The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
Owning a diversified portfolio of stocks and holding it for the long term is a winne's game. Trying to beat the stock market is theoretically a zero-sum game (for every winner, there must be a loser), but after the substantial costs of investing are deducted, it becomes a loser's game. Common sense tells us, and history confirms, that the simplest and most efficient investment strategy is to buy and hold all of the nation's publicly held businesses at very low cost. The classic index fund that owns this market portfolio is the only investment that guarantees you with your fair share of stock market returns.
Filled with in-depth insights and practical advice, The Little Book of Common Sense Investing will show you how to incorporate this proven investment strategy into your portfolio. It will also change the very way you think about investing. Successful investing is not easy. (It requires discipline and patience.) But it is simple. For it's all about common sense.
Enough: True Measures of Money, Business, and Life
Written by John C. Bogleâ€“the legendary founder of the Vanguard Mutual Fundâ€“Enough. offers his unparalleled insights on money, the values we should emulate in our business and professional callings, and what we should consider as the true treasures in our lives. Inspired in large measure by the hundreds of lectures Bogle has delivered to professional groups and college students in recent years, this book will help you discover what it really means to have "enough" and how close you are to really having it.
This is the most difficult time to invest
"In 2008 we had one of the largest cuts in dividends in the history of the S&P 500. Now the dividends don't seem to be coming back, even though the earnings have.
What are the corporations trying to tell us? I don't know. Maybe they're trying to tell you that these earnings are phony, and we don't have money to pay you dividends.
Corporations play games with earnings. I just don't believe them. Operating earnings are always higher than reported earnings after write-offs, because corporations are always making investment decisions that are bad. They always have write-offs and tell us they're 'nonrecurring.' Except they recur year after year after year."