Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor

4.06 avg rating
( 1,843 ratings by Goodreads )
 
9780471295433: Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
View all copies of this ISBN edition:
 
 

NATIONAL BESTSELLER!
"Cogent, honest, and hard-hitting-a must read for every investor." -Warren E. Buffett
Praise for Common Sense on Mutual Funds
"Invoking both Thomas Paine and Benjamin Graham, Jack Bogle outlines a supremely logical plan not only to better investors' returns, but to improve the whole fund industry. This isn't just the best book yet by Bogle, it may well be the best book ever on mutual funds." -DON PHILLIPS, President & CEO, Morningstar, Inc.
"Buffett cannot teach you or me how to become a Warren Buffett. Bogle's reasoned precepts can enable a few million of us savers to become in twenty years the envy of our suburban neighbors-while at the same time we have slept well in these eventful times."-PAUL A. SAMUELSON, Massachusetts Institute of Technology Department of Economics
"After a lifetime of picking stocks, I have to admit that Bogle's arguments in favor of the index fund have me thinking of joining him rather than trying to beat him. Bogle's wisdom and his commonsense way of explaining things make this book indispensable reading for anyone trying to figure out how to invest in this crazy stock market."-JAMES J. CRAMER, Money Manager and Senior Columnist for TheStreet.com
"Written in his characteristic forthright and visionary style, Bogle penetrates the myths and jargon to shed a powerful light on the central issues that confront every investor, no matter what their level of experience or sophistication." -MARTIN L. LEIBOWITZ, Vice Chairman and Chief Investment Officer, TIAA-CREF
"Jack Bogle is one of the great pioneer/visionaries of the investment business. In this book, he shares his knowledge, experience, and judgment to enable us to become better investors. The final philosophical chapters provide insights that may help some of us become better people." -BYRON R. WIEN, Chief U.S. Investment Strategist Morgan Stanley Dean Witter

"synopsis" may belong to another edition of this title.

Review:

Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual-fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.

He begins with primer-like essays on investment strategy, championing mutual funds for their inherent investment value, and then grinding each point home with a bevy of graphs, charts, entertaining anecdotes, and common sense. He repeatedly stresses time as a basic tenet for investing, listing these simple rules: "Time is your friend"; "Impulse is your enemy"; "Stay the course." And then he proceeds to blast fund managers, who have become marketers rather than managers.

The trade-off between the profits that accrue to fund shareholders and the profits that accrue to the fund management companies seems subject to no effective independent watchdog or balance wheel, despite the fact that the shareholders actually own the mutual funds.
It's an interesting concept: smart, reasoned investors can all but secure their financial future, but the system itself, run unchecked by fund managers, needs a major overhaul. And considering the amount of reasoned, historically based support he includes, readers will have a hard time finding fault with the sometimes controversial Bogle. Equal parts instructional and crusade, Common Sense on Mutual Funds deserves the attention it's likely to receive. Recommended. --Rob McDonald

From the Back Cover:

Common Sense on Mutual Funds. New Imperatives for the Intelligent Investor Forward by Peter L.Bernstein.

"Other investment executives used to roll their eyes about Vanguard's Bogle, but his rules work."-Newsweek

When Jack Bogle speaks, people listen-whether they are fans or not. As the senior chairman and founder of the Vanguard Group, one of the two largest mutual fund organizations in the world, he has single-handedly transformed the industry by championing better funds at lower costs to the investor. A leading thinker and visionary whose ideas and principles have been adopted by countless investors, his name is as synonymous with excellence in mutual fund investing as Warren Buffett's is with excellence in stock investing. Now, in Common Sense on Mutual Funds, Bogle takes a critical look at the mutual fund industry and how we invest, and charts a compelling course for change.

Written in Bogle's inimitable style, this eye-opening book examines the fundamentals of mutual fund investing alongside industry practices that are often in conflict with a sound long-term investment program. Common Sense on Mutual Funds shows investors how to revolutionize their portfolios by embracing simplicity and then avoiding industry pitfalls. Just as Thomas Paine argued for a new way of thinking about independence in "Common Sense," so Bogle sets forth a new way of looking at mutual funds. He presents a platform for intelligent investing and then uncovers the ills that beset the mutual fund industry, serious ills that thwart our efforts to accumulate adequate financial resources. He analyzes costs, scrutinizes asset size, exposes tax inefficiencies, warns of "empty suit" directors, and reveals the severe conflict between fund principles and fund pro-motion. Emphasizing long-term investing and asset allocation, Bogle finds in simplicity the solution to the riddle of fund selection by investors. From stock and bond funds to global investing and index funds, Common Sense on Mutual Funds provides insight, illumination, and enlightenment.

For more than 30 years, Bogle has championed the rights of the fund shareholder, for he believes that investing is first and last about people's hopes and fears and individual goals. In Common Sense on Mutual Funds, he speaks eloquently about individual investors and how their interests are not being well-served: "The ills and injustices suffered by mutual fund investors are not so dissimilar to those our forebears suffered under English tyranny. . . . I have no quarrel with management companies focusing on profits. But the trade-off between the profits that accrue to fund shareholders and the profits that accrue to the fund management companies seems subject to no independent watchdog, despite the fact that it is the shareholders who actually own the mutual funds."

