Don't Trust the Numbers! Thoughts on Investors' Fallacies, Capitalism
"Don't Trust the Numbers!" - a book by the legendary financier John Bogle, who is called the father of index investing, is an anthology of the latest articles and speeches on topics that concern the author the most: the outrageous...
cost of financial intermediaries; the shameful disregard by companies for their fiduciary duties; the disheartening triumph of emotions over sober reasoning in many investment decisions and as a result - the victory of speculation over investing. The main idea that the author has carried throughout the book and his long life is brilliantly simple: it is pointless to try to beat the market by achieving higher returns - on the contrary, one should cooperate with it and sensitively catch any of its movements. Only in this case will mutual funds truly be "mutual."
"Don't Trust the Numbers!" - a book by the legendary financier John Bogle, who is called the father of index investing, is an anthology of the latest articles and speeches on topics that concern the author the most: the outrageous cost of financial intermediaries; the shameful disregard by companies for their fiduciary duties; the disheartening triumph of emotions over sober reasoning in many investment decisions and as a result - the victory of speculation over investing.
The main idea that the author has carried throughout the book and his long life is brilliantly simple: it is pointless to try to beat the market by achieving higher returns - on the contrary, one should cooperate with it and sensitively catch any of its movements.
Only in this case will mutual funds truly be "mutual."
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In stock
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