John Bogle on Investing

506 pages, 2015

John C. Bogle

business & management

1082 books

economics & politics

987 books

money & investing

165 books

Takeaways

Description

John Bogle on Investing is a compilation of the best speeches ever delivered by one of the 20th century's towering financial giants. Individually, each of these speeches delivers a powerful lesson in investing; taken together, Bogle's lifelong themes ring loud and clear.

His investing philosophy has remained more or less constant throughout his illustrious career, and this book lays it out so you can learn from the very best. You'll learn what makes a successful investment strategy, consider the productive economics of long-term investing, and how emotional investment in financial markets is often counterproductive enough to forfeit success.

Bogle discusses the "fiscal drag" of investing and shows you how to cut down on sales charges, management fees, turnover costs, and opportunity costs as he unravels a lifetime's worth of expertise to give you deep insight into the mind of a master at work.

John C. Bogle founded Vanguard in 1974. Then, in a few years, they introduced the index mutual fund, pioneered the no-load mutual fund, and redefined bond fund management. This book wraps up the essence of his half-century of knowledge to deepen your understanding and enhance your investment success.

The Importance of Low-Cost Index Funds

John C. Bogle emphasizes the importance of investing in low-cost index funds. He explains that these funds often outperform more expensive, actively managed funds. So, if you're looking to invest, you might want to check out these types of funds.

The Power of Long-Term Investing

Bogle encourages readers to take a long-term approach to investing. He argues that trying to time the market or chase short-term gains often leads to poor results. Instead, he suggests investing consistently over time, which can lead to significant growth.

The Role of Simplicity in Investing

In 'John Bogle on Investing', the author stresses the value of simplicity in investment strategies. He believes that complex strategies often lead to confusion and poor decisions. So, if you're new to investing, you might want to start with a simple, straightforward approach.

The Dangers of Emotional Investing

Bogle warns against letting emotions guide your investment decisions. He explains that fear and greed can lead to poor choices and financial loss. Instead, he advises making decisions based on research and rational thinking.

The Significance of Investor Education

John C. Bogle believes that investor education is crucial for success. He encourages readers to learn as much as they can about investing before they start. This way, they'll be better equipped to make informed decisions and avoid common pitfalls.

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Quotes 5

John Bogle has done more for American investors than any individual I've ever met. His wisdom is an invaluable resource.

Warren Buffett - Investment Guru

Bogle's reasoned precepts can enable a few million of us savers to become in twenty years the envy of our suburban neighbors-while at the same time we have slept well in these eventful times.