[John Wiley & Sons Inc]
Kategoria: Książki / Literatura obcojęzyczna
The best-selling investing "bible" offers new information, new
insights, and new perspectives The Little Book of Common
Sense Investing is the classic guide to getting smart
about the...
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The best-selling investing "bible" offers new information, new
insights, and new perspectives The Little Book of Common Sense
Investing is the classic guide to getting smart about the market.
Legendary mutual fund pioneer John C. Bogle reveals his key to
getting more out of investing: low-cost index funds. Bogle
describes the simplest and most effective investment strategy for
building wealth over the long term: buy and hold, at very low cost,
a mutual fund that tracks a broad stock market Index such as the
S&P 500. While the stock market has tumbled and then soared
since the first edition of Little Book of Common Sense was
published in April 2007, Bogle's investment principles have endured
and served investors well. This tenth anniversary edition includes
updated data and new information but maintains the same long-term
perspective as in its predecessor. Bogle has also added two new
chapters designed to provide further guidance to investors: one on
asset allocation, the other on retirement investing. A portfolio
focused on index funds is the only investment that effectively
guarantees your fair share of stock market returns.This strategy is
favored by Warren Buffett, who said this about Bogle: "If a statue
is ever erected to honor the person who has done the most for
American investors, the hands-down choice should be Jack Bogle. For
decades, Jack has urged investors to invest in ultra-low-cost index
funds. . . . Today, however, he has the satisfaction of knowing
that he helped millions of investors realize far better returns on
their savings than they otherwise would have earned. He is a hero
to them and to me."Bogle shows you how to make index investing work
for you and help you achieve your financial goals, and finds
support from some of the world's best financial minds: not only
Warren Buffett, but Benjamin Graham, Paul Samuelson, Burton
Malkiel, Yale's David Swensen, Cliff Asness of AQR, and many
others. This new edition of The Little Book of Common Sense
Investing offers you the same solid strategy as its predecessor for
building your financial future. Build a broadly diversified,
low-cost portfolio without the risks of individual stocks, manager
selection, or sector rotation.Forget the fads and marketing hype,
and focus on what works in the real world. Understand that stock
returns are generated by three sources (dividend yield, earnings
growth, and change in market valuation) in order to establish
rational expectations for stock returns over the coming decade.
Recognize that in the long run, business reality trumps market
expectations. Learn how to harness the magic of compounding returns
while avoiding the tyranny of compounding costs. While index
investing allows you to sit back and let the market do the work for
you, too many investors trade frantically, turning a winner's game
into a loser's game.The Little Book of Common Sense Investing is a
solid guidebook to your financial future.