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- The Little Book Of Common Sense Investing Pdf Download4 1
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The Little Book of Common Sense Investing, where Vanguard Group founder John C. Bogle shares his own time-tested philosophies. The Little Book That Builds Wealth, where Pat Dorsey, director of stock research for leading independent investment research provider. 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. Editorial Reviews. From the Inside Flap. 'Rather than listen to the siren songs from investment. Returns (Little Books. Big Profits) - Kindle edition by John C. Download it once and read it on your Kindle device, PC, phones or tablets. 31 quotes from The Little Book of Common Sense Investing: The Only Way to. Entirely on the reality of the investment returns earned by our corporations.
The Little Book Of Common Sense Investing Pdf Download4 1
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
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The Little Book of Common Sense Investing Quotes Showing 1-30 of 32
“Don't look for the needle in the haystack. Just buy the haystack!”
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“The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.”
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“The two greatest enemies of the equity fund investor are expenses and emotions.”
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“When there are multiple solutions to a problem, choose the simplest one.”
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“The true investor . . . will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.”
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“The greatest enemy of a good plan is the dream of a perfect plan.” Stick to the good plan. Traditional”
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“Buying funds based purely on their past performance is one of the stupidest things an investor can do.”
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“Owning the stock market over the long term is a winner's game, but attempting to beat the market is a loser's game.”
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“the great British economist John Maynard Keynes, written 70 years ago: “It is dangerous . . . to apply to the future inductive arguments based on past experience, unless one can distinguish the broad reasons why past experience was what it was.”
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“The simple fact is that selecting a mutual fund that will outpace the stock market over the long term is, using Cervantes’ wonderful observation, like “looking for a needle in the haystack.” So I offer you Bogle’s corollary: “Don’t look for the needle in the haystack. Just buy the haystack!”
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“Gunning for average is your best shot at finishing above average.”
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“Experience conclusively shows that index-fund buyers are likely to obtain results exceeding those of the typical fund manager, whose large advisory fees and substantial portfolio turnover tend to reduce investment yields. Many people will find the guarantee of playing the stock-market game at par every round a very attractive one. The index fund is a sensible, serviceable method for obtaining the market’s rate of return with absolutely no effort and minimal expense.”
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“The message is clear: in the long run, stock returns depend almost entirely on the reality of the investment returns earned by our corporations. The perception of investors, reflected by the speculative returns, counts for little. It is economics that controls long-term equity returns; emotions, so dominant in the short-term, dissolve.”
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“The greatest Enemies of the Equity investor are Expenses and Emotions.”
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“The greatest enemy of a good plan is the dream of a perfect plan.” Stick to the good plan.”
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“An investment in knowledge always pays the best interest. Learning is to the Studious, and Riches to the Careful. If a man empties his purse into his head, no man can take it away from him.”
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“The higher the level of their investment activity, the greater the cost of financial intermediation and taxes, the less the net return that shareholders—as a group, the owners of our businesses—receive.”
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“It is simply not worth paying anybody more than 1 percent to manage your money. Above $1 million, you should be paying no more than 0.75 percent, and above $5 million, no more than 0.5 percent. . . . Your adviser should use index/passive stock funds wherever possible. If”
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“Graham’s timeless lesson for the intelligent investor, as valid today as when he prescribed it in his first edition, is clear: “the real money in investment will have to be made—as most of it has been made in the past—not out of buying and selling but of owning and holding securities, receiving interest and dividends and increases in value.” His”
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“It is fair to say that, by Graham’s demanding standards, the overwhelming majority of today’s mutual funds, largely because of their high costs and speculative behavior, have failed to live up to their promise. As a result, a new type of fund—the index fund—is now gradually moving toward ascendancy. Why? Both because of what it does—providing the broadest possible diversification—and because of what it doesn’t do—neither assessing high costs nor engaging in high turnover. These”
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“The winning formula for success in investing is owning the entire stock market through an index fund, and then doing nothing. Just stay the course.”
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“long streaks are extraordinary luck imposed on great skill.”
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“Thomas Paine, whose 1776 tract Common Sense helped spark the American Revolution. Here is what Tom Paine wrote: Perhaps the sentiments contained in the following pages are not yet sufficiently fashionable to procure them general favor; a long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides. Time makes more converts than reason. . . . I offer nothing more than simple facts, plain arguments, and common sense.”
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“For investors as a whole, returns decrease as motion increases.”
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The Little Book Of Common Sense Investing Pdf Download4 Word
“Hear David Swensen, widely respected chief investment officer of the Yale University Endowment Fund. “A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.”
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“I’m speaking here about the classic index fund, one that is broadly diversified, holding all (or almost all) of its share of the $15 trillion capitalization of the U.S. stock market, operating with minimal expenses and without advisory fees, with tiny portfolio turnover, and with high tax efficiency. The index fund simply owns corporate America, buying an interest in each stock in the stock market in proportion to its market capitalization and then holding it forever.”
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“like sales margins or profits. In the short-term, stock prices”
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The Book Common Sense
“Mutual fund investors, too, have inflated ideas of their own omniscience. They pick funds based on the recent performance superiority of fund managers, or even their long-term superiority, and hire advisers to help them do the same thing. But, the advisers do it with even less success (see Chapters 8, 9, and 10). Oblivious of the toll taken by costs, fund investors willingly pay heavy sales loads and incur excessive fund fees and expenses, and are unknowingly subjected to the substantial but hidden transaction costs incurred by funds as a result of their hyperactive portfolio turnover. Fund investors are confident that they can easily select superior fund managers. They are wrong.”
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“In the same interview, Benjamin Graham was asked about the objection made to the index fund—that different investors have different requirements. Again, he responded bluntly: “At bottom that is only a convenient cliché or alibi to justify the mediocre record of the past. All investors want good results from their investments, and are entitled to them to the extent that they are actually obtainable. I see no reason why they should be content with results inferior to those of an indexed fund or pay standard fees for such inferior results.”
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