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

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John Wiley & Sons, Oct 19, 2000 - Business & Economics - 468 pages
2 Reviews
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
 

What people are saying - Write a review

A Lengthy Read, But Worth It in the End

User Review  - Kirk A. Greenwood - Borders

Jack Bogle has produced a real monster of a resource this time! This greatly expanded volume (some 650 pages in all!) has all the verve and audacity of a work you’d expect from industry rogue, Bogle ... Read full review

COMMON SENSE ON MUTUAL FUND 3D

User Review  - Not Available - Book Verdict

Vanguard Group founder and chair Bogle (Bogle on Mutual Funds) shares his classic ideas on how best to maximize investments in mutual funds, showing investors how to embrace simplicity and ... Read full review

Contents

ON LONGTERM INVESTING CHANCE AND THE GARDEN
3
ON THE NATURE OF RETURNS OCCAMS RAZOR
33
ON ASSET ALLOCATION THE RIDDLE OF PERFORMANCE ATTRIBUTION
57
ON SIMPLICITY HOW TO COME DOWN TO WHERE YOU OUGHT TO BE
83
INVESTMENT CHOICES
107
ON INDEXING THE TRIUMPH OF EXPERIENCE OVER HOPE
109
ON EQUITY STYLES TICKTACK TOE
143
ON BONDS TREADMILL TO OBLIVION
161
ON FUND MANAGEMENT
315
ON PRINCIPLES IMPORTANT PRINCIPLES MUST BE INFLEXIBLE
317
ON MARKETING THE MESSAGE IS THE MEDIUM
333
ON TECHNOLOGY TO WHAT AVAIL?
349
ON DIRECTORS SERVING TWO MASTERS
361
ON STRUCTURE THE STRATEGIC IMPERATIVE
375
ON SPIRIT
397
ON ENTREPRENEURSHIP THE JOY OF CREATING
399

ON GLOBAL INVESTING ACRES OF DIAMONDS
185
ON SELECTING SUPERIOR FUNDS THE SEARCH FOR THE HOLY GRAIL
205
ON INVESTMENT PERFORMANCE
223
ON REVERSION TO THE MEAN SIR ISAAC NEWTONS REVENGE ON WALL STREET
225
ON INVESTMENT RELATIVISM HAPPINESS OR MISERY?
245
ON ASSET SIZE NOTHING FAILS LIKE SUCCESS
257
ON TAXES THE MESSAGE OF THE PARALLAX
277
ON TIME THE FOURTH DIMENSIONMAGIC OR TYRANNY
299
ON LEADERSHIP A SENSE OF PURPOSE
409
ON HUMAN BEINGS CLIENTS AND CREW
423
Afterword
435
Some Thoughts about the Current Stock Market as 1999 Begins
439
Supplemental Data
447
Notes
449
Index
455
Copyright

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About the author (2000)

JOHN C. BOGLE is the founder and former Chief Executive of The Vanguard Group, Inc., the world's largest no-load mutual fund group, with more than 12 million shareholders and $500 billion in assets. He has studied mutual funds in depth since 1949, when he began the research for his senior thesis at Princeton University before joining the industry in 1951. In 1998, he received the Distinguished Service Award of the Association for Investment Management and Research. Early in 1999, his alma mater, Princeton University, presented him with its coveted Woodrow Wilson Award, exemplifying "Princeton in the Nation's Service." Later in 1999, he was identified as one of America's four financial "giants of the twentieth century" by Fortune magazine. Bogle is the author of the bestselling book, Bogle on Mutual Funds: New Perspectives for the Intelligent Investor, as well as numerous articles on investing.

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