Chapter Seventeen
“The Relentless Rules
of Humble Arithmetic”
-
Reprise
IF THE MESSAGE IN this book comes across as confident,
please understand that it is little more than common
sense. Even more, please understand that my confidence
in the index fund is buttressed by the conclusions of many
of the smartest, most experienced, most successful in-
vestors in the United States including Warren Buffett,
Charlie Munger, and Benjamin Graham, along with top
academics and endowment managers—Nobel Laureates
Paul Samuelson, William Sharpe, and Daniel Kahneman
and Princeton’s Burton Malkiel, Yale’s David Swensen,
Harvard’s Jack Meyer, and MIT’s Andrew Lo.
--------
19:06
--------
19:06
Index Funds That Promise to Beat the Market
Chapter Fourteen
Index Funds
That Promise to Beat
the Market
-
The New Paradigm?
SINCE THE INCEPTION OF the first index mutual fund in
1975, indexing—investing in passively managed, broadly
diversified, low-cost, stock and bond index funds—has
proved to be both a remarkable artistic success and a re-
markable commercial success.
--------
11:14
--------
11:14
What Should I Do Now?
Chapter Eighteen
What Should I Do Now?
-
Funny Money, Serious Money,
and Investment Strategy
DEEP DOWN, I REMAIN absolutely confident that the
vast majority of American families will be well served by
owning their equity holdings in an all-U.S.
--------
13:30
--------
13:30
What Would Benjamin Graham Have Thought about Indexing?
Chapter Sixteen
What Would Benjamin
Graham Have Thought
about Indexing?
-
A Confirmation from Mr. Buffett
THE FIRST EDITION OF The Intelligent Investor was pub-
lished in 1949. It was written by Benjamin Graham, the
most respected money manager of the era, and coauthor
(with David Dodd) of Security Analysis, a scholarly tome
originally published in 1934.
--------
13:41
--------
13:41
Acknowledgments
Acknowledgments
IN WRITING THIS BOOK, I have received incredibly
wonderful support from the entire (three-person) staff of
Bogle Financial Markets Research Center, the Vanguard-
supported unit that began its formal activities at the
beginning of 2000.
About The Little Book of Common Sense Investing in English
To Paul A. Samuelson, professor of economics
at Massachusetts Institute of Technology,
Nobel Laureate, investment sage.
In 1948 when I was a student at Princeton
University, his classic textbook introduced me
to economics. In 1974, his writings reignited my
interest in market indexing as an investment strategy.
In 1976, his Newsweek column applauded my cre-
ation of the world’s first index mutual fund. In
1993, he wrote the foreword to my first book, and
in 1999 he provided a powerful endorsement for my
second. Now in his ninety-second year, he remains
my mentor, my inspiratio
Listen to The Little Book of Common Sense Investing in English, Atomic Habits by James Clear, Book Summary, Podcast, English and many other podcasts from around the world with the radio.net app
South Africa