The Intelligent Investor's Guide. A Reliable Way to Profit in the Stock Market

This classic investment guide is a new, updated edition of the bestseller by John Bogle, a pioneer in the mutual fund industry, an investment guru, and the head of the largest investment company, The Vanguard Group. The author offers a simple and effective investment strategy: to buy a fund that holds a portfolio of all-market stocks and own it forever. However, the book contains something more than just recommendations for working with index funds. After reading it, you will be able to view investing differently. John Bogle shows why long-term investments align much better with your interests than short-term speculation; how important diversification is; what role the cost of investments plays; and why focusing on past fund performance and ignoring the principle of reversion to the mean in investing is dangerous. This book will show you the right path to securing your financial future.

A winning strategy for stock market investing consists of acquiring shares of all publicly traded national companies at the lowest price.

This book offers more than just guidance on working with index funds. It transforms the very concept of investing.