Quotes from "The Little Book of Common Sense Investing" by Jack Bogle.
Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees - Warren Buffett.
A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth - Warren Buffett.
Investing is all about common sense. Owning a diversified portfolio of stocks and holding them for the long term is a winner's game. Trying to beat the stockmarket is theoretically a zero sum game (for every winner, there must be a loser), and after the substantial cost of investing are deducted, it becomes a loser's game.
Common sense tells us, and history confirms, that the simplest and most effective 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 portolio is the only investment that guarantees you with your fair share of stock market returns - John Bogle.
Subscribe to:
Post Comments (Atom)
:.
0 comments:
Post a Comment