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The Little Book of Common Sense Investing

Narrated by: Thom Pinto
Length: 5 hrs and 7 mins
4 out of 5 stars (38 ratings)

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Summary

Investing is all about common sense. Owning a diversified portfolio of stocks and holding it for the long term is a winner'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 your fair share of stock market returns.

To learn how to make index investing work for you, there's no better mentor than legendary mutual-fund industry veteran John C. Bogle. Over the course of his long career, Bogle, founder of the Vanguard Group and creator of the world's first index mutual-fund, has relied primarily on index investing to help Vanguard's clients build substantial wealth. Now, with The Little Book of Common Sense Investing, he wants to help you do the same.

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.

©2007 John C. Bogle (P)2006 Audio Renaissance, a division of Holtzbrinck Publishers LLC

Critic reviews

"Bogle is rattling the status quo among the mutual-fund titans." ( Fortune)
"John C. Bogle...has the mind of an economist and the personality of a preacher." ( The Washington Post)
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  • Mr
  • 16-01-19

A strong argument, dragged out for too long.

The TLDR of this book is: "Buy index funds, because active management can't outperform the market, and charge large fees that mean they deliver below market-average returns to their investors".

This argument is supported by plenty of strong data, is hard to argue with, and is worth hearing for anyone looking to invest their savings. Unfortunately the one sentence premise is stretched out to over 5 hours, and the message simply doesn't need to be delivered over that much time. This is an article drawn out into a book.

Narrator is fine.

2 people found this helpful

  • Overall
    3 out of 5 stars

Good concept, but far too much repition.

Would advise watching a summary video on youtube for 5 minutes. His point is made in the first 15minutes and he really doesnt introduce any significant points or thinking to justify listening to through for another 5 hours.

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    5 out of 5 stars

Extremely happy with it

Novice investor here. I found the book very concise and informative at any point. Well explained and easy to understand.

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    3 out of 5 stars
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  • Sankar
  • 20-12-10

Invest in Index Fund.If you get that, don't waste$

Invest in index funds is the only message from the book. The authors mentions this over and over again in this book and quotes many successful investors backing that. If someone is not sold on index fund then I would recommend this book. Otherwise save the cost of buying this book and instead add it to your index fund.

28 people found this helpful

  • Overall
    2 out of 5 stars
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  • Jerry M.
  • 02-02-08

Repeats endlessly

While this book offers sound advice on index investing. It is endlessly repetitive. The crux of the material could be covered in 15-30 minutes.

30 people found this helpful

  • Overall
    4 out of 5 stars
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  • Thomas
  • 08-11-08

Repetitive but Very Good

Some of the other reviewers are right; the book could be summarized in 30 minutes. That said, I've listened to it three times and during these crazy economic times it is sort of reassuring. Yes, you can beat the market but, no, it isn't likely that you will. This book helps you understand why and it might also make you less hungry for outsized returns. A good listen.

4 people found this helpful

  • Overall
    4 out of 5 stars
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  • Eric
  • 12-02-08

If you can't beat them, join them!

I've been investing for years, and my personal experiences is a testament to what this book details. For the long term investor, nothing beats the indexes!

7 people found this helpful

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    5 out of 5 stars
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  • Chukwuma Oguh
  • 13-12-17

Great information for new investors

This book is very insightful and, I loved every minute of this audio book. I would definitely recommended this audio book

1 person found this helpful

  • Overall
    5 out of 5 stars
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  • joe
  • 03-06-16

great listen

being new to investing I found this book to be very informative. definitely worth listening to

1 person found this helpful

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    5 out of 5 stars
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  • Luis
  • 23-05-12

I am officially a Boglehead... :)

If you could sum up The Little Book of Common Sense Investing in three words, what would they be?

Indexing is the way to go when investing is not your primary source of income

What was one of the most memorable moments of The Little Book of Common Sense Investing?

Learning who John Bogle is...

Which scene was your favorite?

This is a great book alltogether

What did you learn from The Little Book of Common Sense Investing that you would use in your daily life?

Don't try to beat the market, join the market, as suggetsed by the "simple rules of humble arithmetic"

1 person found this helpful

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    4 out of 5 stars
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    4 out of 5 stars
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  • Jack
  • 05-03-12

Very informative from the historical perspective

What did you love best about The Little Book of Common Sense Investing?

understandable to a begginer

What did you like best about this story?

comprehensive on the entire subject

Did Thom Pinto do a good job differentiating all the characters? How?

yes

What’s an idea from the book that you will remember?

That the long term ,unemotional , diversified portfolio is the most effective way to be successful

Any additional comments?

Worth the time invested to get the information from the book

1 person found this helpful

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  • Marco Kasel
  • 31-08-19

Making a complicated subject easy to understand

It also simplifies investing strategies and gives me hope that I can do this myself, without the help of professionals that are eager to charge you fees.

  • Overall
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  • A. Hernandez
  • 18-08-19

For the Average person without a clue

Invest in simple index funds is the entire driving point of the book. Yes repetitive with mathematical calculations and stated endorsements of famous investors etc. For those who want the most straightforward investment strategy to set it and forget it .. This is the one book to check out. There are no technical formulas for evaluating stocks and sorting other investments... its strictly a book to get the average person to investing into index funds and stop trying to beat the market. I wish I had listened to this book 20 years ago. I would be much better off. Too many leaches in the industry and this book brings much attention to the fact. For every winning investment.. there is a loser.. who wins all the time.. nobody. Simple!