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The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)

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One perplexing part that I'm still yet to understand is the fact that Bogle considers ETFs an abomination. Over the course of his long career, Bogle—founder of the Vanguard Group and creator of the world’s first index mutual fund—has relied primarily on index investing to help Vanguard’s clients build substantial wealth.

As the founder of the highly regarded Vanguard Group, he is revered for the company′s commitment to providing value to its clients as well as profits to its investors. Os livros de finanças e investimentos escritos por estrangeiros tendem a serem de duas naturezas: Elencam comportamentos que podemos aplicar ao nosso cotidiano e/ou falam sobre investimentos mas que devido a diferença de país precisamos traduzi-los pro nosso mercado. Bogle shows you how to make index investing work for you and help you achieve your financial goals and finds support from some of the world's best financial minds: not only Warren Buffett but Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale's David Swensen, Cliff Asness of AQR, and many others. The information in the book is useful, but it seriously could've been written in ten pages, with an optional additional 20 chapters of, "Here are the numbers if you want proof. He keeps repeating phrases such as the "relentless rules of humble arithmetic" as many as what feels like a million times (there is even a chapter with that name).Really it just seems to refer to rich and upper middle class white people who can afford to invest money in the first place. Definitely a re-read because it's hard to listen as an audiobook, I'd rather read about ROI %'s than hear them.

It contains just the right amount of empirical evidence in the form of statistics, graphs, and charts to be convincing, but not eye-glazingly boring. After creating Vanguard in 1974, he served as chairman and chief executive officer until 1996 and senior chairman until 2000. you learn everything you need to know in the first two chapters everything else is a colossal waste of time.note I have no prior belief whether index funds are better or not, I simply struggle with such fanatical bias). He convinces the reader beyond doubt that actively managed funds and attempts to make an earning by timing the market always lose out on the long run.

Plus, you’d have to wait about 25 years to know who that is, by which time you’ve already missed out!Instead, if we choose to own the entire market by collectively investing in all the listed companies, we would be able to make a similar profit in line with the upward movement of the chosen Index. I wish the book was a little longer, with some discussion of the disadvantages of these index funds and a clearer display of how level-headedness and the Dunning–Kruger effect contribute to people being so determined that they can beat the market. While the idea doesn't exactly feature all throughout this piece of good advice, it does underscore the obvious idiocies and point to a classy, simple solution.

It′s an easy read that will, I suspect, quickly join Burton Malkiel′s A Random Walk Down Wall Streetand Charles Ellis′s Winning the Loser′s Gameas one of the indexing crowd′s favorite books. Dec 2017 I had meeting with my investment advisor, my wife and I left the meeting and we both conferred (on the car ride home) that he seemed not his usual confident self. the Author only teaches one lesson in the entire book and spends the rest of it explaining why he is correct. However I found the author’s line of reasoning inconsistent - in some cases drawing from statistics and historical outcomes, in some just saying “I doubt it would work” without doing much analysis (e.there are many approaches to financial success however the author leaves no room for doubt, and does not consider any other method to be valuable in any circumstance.

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