Common Sense on Mutual Funds

  • by John C Bogle
  • Narrated by Scott Peterson
  • 20 hrs and 53 mins
  • Unabridged Audiobook

Publisher's Summary

John Bogle - founder of the Vanguard Mutual Fund Group and creator of the first index mutual fund - is an industry pioneer. Over the years, he has single-handedly transformed the mutual fund business, and today, his vision continues to inspire investors .It has been over a decade since the original edition of Common Sense on Mutual Funds was first published. While much has changed during this time, the importance of investing and the issues addressed in the original edition of this book have not. Now, in the Fully Updated 10th Anniversary Edition of Common Sense on Mutual Funds, Bogle returns to update his in-depth look at mutual funds and the business of investing - helping you navigate through the staggering array of investment options found in today's evolving investment landscape.
Timely and timeless, this important audiobook examines the fundamentals of mutual fund investing in turbulent market environments and offers valuable guidance for building an investment portfolio. Along the way, Bogle shows you that simplicity and common sense still trump costly complexity, and that a low cost, broadly diversified portfolio continues to be the best way to build wealth at the lowest cost and risk - and will almost always outperform more expensive, actively managed mutual funds.Throughout, Bogle skillfully presents a platform for intelligent investing as he analyzes costs, exposes tax inefficiencies, and warns of the mutual fund industry's conflicting interests.
Emphasizing long-term investing and asset allocation, Bogle offers sensible solutions to the fund selection process and reveals what it will take to make it in today's chaotic market. Securing your financial future has never seemed more difficult, but after listening to this revised and updated edition of Common Sense on Mutual Funds, you will become a better investor. From stock and bond funds to global investing and index funds, this audiobook will help you regain your financial footing and make more informed investment decisions.


What the Critics Say

"The only thing better than Bogle's original book is its improved revision. Bon appetit!" (Paul A. Samuelson, Nobel Laureate, Economics)
"Were I allowed to recommend only one investment volume to friends and family, the updated edition of Common Sense on Mutual Funds would be it - it is even better than the first edition was ten years ago." (William J. Bernstein, author of The Investor's Manifesto, A Splendid Exchange, The Birth of Plenty, and The Four Pillars of Investing)


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Customer Reviews

Most Helpful

This book not intended for audio format

Would you try another book from John C Bogle and/or Scott Peterson?

Yes. I found the material itself very interesting and relavant. I had been looking for a book on mutual funds and this filled that need.

What was one of the most memorable moments of Common Sense on Mutual Funds?

This book doesn't lend itself to "memorable moments" since it's primarily educational material.

What didn’t you like about Scott Peterson’s performance?

Scott's performance was good. There was, however, one chapter which he DIDN'T read. I don't know who did, but that one chapter was horrible.

What reaction did this book spark in you? Anger, sadness, disappointment?

This book doesn't lend itself to sparking a response since it's primarily educational material.

Any additional comments?

Although I thoroughly enjoyed the material, this book doesn't translate into audio format at all. Imagine listening to a math or physics book. There are just too many tables, charts and other data that fit well in written form, but are not suited to having them read to you. I need to SEE the tables and charts in order to best understand them.

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- Richard

"A Classic Book on Investing"

Would you listen to Common Sense on Mutual Funds again? Why?

Yes. It may be the best practical book on equity investing ever written. Simple and precise, it lays out the case for passive investing in a way that will change your thinking about mutual funds forever.

What other book might you compare Common Sense on Mutual Funds to and why?

No other books really compare in content. Although there are parallels in "Fooled by Randomness", and many of Warren Buffet's books espouse the benefits of Indexing.

Any additional comments?

John Bogle may be the most influential and honest voice in the investment world. His creation of the world's first Index Fund (Vanguard Index 500) and the subsequent rejection of it by almost everyone, is a great example of how many new ideas are not initially seen for their greatness or truth. Standing the test of time, Bogle's Vanguard Index Funds have beaten the majority of professional (active) money managers. My biggest take-aways from this book are "don't look for the needle, buy the haystack", "reversion to the mean", "most untrained investors can beat well-trained investment professionals by investing in a low-cost index fund" and "active equity mutual funds take a significant portion of an investor's risk premium through fees and expenses, created by excessive portfolio turnover, taxes and 12-b1 fees". This book is a "must read" for anyone trying to build an investment portolio.

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- Martin "I like Finance books and True Crime stories. It's kind of funny, since some people may say that the two are one in the same."

Book Details

  • Release Date: 03-14-2012
  • Publisher: Gildan Media, LLC