The leadership of a reasonable investor. Bogl D.

This is a classic investment guide - a new, supplemented publication of the bestseller John Bogla, the pioneer of the mutual funds industry, the investment guru, the head of the largest investment company The Vanguard Group. The author offers a simple and effective investment strategy: to purchase a fund that holds a portfolio of shares of the entire market, and own it forever. The book, however, contains more than recommendations for working with index funds. After reading it, you can look at the investment differently. John Bogl shows why long -term investments correspond to your interests much better than short -term speculations; How important diversification is; What role does the cost of investment play; Why focus on the past results of the fund and ignore the principle of return to the average in investing is dangerous. This book will show you the right path to ensuring your financial future.