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Daniel Konstantinov
Daniel Konstantinov

The Little Book Of Common Sense Investing: The ...

So while Bogle cited Graham as a proponent of index investing for the vast majority of investors, Graham is actually considered the father of a common-sense investment philosophy that consists of using Mr. Market's manic-depressive tendencies to take advantage of overt fear in the stock market. For further reading on this subject, check out Graham's book The Intelligent Investor, an investment text we here at The Motley Fool consider one of the top investing books of all time.

The Little Book of Common Sense Investing: The ...

The Bogleheads' Guide to Investing is a DIY handbook that espouses the sage investment wisdom of John C. Bogle. This witty and wonderful book offers contrarian advice that provides the first step on the road to investment success, illustrating how relying on typical "common sense" promoted by Wall Street is destined to leave you poorer. This updated edition includes new information on backdoor Roth IRAs and ETFs as mainstream buy-and-hold investments, estate taxes and gifting, plus changes to the laws regarding Traditional and Roth IRAs, and 401k and 403b retirement plans.

William Bernstein's commonsense approach to portfolio construction has served investors well during the past turbulent decade - and it's what made The Four Pillars of Investing an instant classic when it was first published nearly a decade ago. This down-to-earth book lays out in easy-to-understand prose the four essential topics that every investor must master: the relationship of risk and reward, the history of the market, the psychology of the investor and the market, and the folly of taking financial advice from investment salespeople.

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 your fair share of stock market returns.

Author John C. Bogle is the former chairman and CEO of The Vanguard Mutual Fund Group, the world's largest pure no-load mutual fund company. In 1976, he conceptualized, developed and introduced the world's first index fund for the individual investor. This brand new investment product revolutionized the financial marketplace. In the words of Dr. Paul Samuelson of M.I.T., "The creation of the first index fund by John Bogle was the equivalent of the invention of the wheel and the alphabet." Today, index funds account for $1 trillion in invested funds. Everyone from investment genius Warren Buffett to Nobel Laureates Samuelson, William Sharpe and Daniel Kahneman recommend index funds for the typical investor. Bogle explains what index funds do and why they are reliable investments in this exhaustively researched, carefully reasoned, highly accessible, common sense book. If you are an investor, getAbstract believes you should take Bogle seriously; after all, he invented this alternative.

But while past performance tells us what happened, it cannot tell us what will happen. Indeed, as you will later learn, emphasis on fund performance is not only not productive; it is counterproductive. Our own common sense, deep down, tells us: Performance comes and goes.

With such terrible odds for professional investors, what are the chances for us, common investors? With traditional index funds, investors can expect returns that match the markets while incurring as little costs as possible.

Over the long-run, I am convinced that low-cost passive index funds assure returns that can be superior to that from actively-managed index funds. As the title of the book suggests, it is only common sense!

Bogle believes common sense investing, via The Index Revolution as he calls it, will help investors collectively build a new and more efficient investment system, one that serves investors at its highest priority. 041b061a72


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