Reflections on investor misconceptions, capitalism, "mutual" funds, index investing, entrepreneurship, idealism, and heroes
Original title: Don’t Count on It!: Reflections on Investment Illusions, Capitalism, “Mutual” Funds, Indexing, Entrepreneurship, Idealism, and Heroes
Author: John Bogle / Bogle John C.
Publisher: Alpina Publisher, 2013.
ISBN 978-5-9614-1816-3
Pages: 545 pp.
Format: 70×100/16 (170x240 mm)
Circulation: 1500 copies.
Weight: 700 g
Binding: Hardcover
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A book about investor misconceptions
"Every day I see numbers that, if not outright lies, grossly distort reality."
John Bogle
This book is an anthology of recent articles and speeches on the topics that most concern the author: the exorbitant cost of financial intermediaries; the shameful failure of companies to meet their fiduciary obligations; the dismal triumph of emotion over sober reason in so many investment decisions and the resulting victory speculation over investing.
Why Don't Believe the Numbers!" is worth reading
- This book was written by the legendary financier, called the father of index investing.
- After reading it, you will understand why it makes no sense to try to beat the market, seeking great returns - on the contrary, you need to cooperate with it and keenly catch any of its movements.
- You will learn to think for yourself without relying on others' conclusions and to be as critical as possible of the numbers.