Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor | 
 enlarge | Author: John C. Bogle
Publisher: Wiley
Category: Book
List Price: $19.95
Buy Used: $2.98
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Rating:  70 reviews
Sales Rank: 50561
Media: Paperback
Pages: 496
Number Of Items: 1
Shipping Weight (lbs): 1.4
Dimensions (in): 8.9 x 5.9 x 0.6
ISBN: 0471392286
Dewey Decimal Number: 332.6327
EAN: 9780471392286
ASIN: 0471392286
Publication Date: October 19, 2000
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Condition: Used - Good
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Amazon.com 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
Product Description
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
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| Customer Reviews: Read 65 more reviews...
 Investments February 16, 2008
B. Teater (OKC, OK)
This book was a gift for the man interested in investments!
He loves it!
Read This! January 9, 2008
B. Shaler (Holland, MI USA)
You must read this book. And it's the only mutual fund investment book you need. I read it cover to cover in just a few days. Now I know exactly what to do with my 401k's, and my IRA's.
A "Must Have" on Mutual Funds October 16, 2007
Alan Haft (Southern California)
Investing in mutual funds? This book is the granddaddy of books that reveal everything you want and need to know about mutual fund investing. Bogle, the founder of Vanguard, delivers a knockout blockbuster here that you won't want to miss.
This book did it for me. October 4, 2007
Thomas W. Olson (Chicago)
Very detailed and informative book. I still read it from time to time to keep my investment perspective. It lead me to index investing a number of years ago, and I've never been sorry!
Excellent Complete Guide on Investments September 27, 2007
S. Andersen (Portland, Oregon)
This book reads like a college text (easier version from Bogle would be the little book of common sense investing) but it has all the information you will need to become a proficient investor of mutual funds. What impressed me the most was the use of data going back several hundred years for the case of asset allocation, the use of diversified equities, and cost containment.
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