John C. Bogle's The Little Book of Index Investing is a power-packed explanation of why outperforming the market is an investor illusion. Instead, the founder of The Vanguard Group—the man who's been called "the conscience of the investment industry"*—recommends a simple, time-tested investment strategy that can deliver the greatest return to the greatest number of investors: indexing. Why? Investing is a zero-sum game where transaction costs, taxes, poor investment diversification, and poor market-timing (an affliction for most investors) hurts your portfolio more than it helps. Indexing eliminates that hurt. Bottom-line, if you can't be an index, why not invest in one? And you'll be all the happier and richer for it.
*Time Magazine
John C. Bogle's The Little Book of Index Investing is a power-packed explanation of why outperforming the market is an investor illusion. Instead, the founder of The Vanguard Group—the man who's been called "the conscience of the investment industry"*—recommends a simple, time-tested investment strategy that can deliver the greatest return to the greatest number of investors: indexing. Why? Investing is a zero-sum game where transaction costs, taxes, poor investment diversification, and poor market-timing (an affliction for most investors) hurts your portfolio more than it helps. Indexing eliminates that hurt. Bottom-line, if you can't be an index, why not invest in one? And you'll be all the happier and richer for it.
*Time Magazine
| ISBN-13: | 9781427201454 |
|---|---|
| Publisher: | Macmillan Audio |
| Publication date: | 03/09/2007 |
| Edition description: | Unabridged |
| Product dimensions: | 5.16(w) x 5.92(h) x 0.49(d) |
All it takes to become a modern-day polymath is a bit of light reading—or, a lot of heavy reading. If you read the books on this list and pay attention, you’ll walk away able to discuss just about anything with the confidence of an expert. We’re not saying these books represent the sum total of […]
