The Little Book of Common Sense Investing
Ratings48
Average rating4
2.5 stars
too technical and US-centric for me in certain parts but glad to have picked up a jack bogle read!
١٠/١٠. كتاب رائع جدا. أعشق الكتب اللتي تتحدث عن الأساسيات وتستخدم المنطق والعقل لتصل إلى رسالتها. ثاني أروع كتاب قرأته عن الاستثمار.
الاول كتاب السميط
Main message of the book: Buy and hold a low-cost index fund and don't mess around picking stocks - buy the haystack.
While the book by the late John Bogle is overly verbose and uses your typical fuzzy financial lingo, it really imprinted upon me how important the compounding effect is of not just your investments' returns, but especially the costs. Low-cost index funds (whether mutual funds or ETFs) bought and kept for long time horizons outcompete >90% of all actively managed funds.
Information value: 7.5 / 10
Prose: 8.5
Content density: 8.5
My first investing book. Highly recommended, though the main premise of investing in low-cost index funds can be a bit repetitive at the beginning. Don't worry, it gets better.
Convinces you through logic and sheer repetition of some facts that indexing is the best long term investment plan there is.
Quick and solid read. A lot of these ideas weren't new to me, but I did take a lot of notes throughout. It's clear that Bogle is heavily in favor of index fund investing. I thought A Random Walk Down Wall Street laid out a more evidence-based case for this, but for a quick common-sense read this is a good one. Bogle's discussion of the impact of speculation on the market was very interesting. As a younger investor I see a clear trend towards growth stocks instead of value (dividend-paying) stocks and I think it's yet to be seen whether this will stick around in my lifetime. This discussion made me consider reversion to the mean and whether I should add more dividends to my portfolio.