Common Sense on Mutual Funds
Categories: Business & Money
John C. Bogle, who founded Vanguard in 1975 and launched the first index mutual fund for individual investors, takes a critical look at the mutual fund industry and the costs it charges. Bogle argues that simplicity beats costly complexity and that a low-cost, broadly diversified portfolio will outperform most Wall Street professionals over the long run. This second edition updates the 1999 original, reviewing the industry's structural and regulatory changes and restating his rules for building a portfolio.
Recommended by 3 people
- Peter Mallouk
- Mr. Money Mustache
- Warren Buffett: “A book that came out just in the last few months in the investment world that I would certainly recommend to everybody is "Common Sense on Mutual Funds," by Jack Bogle. Jack is an honest guy, and he knows the business.”