Common sense on mutual funds
New Imperatives for the Intelligent Investor
by John C. Bogle · first published 1999
56% recommend44% neutral
Why HN recommends it
Argues for low-cost index investing and shows how fees and market timing erode returns. It makes a clear, evidence-based case for the long-term, buy-and-hold approach.
Summarised by Claude from recommending comments
John C. Bogle shares his extensive insights on investing in mutual funds Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them. . Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund
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…(Macroeconomics & Financial Systems could be cheap if bought used) After that some light reading for general audience with interesting viewpoints and lessons: - A Random Walk Down Wall Street by Malkiel - Common Sense on Mutual Funds by John Bogle - The Alchemy of Finance by George Soros (Sorosls theory of reflexivity in finance, nontechnical take on nonlinear dynamics in the markets)
on “Ask HN: Book recommendations for understanding financial systems?” ↗…depression and how you can apply cognitive therapy techniques to help you. I'm in the second part of the book and already learn some valuable information. It seems like HN recommend this book as well [1]. - Common Sense on Mutual Funds One of the classic investment books from John C. Bogle. In this book he talks about what he think is the better way to invest in mutual funds and why. This is one of the reading assignment form another…
on “Ask HN: 2018 Summer Reading List?” ↗…and then lose most of the extra wins in one year, still figure in the fees for investor and it’s never worth it. You have better odds at the roulette table just doing your own gambling. I recommend “Common Sense on Mutual Funds” by John C. Bogle on this topic.
on “Who to Sue When a Robot Loses Your Fortune” ↗Totally unlike the books you named, but the best "intelligent investment" advice is probably in Bogle's "Common Sense on Mutual Funds" and similar books.
on “What are some modern day intelligent investor books?” ↗This should be at the very top. Jack Bogle also has great books (including audiobooks) to learn from, albeit dense. `Common Sense on Mutual Funds` is an excellent treatise to the mantra of `time in the market is always superior to timing the market.` Vanguard continues to rocket to the top in every fund market it enters because people are sick…
on “Ask HN: What are some good resources to learn how to invest and build wealth?” ↗A reference (that lays out the statistical arguments) is "Common Sense on Mutual Funds" by John Bogle.
on ““Buy and Hold” No More: The Resurgence of Active Trading” ↗> bogleheads.org WP: > John Clifton "Jack" Bogle (born May 8, 1929) is the founder and retired CEO of The Vanguard Group. He is known for his 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor, which became a bestseller and is considered a classic.
on “How do you live your life?” ↗IIRC the book ‘Common Sense on Mutual Funds’ has data going that far back with charts. I believe the period from the start of the 20th century until the 70s had similar inflation adjusted returns. However, for the early data I think it was really…
on “Show HN: Inflation-adjusted stock charts – Total Real Returns” ↗Befitting this thread’s language, even, Vanguard’s Bogle published Common Sense on Mutual Funds in ‘99.
on “Buffett once bet $1M that he could beat a group of hedge funds over 10 years” ↗