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The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
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The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
by John C. Bogle
The Little Book of Common Sense Investing, Updated and Revised
Introduction to the 10th Anniversary Edition
Notes
Chapter One A Parable
Note
Chapter Two Rational Exuberance
Notes
Chapter Three Cast Your Lot with Business
Notes
Chapter Four How Most Investors Turn a Winner’s Game into a Loser’s Game
Note
Chapter Five Focus on the Lowest- Cost Funds
Note
Chapter Six Dividends Are the Investor’s (Best?) Friend
Chapter Seven The Grand Illusion
Notes
Chapter Eight Taxes Are Costs, Too
Notes
Chapter Nine When the Good Times No Longer Roll
Chapter Ten Selecting Long-Term Winners
Note
Chapter Eleven “Reversion to the Mean”
Note
Chapter Twelve Seeking Advice to Select Funds?
Chapter Thirteen Profit from the Majesty of Simplicity and Parsimony
Note
Chapter Fourteen Bond Funds
Chapter Fifteen The Exchange-Traded Fund (ETF)
Notes
Chapter Sixteen Index Funds That Promise to Beat the Market
Note
Chapter Seventeen What Would Benjamin Graham Have Thought about Indexing?
Note
Chapter Eighteen Asset Allocation I: Stocks and Bonds
Notes
Chapter Nineteen Asset Allocation II
Note
Chapter Twenty Investment Advice That Meets the Test of Time
Acknowledgments
EULA
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The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
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Introduction to the 10th Anniversary Edition
Contents
Introduction to the 10th Anniversary Edition
Notes
Chapter One A Parable
Note
Chapter Two Rational Exuberance
Notes
Chapter Three Cast Your Lot with Business
Notes
Chapter Four How Most Investors Turn a Winner’s Game into a Loser’s Game
Note
Chapter Five Focus on the Lowest- Cost Funds
Note
Chapter Six Dividends Are the Investor’s (Best?) Friend
Chapter Seven The Grand Illusion
Notes
Chapter Eight Taxes Are Costs, Too
Notes
Chapter Nine When the Good Times No Longer Roll
Chapter Ten Selecting Long-Term Winners
Note
Chapter Eleven “Reversion to the Mean”
Note
Chapter Twelve Seeking Advice to Select Funds?
Chapter Thirteen Profit from the Majesty of Simplicity and Parsimony
Note
Chapter Fourteen Bond Funds
Chapter Fifteen The Exchange-Traded Fund (ETF)
Notes
Chapter Sixteen Index Funds That Promise to Beat the Market
Note
Chapter Seventeen What Would Benjamin Graham Have Thought about Indexing?
Note
Chapter Eighteen Asset Allocation I: Stocks and Bonds
Notes
Chapter Nineteen Asset Allocation II
Note
Chapter Twenty Investment Advice That Meets the Test of Time
Acknowledgments
EULA
List of Illustrations
Chapter 2
EXHIBIT 2.1 Investment Return versus Market Return. Growth of $1, 1900–2016
EXHIBIT 2.2 Total Stock Returns by the Decade, 1900–2016 (Percent Annually)
Chapter 3
EXHIBIT 3.1 S&P 500 versus Total Stock Market Index: Portfolio Comparison, December 2016
EXHIBIT 3.2 S&P 500 and Total Stock Market Index, 1926–2016
EXHIBIT 3.3 Percentages of Actively Managed Mutual Funds Outperformed by Comparable S&P Indexes, 2001–2016
Chapter 4
EXHIBIT 4.1 The Magic of Compounding Returns, the Tyranny of Compounding Costs: Growth of $10,000 over 50 Years
EXHIBIT 4.2 The Tyranny of Compounding: Long-Term Impact of Lagging the Market by 2 Percent
Chapter 5
EXHIBIT 5.1 Equity Mutual Funds: Returns versus Costs, 1991–2016
Chapter 6
EXHIBIT 6.1 S&P Price Return versus Total Return
EXHIBIT 6.2 S&P 500—Dividends per Share
EXHIBIT 6.3 Dividend Yields and Fund Expenses, 2016
Chapter 7
EXHIBIT 7.1 S&P Index Fund versus Average Large-Cap Fund: Profit on Initial Investment of $10,000, 1991–2016
EXHIBIT 7.2 The Timing and Selection Penalties: Net Flow into U.S. Equity Funds
Chapter 9
EXHIBIT 9.1 Cumulative Investment Return and Speculative Return, 1900–2016
EXHIBIT 9.2 Total Return on Stocks, Past and Future
EXHIBIT 9.3 Initial Bond Yields and Subsequent Returns
EXHIBIT 9.4 Total Return on Bonds, Past and Future
EXHIBIT 9.5 Total Return on 60/40 Stock/Bond Balanced Portfolio, Past and Future
Chapter 10
EXHIBIT 10.1 Winners, Losers, and Failures: Long-Term Returns of Mutual Funds, 1970–2016
EXHIBIT 10.2 Fidelity Magellan: Long-Term Record versus S&P 500, 1970–2016
EXHIBIT 10.3 Fidelity Contrafund: Long-Term Record versus S&P 500, 1970–2016
Chapter 11
EXHIBIT 11.1 Reversion to the Mean, First Five Years 2006–2011 versus Subsequent Five Years 2011–2016
EXHIBIT 11.2 Reversion to the Mean, First Five Years 2001–2006 versus Subsequent Five Years 2006–2011
Chapter 13
EXHIBIT 13.1 Odds of an Actively Managed Portfolio Outperforming Passive Index Fund
EXHIBIT 13.2 Costs of Selected S&P 500 Index Funds
Chapter 14
EXHIBIT 14.1 Percentage of Actively Managed Bond Funds Outperformed by S&P Indexes, 2001–2016
Chapter 15
EXHIBIT 15.1 Traditional Index Funds versus Exchange-Traded Index Funds
EXHIBIT 15.2 Composition of TIF Assets and ETF Assets, December 2016
Chapter 16
EXHIBIT 16.1 “Smart Beta” Returns: 10-Year Period Ended December 31, 2016
Chapter 18
EXHIBIT 18.1 By Reducing Costs, You Can Earn Higher Return with Lower Risk
Chapter 19
EXHIBIT 19.1 The Low-Cost Balanced Index Portfolio versus Its High-Cost Peers, 1992–2016
EXHIBIT 19.2 Asset Allocations of Various Balanced Funds
Guide
Cover
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