Reasonable investor leadership: a reliable way to make a profit on the stock market

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 Vanguard Group, the head of the largest investment company.
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 differently at the investment. John Bogl shows why long -term investments correspond to your interests much better than short -term speculations, how important diversification, what role the cost of investments plays, why focus on the past results of the fund and ignore the principle of return to the average in investment is dangerous.
This book will show you the right path to ensure its financial future