Common Sense on Mutual Funds

Common Sense on Mutual Funds

Common Sense on Mutual Funds

Common Sense on Mutual Funds

Synopsis

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 straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio. Along the way, Bogle shows you how simplicity and common sense invariably trump costly complexity, and how a low cost, broadly diversified portfolio is virtually assured of outperforming the vast majority of Wall Street professionals over the long-term.

  • Written by respected mutual fund industry legend John C. Bogle
  • Discusses the timeless fundamentals of investing that apply in any type of market
  • Reflects on the structural and regulatory changes in the mutual fund industry
  • Other titles by Bogle: The Little Book of Common Sense Investing and Enough.

Securing your financial future has never seemed more difficult, but you'll be a better investor for having read the Second Edition of Common Sense on Mutual Funds.

Excerpt

What a difference a decade can make! And in the first decade of the third millennium—the decade that followed the 1999 publication of the original edition of Common Sense on Mutual Funds—the difference was extraordinary. During the two preceding decades, the U.S. stock market had experienced the highest returns—averaging 17 percent per year—in its two-century history. During the past decade, with major bear markets in 2000–2002 and 2007–2009, stock returns turned negative on balance—minus 1.5 percent per year, one of the two lowest returns recorded for any decade during that two-century span.

Similarly, our economy moved from an era of prosperity that was long and strong to a new era of unknown length, beginning with the sharp recession of 2008–2009—now seemingly coming to a close—followed by a sober recovery in which the “new normal” of real (inflation-adjusted) economic growth will likely look more like 2 percent per year than the “old normal” of 3 percent that characterized our economy over the preceding century.

Those are just a few examples of how our world has changed. Globalization is now taken for granted. War—indeed, wars—have followed peace. Political change has been rife, as Democratic leadership has superseded Republican leadership in our federal government. Borrowing has soared to unprecedented and . . .

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