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Common Sense on Mutual Funds: New Imperatives for the Intelligent InvestorJohn C. Bogle
Rating: 4.5/5 Stars Rank: 4285 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--This text refers to the Hardcover edition. About the AuthorJOHN 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. EditorialsSample 3 of 15Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor John C. Bogle
Customer ReviewsSample 3 of 28Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor John C. Bogle
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