Review by Library Journal Review
Bogle (The Battle for the Soul of Capitalism) provides exemplary advice for investors interested in index funds. His solid, logical information is targeted at investors at all levels, and he deflates the myth of the superiority of mutual funds by explaining how common sense can help the average investor successfully manage low-cost index funds. As Bogle explains, owning a diversified portfolio of stocks for the long term is a winner's game, while trying to beat the stock market is a zero-sum game; after the substantial costs of investing are deducted, it becomes a loser's game. The material explains why dividend yields and earnings growth are more important than market expectations, how to overcome the powerful impact of investment costs, taxes, and inflation, and what expert investors like Warren Buffett say about index investing. The solid narration by Thom Pinto keeps listener interest on Bogle's latest approach to long-term investing, which, while offering nothing extraordinarily new in the overly saturated financial advice genre, nicely represents more than 20 years of successful investment advice from a leader in this field. Highly recommended for university libraries supporting a business curriculum and larger public libraries.-Dale Farris, Groves, TX (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.
(c) Copyright Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.
