The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle

Author:John C. Bogle
Language: eng
Format: epub, azw3
Published: 2017-09-13T14:30:00+00:00

Don’t Take My Word for It

Consider the words of Warren Buffett in his 2013 letter to Berkshire Hathaway shareholders as he describes the instructions in his will for managing his wife’s trust. Rather than selecting an actively managed mutual fund with a superior record, he directed the trustees to invest 90 percent of the assets in the trust in a “very low-cost S&P 500 index fund. (I suggest Vanguard’s.)” It is reasonable to assume that Mr. Buffett considered “looking for the needle.” But he finally decided to “buy the haystack.”

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