“New ideas that fly in the face of the conventional wisdom of the day are always greeted with doubt and scorn. The great investors did this in some form or fashion, and Bogle is no exception. He is a hero to them and to me.” -Warren BuffettĪ theme that is emerging from my reading is the importance of challenging the conventional wisdom. 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. The Bogleheads Guide to Investing is a wonderful, witty, and wise book. “In his early years, Jack was frequently mocked by the investment-management industry. mentor, John Bogle, who advocates investing in low cost, tax efficient. Ridiculed as "un-American" and "a sure path to mediocrity," the fund collected a mere $11 million during its initial underwriting. Bogle brought index investing to the individual investor in 1976 when Vanguard introduced the First Index Investment Trust. Like many innovators before him, Bogle had to go against-the-grain to make his mark. The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns. ‘The Only Investment Guide You’ll Ever Need: Revised Edition’ Written by: Andrew Tobias Best investing book for: building your entire financial foundation Price: 16. Given the current popularity of indexing, I found it interesting to learn about how the idea was met with disdain from the investing community.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
May 2023
Categories |