interesting point: View all 5 comments. Dec 18, Jason Pettus rated it it was amazing Shelves: I'm posting the last of my reads here this month without reviews, so that they'll count towards this year's Goodreads Reading Challenge.
Full review coming in early Feb 29, Joseph Wengerd rated it it was amazing. Index funds are those good plans that will save you from failing in the dreams of a perfect plan. May 23, Jyotishka Misra rated it liked it. The book reiterated the same point from start to finish.
What could have been a much smaller book, was stretched to the very limits. While there were a scant number of ideas presented, with the entire focus pretty much being on ETFs, there was well presented data to explain why the solitary conclusion had been drawn for a range of scenarios.
May 26, Wilde Sky rated it liked it. This book provides a basic guide to investing for the long term. Some of the points made, such as have diverse investments, that past performance can be misleading and minimise costs, were interesting, but overall this book was a bit simplistic and it was very repetitive.
Oct 12, Soheil rated it did not like it. In all my ventures into the books on stock market, I had never come across a book as useless as this one. The author keeps telling you that from the first page to the last that you should follow his advise on chucking mutual stocks and become passive nobody that only invests on index funds and sits for the next 10 years to earn an average profit. To support his statement while claiming that he invented the index funds he uses arguments such as tax, agent fees, half quotes from famous people, s In all my ventures into the books on stock market, I had never come across a book as useless as this one.
To support his statement while claiming that he invented the index funds he uses arguments such as tax, agent fees, half quotes from famous people, stupid examples on why this worked you may be able to find many more on why this did not work! The writing is awful. The author's futile at humor fail to create the slightest of smiles.
He keeps repeating phrases such as the "relentless rules of humble arithmetic" as many as what feels like a million times there is even a chapter with that name. I have only one recommendation to anyone reading this.
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Stay well away from this book. Your time has more value Jan 08, Samarth Agnihotri rated it really liked it. Right books for intermediate and not for beginners. Deals with wide range of factors in investing. How emotions can lead to profit and loss. Importance of index funds and much more. How hiring a stockbroker is a bad decision. Only downfall is repetition of same points over and over again. Jul 06, Daniel rated it really liked it.
Good book about traditional index fund investing. Over audiobook, it is a bit hard because there are many percentage returns listed that are hard to keep track of without looking at it. Apr 03, Bryan rated it really liked it. I rate this book highly because it is a quick read and convincingly outlines some very important foundations of stock investing.
I took two key points away from the book: Minimizing fees by utilizing low-cost index funds will almost certainly be more profitable over the long term than actively managed funds. Yearly fees on some of the cheapest index funds are around. Tax minimization is one of the most important factors in investment s I rate this book highly because it is a quick read and convincingly outlines some very important foundations of stock investing.
Tax minimization is one of the most important factors in investment success. The best way to minimize taxes is by investing in k accounts or Roth IRA accounts. In taxable accounts, the best way to minimize taxes is to download stocks and hold them for decades. Tax on gains is not paid until stocks are sold. Holding index funds for very long periods of time is a great strategy in taxable accounts for this reason.
May 24, Davy rated it really liked it Shelves: Sad to say this was one of my first finance books, but happy to report that I picked up a good one. I appreciated the manner in which he explained how he started the first index fund at Vanguard, but didn't necessarily push his own product too much. Although my one complaint of the book was he repeated alot of the same concepts o Sad to say this was one of my first finance books, but happy to report that I picked up a good one.
Although my one complaint of the book was he repeated alot of the same concepts over and over, it really did bring the point across and made the idea stick. Next up, Bogleheads' Guide to Investing. Apr 03, Diego Leal rated it liked it.
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One sentence summary: Invest in index funds. Feb 07, Rodrigo Pimentel rated it it was amazing. In a few years, I'll be finished with my degree and stepping foot into the job market. Having grown up in a family that is poor, we never even thought about the possibility of retirement, much less how to save for it.
After reading about Bogle's recent passing https: Bogle primarily focuses on index funds, as well as how to change In a few years, I'll be finished with my degree and stepping foot into the job market. Bogle primarily focuses on index funds, as well as how to change one's thinking about investing vs.
Bogle begins the book with a parable, featuring the "Gotricks family. The more they did, the less return on investment they got. Moral of the story? Do away with intermediaries and invest passively.
He also offers several arguments as to why one should pick index funds over actively managed funds, offering concise and easy to understand data that backs up his point. As someone who has never been exposed to the world of investing, I found Bogle's argument to be compelling and simple to understand.
Sep 19, Patrick S rated it it was amazing. The perfect preface for the life of a new investor. Bogle makes the most compelling argument against investing in actively managed mutual funds, to be weary of costs from commissions, management fees and taxes, and to bet instead on the entire U. Inserting quick anecdotes, a vast array of cost analysis, and digging into the history of market returns vs.
Oct 16, Dide rated it really liked it. It's hard to acknowledge that the advice here has been personally tried and tested knowing that the result can only be assessed decades ahead.
That said it made sense especially when other books of the same ilk speak positively of same. I however do find it somewhat of a conflict of interest since he is the founder of America's index fund. And as another commentator said Bogle is the father of indexing. Humanity can thank him for creating wealth for millions of American workers.
But sticking to it takes effort. That applies to investing as well. Bogle explains chapter by chapter showing how staying average is the way to win with charts Bogle is the father of indexing.
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Bogle explains chapter by chapter showing how staying average is the way to win with charts, numbers just pure arithmetic. Jul 24, ScienceOfSuccess rated it really liked it Shelves: Bogle did a good job explaining investment options with pros and cons.
This would be a great book to start since this book was written for normal people, not financial specialists. This comes with a cost of nothing extraordinary if you are looking for something more than basic information about stocks and bonds you should pick another book. Jul 30, Sunil Ramjit rated it it was amazing.
Then, once you have bought your stocks, get out of the casino and stay out. Just hold the market portfolio forever. This investment philosophy is not only simple and elegant. The arithmetic on which it is based is irrefutable. But it is not easy to follow its discipline.
Feb 05, Hunter Satterfield rated it liked it. John Bogle is a legend not only in the investment world, but also the personal finance world.
He recently passed so many have lauded praise on him and it is all true. He changed the investment world more than perhaps any other person of the last 30 years.
I have been wanting to read this book for many years and recently picked up a copy. Given his recent passing I thought it was a good time to read. Let me start by saying that I do this investing and personal finance for a living.I do plan to put effort into it.
Important Points: Where is the PDF file? He describes this as Bogle's Corollary: Publisher's Summary Investing is all about common sense. Stick with the total stock market.