The Little Book of Common Sense Investing by John Bogle Summary (Founder of Vanguard Index Funds)
John Bogle founded the low cost index funds and ETFs which were the best offerings for many years until other competitors flooded the market with low and zero cost funds. As the pioneer of index fund investing, Bogle makes some great points. He explains why index investing is the best strategy but why is that? In this summary, the main points of the Little Book of Common Sense Investing are outlined explaining why the low cost index fund is the best retirement investment for most people and why they beat actively managed mutual funds and individual stocks.
“People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self/fulfilling prophecy.” /Tony Robbins