Home » How to Invest » How to Invest in Mutual Funds » Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition

Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition

 

Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition

  • John Wiley Sons
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 strai

List Price: $ 34.95 Price: $ 11.09

, , , , , , , ,

Comments

  1. Taylor Larimore says:
    85 of 88 people found the following review helpful
    5.0 out of 5 stars
    Jack Bogle continues to give ordinary investors “a fair shake.”, December 5, 2009
    By 
    Taylor Larimore (Miami, Florida) –

    This review is from: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition (Hardcover)
    I read Jack Bogle’s first book, “Bogle on Mutual Funds” in 1994. It changed my investing life forever–and for the better. We often say: “We live in the house that Jack Built.”

    I have read all of Mr. Bogle’s books and learned from every one. He is a gifted writer with an unequaled background in investing. Fortune magazine designated him as one of the investment industry’s four “Giants of the 20th Century.” He instituted the first index mutual fund which became the largest mutual fund in the world, and he also founded the only mutual fund owned by its shareholders (Vanguard).

    “Common Sense on Mutual Funds (updated) is actually, two books in one. It is his first edition written 10-years ago with charts and data completely updated. In addition, throughout the book, is Jack’s commentary on the many changes that have taken place during the past 10 years and how it relates to what he wrote in the original edition. I found it notable that the common sense advice Mr. Bogle dispensed in the first book has stood the test of time remarkably well.

    “Common Sense on Mutual Funds–Fully Updated” deserves a place on the bookshelf of every serious investor.

    0

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

  2. Paul Suni says:
    74 of 78 people found the following review helpful
    3.0 out of 5 stars
    Sometimes less is more, August 11, 2010
    By 
    Paul Suni (Colorado, USA) –
    (REAL NAME)
      

    This review is from: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition (Hardcover)
    Some people are larger than life in their fields and everyone would likely agree that Jack Bogle is such a figure in the mutual funds area. Bogle founded Vanguard in the 70’s and has since helped ordinary people make more money than perhaps anyone else living or dead. At least he helped those who had the intelligence to listen to his advice. Which is pretty much to invest in really boring index funds for your entire life and then come back decades later and be astonished at how wealthy you are.

    This book was originally written in 1999 right before the telecom/internet stock mania finally took its well-deserved step off the cliff. This edition supplements the original book with updated charts and commentary on what the last decade of volatility has wrought. Bogle’s view, backed up by data, is that even the past 10 years hasn’t altered his view of the correct strategy – if anything it has been strengthened. If you are not greedy and stick with boring stuff then you don’t really have too much to worry about over the long haul.

    Given Bogle’s message of simplicity I am confused about a book that requires a whopping 600 pages to make the point. Much of what he says gets repeated over and over and over again, to the point where it leaves a far less crisp message than intended. If you are not convinced by page 50 or so that index funds are the way to go, the remaining 550 pages will probably not be all that much more persuasive. In the process he is also less than clear about Vanguard. Perhaps it is just a polite or “objective” writing style, but repeatedly saying things like “all mutual funds companies, with one exception…”, when he really means Vanguard, makes little sense to me. Given his continuing involvement with Vanguard it would remove any hint of conflict if he just made things even clearer. Of course, if such a statement really references a company other than Vanguard it would be even more interesting to know that.

    The book really is good and comprehensive but also made me wonder for whom it is written. The people who most need his advice are young, since they by definition have the longest investment horizon. But, somehow I doubt that a lot of 20-year olds will be using this tome to address issues in their lives that are 40 years in the future. It is really too bad because I believe the message needs to get out there. I wish that I had known of Bogle when I was 20 and had had the guts to stay with it through thick and thin.

    Everyone should read some Bogle but some of his shorter books may be a better start.

    0

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

  3. Kirk A. Greenwood says:
    26 of 27 people found the following review helpful
    4.0 out of 5 stars
    A Lengthy Read, But Worth It in the End; Comprehensive, December 9, 2009
    By 
    Kirk A. Greenwood (Hanover, NH) –
    (REAL NAME)
      

    This review is from: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition (Hardcover)
    Jack Bogle has produced a real monster of a resource this time! This greatly expanded volume (some 650 pages in all!) has all the verve and audacity of a work you’d expect from industry rogue, Bogle, and is jampacked with new information and updated statistics that help to make his message seem more relevant now than ever before. In the Preface to the 10th Anniversary Edition, Bogle addresses the recent upheaval in the markets in the context of his time-tested formula for ensuring the integral, health of investors’ portfolios and posting consistent gains over the long haul. Bogle’s investment philosophy emphasizes the importance of maintaining a streamlined portfolio that relies on stock indexing and conservative, long-range predictions regarding growth.

    Avoiding the kind of I-told-you-so rhetoric that many readers may find off-putting in these difficult times, Bogle diplomatically explains how recent trends in the markets confirm the advantages of owning a highly diversified portfolio managed according to certain intelligent investment principles, which he has termed the 12 Pillars of Wisdom. He gives hope to investors who may have made some wrong turns or were misled during the housing boom by offering them a practical plan for how to get their investments back on the right track.

    Bogle’s game has always been mutual funds–he’s one of the originators and foremost experts in America on this unique investment type. In the ten years since the original publication of Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor and the 35 years since he founded the Vanguard Group, John C. Bogle has remained the one constant an industry where fortunes and reputations are made and lost practically overnight. This 10th Anniversary Edition explains why mutual funds continue to be effective financial instruments that work by leveraging the combined buying power of a large pool of investors and equitably distributing gains and losses among the ownership pool. Bolge points out which types of mutual funds to add to your portfolio and which to stay away from based on their proven track records of long-range durability. In an insightful final section titled “On Spirit,” Bogle offers actionable solutions for dealing with a market that operates according to principles of instability that mirror those of human psychology. Bogle’s investment philosophy is perfect for the risk-averse investor, which, let’s face it, is pretty much everyone these days.

    Another pertinent investment strategy book published this year, which captures the DIY spirit of the John C. Bogle’s “Common Sense on Mutual Funds” is Thomas C. Scott’s Fasten Your Financial Seatbelt: What A Fatal Plane Crash Taught Me About Retirement Planning. This guide articulates an investment game plan similar to Bogle’s. It has the added advantage of being is a quick and easy read, especially when compared with Bogle’s more ponderous tome.

    0

    Help other customers find the most helpful reviews 

    Was this review helpful to you? Yes
    No

Leave a Reply

Your email address will not be published. Required fields are marked *

*
*