Organized as a series of essays on the investment issues of the day, this insider's view of the industry makes vital information on mutual funds accessible to experienced investors as well as those just beginning. A veritable treasure chest filled with insight and guidance from a true leader, Common Sense on Mutual Funds is an invaluable addition to every investor's library. Bogle's message, amid the cacophony of investment advice, is clear and simple: common sense will rule the day.

"About this title" may belong to another edition of this title.

Other Popular Editions of the Same Title

9780470138137: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition

Featured Edition

ISBN 10:  0470138130 ISBN 13:  9780470138137
Publisher: Wiley, 2009
Hardcover

Top Search Results from the AbeBooks Marketplace

1.

Bogle, John C.
Published by John C. Wiley & Sons
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Hardcover Quantity Available: 1
Seller:
Your Online Bookstore
(Houston, TX, U.S.A.)
Rating
[?]

Book Description John C. Wiley & Sons. Hardcover. Condition: New. 0471295434 Ships promptly from Texas. Seller Inventory # Z0471295434ZN

More information about this seller | Contact this seller

Buy New
US$ 8.86
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

2.

Bogle, John C.
Published by John C. Wiley & Sons
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Hardcover Quantity Available: 1
Seller:
Gonia Books
(Pleasant View, TN, U.S.A.)
Rating
[?]

Book Description John C. Wiley & Sons. Hardcover. Condition: New. 0471295434 Fast handling - Orders prepared for Shipping Next Business Day!. Seller Inventory # CM-HBM-12021C

More information about this seller | Contact this seller

Buy New
US$ 4.88
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

3.

Bogle, John C.
Published by John C. Wiley & Sons (1999)
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Hardcover Quantity Available: 1
Seller:
pickabook
(San francisco, CA, U.S.A.)
Rating
[?]

Book Description John C. Wiley & Sons, 1999. Hardcover. Condition: New. Seller Inventory # mon0000145750

More information about this seller | Contact this seller

Buy New
US$ 5.00
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

4.

John C. Bogle
Published by John C. Wiley & Sons (1999)
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Hardcover Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description John C. Wiley & Sons, 1999. Hardcover. Condition: New. Seller Inventory # DADAX0471295434

More information about this seller | Contact this seller

Buy New
US$ 12.40
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

5.

John C. Bogle
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Quantity Available: 1
Seller:
Sharehousegoods
(Milwaukee, WI, U.S.A.)
Rating
[?]

Book Description Condition: New. This is a brand new book! Fast Shipping - Safe and Secure Mailer - Our goal is to deliver a better item than what you are hoping for! If not we will make it right!. Seller Inventory # 1XGGTE000BIK_ns

More information about this seller | Contact this seller

Buy New
US$ 14.99
Convert currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, rates & speeds

6.

John C. Bogle
Published by John C. Wiley & Sons (1999)
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Hardcover Quantity Available: 1
Seller:
Irish Booksellers
(Portland, ME, U.S.A.)
Rating
[?]

Book Description John C. Wiley & Sons, 1999. Condition: New. book. Seller Inventory # M0471295434

More information about this seller | Contact this seller

Buy New
US$ 18.07
Convert currency

Add to Basket

Shipping: US$ 3.27
Within U.S.A.
Destination, rates & speeds

7.

John C. Bogle
Published by John C. Wiley & Sons (1999)
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Hardcover First Edition Quantity Available: 1
Seller:
LIBRERIA TRIBUNA
(MADRID, MADRI, Spain)
Rating
[?]

Book Description John C. Wiley & Sons, 1999. Encuadernación de tapa dura. Condition: Nuevo. Dust Jacket Condition: Nuevo. 1ª Edición. Seller Inventory # 000725

More information about this seller | Contact this seller

Buy New
US$ 18.61
Convert currency

Add to Basket

Shipping: US$ 16.42
From Spain to U.S.A.
Destination, rates & speeds

8.

Bogle, John C.
Published by John C. Wiley & Sons (1999)
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Hardcover Quantity Available: 2
Seller:
Murray Media
(NORTH MIAMI BEACH, FL, U.S.A.)
Rating
[?]

Book Description John C. Wiley & Sons, 1999. Hardcover. Condition: New. Never used!. Seller Inventory # P110471295434

More information about this seller | Contact this seller

Buy New
US$ 36.51
Convert currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, rates & speeds

9.

Bogle, John C.
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Quantity Available: 1
Seller:
SPHINX BOOKSTORE
(OTTAWA, ON, Canada)
Rating
[?]

Book Description Condition: New. NEW. Seller Inventory # XX 037

More information about this seller | Contact this seller

Buy New
US$ 32.79
Convert currency

Add to Basket

Shipping: US$ 16.00
From Canada to U.S.A.
Destination, rates & speeds

10.

Bogle, John C.
Published by John C. Wiley & Sons
ISBN 10: 0471295434 ISBN 13: 9780471295433
New Hardcover Quantity Available: 1
Seller:
Cloud 9 Books
(Wellington, FL, U.S.A.)
Rating
[?]

Book Description John C. Wiley & Sons. Hardcover. Condition: New. 0471295434 New Condition. Seller Inventory # NEW99.0246538

More information about this seller | Contact this seller

Buy New
US$ 69.99
Convert currency

Add to Basket

Shipping: US$ 4.99
Within U.S.A.
Destination, rates & speeds

There are more copies of this book

View all search results for this book