Book HackThe Little Book of Common Sense InvestingBy John C. Bogle
In a Nutshell
John C. Bogle introduces us to low-cost, passive index funds as a sustainable investing strategy, so we can get the retirement savings we need without the hassle of choosing stocks.
Favorite Quote
Don't look for the needle in the haystack. Just buy the haystack!
John C. Bogle
Introduction
John 'Jack' Bogle, the inventor of the index fund, was nothing short of a genius.
When everyone tried to beat the market with great stock picks and then charge expensive fees for it, Bogle thought: 'Why not just mimic what the indexes are doing and not manage anything?'
Bogle's idea turned into one of the most prevailing investment ideas of the 21st century, and the investment firm he founded, The Vanguard Group, remains one of the most respected companies in the world.
In this little book, Bogle outlines why index funds are still one of the safest and stress-free ways of investing today, and how we can get started with one.
Here are the 3 key insights from this Hack
- 1.Actively managed funds rarely beat the market, and returns are eaten up by fees
- 2.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.
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