Common sense on mutual funds
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 investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term. Written by respected mutual fund industry legend John C. Bogle Discusses the timeless fundamentals of investing that apply in any type of market Reflects on the structural and regulatory changes in the mutual fund industry Other titles by Bogle: The Little Book of Common Sense Investing and Enough.
Stats for nerds
5recommend
9mentions
9people
2012–2024years
56% recommend44% neutral
Mentions per year
What Hacker News says
- For learning I strongly recommend against almost all books mentioned in this thread. They don't really teach how financial systems work in the society or the underlying principles. They give you just a viewpoint. Some of them are good read after you know the basics.
You need to pick up real college textbook (or online course) and read the parts that interest you and skim other parts. Example: Introduction to Finance: Markets, Investments, and Financial Management by Melicher and Norton
You can also pick up introductory undergraduate college textbook in economics and read the parts that interest you. Greg Mankiw's books are good but the price is off the charts, so maybe don't buy them. (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)
- Sorry should have made it clear was referring to index in the article S&P 500. And no, most hedge funds can’t even match it. Once you figure in the fees they actually make less money for their clients. It’s known facts, look at historical returns. Sure, there are some that do much better for 15 years 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.
- Not new books, just something I'm currently reading.
- Feeling Good: The New Mood Therapy
This book teach you about 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 short book I'm reading called "If You Can" [2], which recommended by Bogleheads.
[1] http://ramiro.org/vis/hn-most-linked-books/ [2] https://www.etf.com/docs/IfYouCan.pdf
- 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 and tired of slick salesmen masquerading as financial advisors.
- 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.
- Befitting this thread’s language, even, Vanguard’s Bogle published Common Sense on Mutual Funds in ‘99.
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