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Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition Hardcover – December 2, 2009
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From Publishers Weekly
Copyright 1999 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
From the Inside Flap
It has been over a decade since the original edition of Common Sense on Mutual Funds was first published. While much has changed during this time, the importance of investing and the issues addressed in the original edition of this book have not. Now, in the Fully Updated 10th Anniversary Edition of Common Sense on Mutual Funds, Bogle returns to update his in-depth look at mutual funds and the business of investing—helping you navigate through the staggering array of investment options found in today's evolving investment landscape.
Timely and timeless, this important book examines the fundamentals of mutual fund investing in turbulent market environments and offers valuable guidance for building an investment portfolio. Along the way, Bogle shows you that simplicity and common sense still trump costly complexity, and that a low cost, broadly diversified portfolio continues to be the best way to build wealth at the lowest cost and risk—and will almost always outperform more expensive, actively managed mutual funds.
Throughout these pages, Bogle skillfully presents a platform for intelligent investing as he analyzes costs, exposes tax inefficiencies, and warns of the mutual fund industry's conflicting interests. Emphasizing long-term investing and asset allocation, Bogle offers sensible solutions to the fund selection process and reveals what it will take to make it in today's chaotic market. Updated charts, which also show original data, as well as new commentary and analysis provide timely guidance in light of recent changes in investment vehicles and market performance.
Securing your financial future has never seemed more difficult, but after reading this revised and updated edition of Common Sense on Mutual Funds, you will become a better investor. From stock and bond funds to global investing and index funds, this book will help you regain your financial footing and make more informed investment decisions.
Top Customer Reviews
I have read all of Mr. Bogle's books and learned from every one. He is a gifted writer with an unequaled background in investing. Fortune magazine designated him as one of the investment industry's four "Giants of the 20th Century." He instituted the first index mutual fund which became the largest mutual fund in the world, and he also founded the only mutual fund owned by its shareholders (Vanguard).
"Common Sense on Mutual Funds (updated) is actually, two books in one. It is his first edition written 10-years ago with charts and data completely updated. In addition, throughout the book, is Jack's commentary on the many changes that have taken place during the past 10 years and how it relates to what he wrote in the original edition. I found it notable that the common sense advice Mr. Bogle dispensed in the first book has stood the test of time remarkably well.
"Common Sense on Mutual Funds--Fully Updated" deserves a place on the bookshelf of every serious investor.
This book was originally written in 1999 right before the telecom/internet stock mania finally took its well-deserved step off the cliff. This edition supplements the original book with updated charts and commentary on what the last decade of volatility has wrought. Bogle's view, backed up by data, is that even the past 10 years hasn't altered his view of the correct strategy - if anything it has been strengthened. If you are not greedy and stick with boring stuff then you don't really have too much to worry about over the long haul.
Given Bogle's message of simplicity I am confused about a book that requires a whopping 600 pages to make the point. Much of what he says gets repeated over and over and over again, to the point where it leaves a far less crisp message than intended. If you are not convinced by page 50 or so that index funds are the way to go, the remaining 550 pages will probably not be all that much more persuasive. In the process he is also less than clear about Vanguard. Perhaps it is just a polite or "objective" writing style, but repeatedly saying things like "all mutual funds companies, with one exception...", when he really means Vanguard, makes little sense to me.Read more ›
Avoiding the kind of I-told-you-so rhetoric that many readers may find off-putting in these difficult times, Bogle diplomatically explains how recent trends in the markets confirm the advantages of owning a highly diversified portfolio managed according to certain intelligent investment principles, which he has termed the 12 Pillars of Wisdom. He gives hope to investors who may have made some wrong turns or were misled during the housing boom by offering them a practical plan for how to get their investments back on the right track.
Bogle's game has always been mutual funds--he's one of the originators and foremost experts in America on this unique investment type. In the ten years since the original publication of Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor and the 35 years since he founded the Vanguard Group, John C.Read more ›
Most Recent Customer Reviews
I've read every book he ever wrote He is a wonderful advisor And his books are something everyone can understandPublished 1 month ago by Tom Sparks
This entire book is one big advertisement for Vanguard and the index fund. It is very clear that Bogle wrote this in his own self interest and as a promotion of his S&P 500 index... Read morePublished 4 months ago by RWI
Wish I would've read this book 20 years ago. It's long, and Mr. Bogle can get technical, but he's a humble genius who artistically intertwines financial investing with American... Read morePublished 7 months ago
Very long an in depth, good book but i suggest reading it before bed if you are having trouble sleepingPublished 7 months ago by Luke
Purchased as gift for beginning investor. Book was way too complex for a novice investor, and way to complex for even an experienced investor. Read morePublished 8 months ago by Tim Anderson