Don't Count on It!: Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes
| Author | : | |
| Rating | : | 4.32 (634 Votes) |
| Asin | : | 047064396X |
| Format Type | : | paperback |
| Number of Pages | : | 603 Pages |
| Publish Date | : | 2017-02-10 |
| Language | : | English |
DESCRIPTION:
AdamSmythe said A Passionate Advocate for Investors. This book covers a lot of ground, with A Passionate Advocate for Investors This book covers a lot of ground, with 35 chapters addressing seven main themes over a total of 586 pages. If you are already very familiar with John Bogle (who has written many books and delivered countless speeches addressing investment topics over a very long career in investments), then there is precious little in this book that you don't already know. However, if you are an investor who isn't quite that familiar with Bogle, then you may find this anthology of his major essays and speec. 5 chapters addressing seven main themes over a total of 586 pages. If you are already very familiar with John Bogle (who has written many books and delivered countless speeches addressing investment topics over a very long career in investments), then there is precious little in this book that you don't already know. However, if you are an investor who isn't quite that familiar with Bogle, then you may find this anthology of his major essays and speec. "Don't Count On It!" according to Denise Fitzsimmons. Reading the works of John Bogle has changed my life. After spending a lifetime investing with various companies and working with at least three different financial advisors with only marginal success, I finally encountered my first Bogle book some dozen years ago. I began reading Bogle then and have continued through these past dozen years continuing with his latest title Don't Count On It. In each of his works he speaks to the layman in a clear, well documented style with occasional refere. Repetitive The author makes a very compelling argument for a potential investor to seek out mutual funds with the lowest possible cost. He also defends his position with backdated data. He demonstrates that the mutual fund with he started, Vanguard, has been a superior performer and a low cost leader in the industry for the past several years. But after reading half of his book I found that he simply repeated his arguments over and over again. It was almost as if he was saying to his historical detrac
So, this sound rebel turns out to be right most of the time. This compendium of his best writings, particularly his post-crisis guidance, is absolutely essential reading for investors and those who care about the future of our society." —ARTHUR LEVITT, former Chairman, U.S. The turnover rates are enormous, holding periods are measured in mere days, and costs are far higher than those levied by broad market ETFs. Read, learn, and support Jack's mission to reform the industry that has been his life's work." —PAUL VOLCKER, Chairman of the President's Economic Recovery Advisory Board and former Chairman of the Federal Reserve (1979–1987) "Jack Bogle has given investors throughout the world more wisdom and plain financial 'horse sense' than any person in the history of markets. A collection of essays based on speeches delivered to professional groups and college students in recent years, in Don't Count on It is organized around eight themes Illusion versus reality in investing Indexing to market returns Failures of capitalism The flawed structure of the mutual fund industry The spirit of entrepreneurship What is enough in business, and in life Advice to America's future leaders The unforgettable characters who have shaped his career
But without such changes, investors and society will continue to be short-changed as the financial community carries on regardless.” (Financial Times)“In Don’t Count on It!Reflections on Investment Illusions, Capitalism, “Mutual” Funds, Indexing, Entrepreneurship, Idealism, and Heroes, Bogle hammers at what he labels the cost matters hypothesis: Whether markets are efficient or inefficient, investors as a group must fall short of the market return by precisely the amount of the aggregate costs they incur. As most traders and investors remain convinced that they can beat the market, it’s always sobering to hear a compelling voice from the other side.” (Seeking Alph