Common Sense on Mutual Funds
by John C. Bogle
Bogle's comprehensive case: the arithmetic of costs, reversion to the mean, the failure of active management, asset allocation, and the governance failures of the fund industry, with data. It is longer and more thorough than his Little Book and remains the definitive statement.
Read it if…
you want the full evidence behind index investing from its inventor.
Skip it if…
you want the short version; see The Little Book of Common Sense Investing.
Three things you will actually use
- Costs compound against you.
- Past performance reverts.
- Simplicity is the master key.
Do this first
Read the cost chapters and move one expensive fund.
Our verdict
Definitive statement.
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