A guide to everything you need to know about investing. A short, sweet, and impactful read.
The book’s author John Bogle – the founder of Vanguard and creator of the first index fund – is considered to be one of the most important contributors to modern finance. In 2017, Warren Buffett wrote:If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be John Bogle. For decades, John has urged investors to invest in ultra-low-cost index funds. In his early years, John was frequently mocked by the investment-management industry. Today, however, he has the satisfaction of knowing that he helped millions of investors realize far better returns on their savings than they otherwise would have earned. He is a hero to them and to me.
If you’re currently invested in actively-managed mutual funds, or are considering doing so, please read this book. The case for investing in low-cost index funds cannot be made better.
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