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Personen, die sich schon länger mit den Thema Kapitalmärkte auseinandersetzen finden in diesem Buch nur wenig neue Informationen. Dennoch erhält man hier ein gebündeltes Fundamentalwissen, welches einem erlaubt den Blickwickel auf die Finanzwelt zu ändern
The principles are sound as are the reasons behind them, but all you need to do is read the introduction to understand what Bogle advocates. The rest of the book is merely supporting explanations as to why he advocates his particular principles and it does so in rather too much and repetitive detail. Buy index funds and hold indefinitely. That's it. Read the introduction to understand why and leave the rest of the book be, unless you want unnecessary details.
With a title such as this, I expected a lot more: possibly a step-by-step guide as to how to go about buying index funds and other ways of investing, but it's just all about index funds and why they are so wonderful. That's it.
3.0 out of 5 starsGreat advice but this book is no longer essential reading.
Reviewed in the United Kingdom on 2 March 2018
His advice is great. I agree with most of what he says. Why only three stars? Because the specific advice is relevant to the US and not Britain and the specifics are out of date.
A lot of newspaper pundits and other "experts" are very dismissive of Index funds but the vast majority of the criticism is easy to dismiss because it is just plain wrong and self serving. Fees have long been a complete rip off. It is amazing that people still put up with them/.
Written by John Bogle who founded the Vanguard Group, a US-based investment management company ($4.5 trillions under management), this little book concentrates on investing long-term in US index funds so isn't massively applicable to UK Stockmarket investing.
There's no two ways about it... it's repetitive. Very. As mentioned by other reviewers, you could ultimately summarize this book in one sentence: buy low-cost index funds that track the broad market, and hold them forever. Duly noted. Still, I did finish the book so that I could completely understand the arguments and rationale behind WHY that's the best course. The arguments/reasoning could've been significantly condensed too, but I still found this book helpful, and got through it relatively quickly.
I got this book because a lot of people told me it's a good starting point for learning about investing. There is a good lesson to be learned from the book that for a beginner investor index funds are a great starting point. The only issue with this book is that the entire book could more or less be summarized into one sentence. Buy index funds and don't buy mutual funds. It goes on to list a bunch of reasons why and becomes very repetitive. This author has about 20 other books under similar titles and I think he was just trying to make another book to add to the overall collection and tried to stretch a simple concept into a 200 page book. Save the money and watch/read a review or summary on the book and you'll learn everything you need.