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The best-selling investment manual, The Little Book of Common Sense Investing, now comes with updated data, fresh insights, and innovative perspectives. This timeless guide to market intelligence is penned by the legendary mutual fund pioneer, John C. Bogle. He unveils his secret to maximizing investment returns: low-cost index funds. Bogle simplifies the most effective long-term wealth-building strategy: purchasing and holding a low-cost mutual fund that mirrors a wide-ranging stock market index like the S&P 500.
Despite the rollercoaster ride of the stock market since the first edition of The Little Book of Common Sense was released in April 2007, Bogle’s investment principles have proven resilient and beneficial for investors. This tenth-anniversary edition not only embraces the same long-term vision as its predecessor but also introduces two new chapters to guide investors on asset allocation and retirement investing.
Bogle advocates for a portfolio centered on index funds, which ensures investors receive their fair share of stock market returns. This tactic is also endorsed by Warren Buffett, who lauded Bogle as a champion for American investors. Bogle’s approach empowers you to leverage index investing to achieve your financial objectives. It also gains support from an array of globally renowned financial experts, including Benjamin Graham, Paul Samuelson, Burton Malkiel, Yale’s David Swensen, and Cliff Asness of AQR, among others.
The latest edition of The Little Book of Common Sense Investing equips you with a robust strategy for securing your financial future. Establish a widely diversified, low-cost portfolio devoid of individual stock risks, manager selection concerns, or sector rotation pitfalls. Sidestep fleeting trends and marketing hype, focusing instead on effective, real-world strategies. Recognize that stock returns are influenced by three factors: dividend yield, earnings growth, and changes in market valuation. This knowledge will enable you to set rational expectations for stock returns over the next decade. Understand that business reality will always outperform market expectations in the long run.