Rating: 
Summary: Beat the dead horse
Review: The central theme of this book is good -- that index funds are likely to deliver better returns than actively managed funds due to their low cost, high diversification, and tax efficiency. However the book just goes on and on and on with this same argument. It beats the dead horse a thousand times over.
Rating: 
Summary: Not sexy BUT powerfull common-sense principles for investing
Review: This book has some basic, common-sense and powerfull principles. It is full of technical detail that is sometimes hard to follow for the layman but nevertheless is explained simply enough to have the ring of truth about it.It's basic principle is that for your investments to provide wealth in the long-term you must abandon the current casino-style gambing on the latest mutual fund fad and invest in solid, low-cost, no-load funds. This book is not for the total beginner since it probably has too much detailed technical data for the few pearls of wisdom -- albeit priceless pearls. However, given the huge mutual fund industry that mostly disagree with John Bogle, the amount of technical information is probably necessary. Unlike the four "Common Sense" pamphlets written by Thomas Paine to inspire the regular citizen to reject British imperialistic rule, this book is too technical to spark a popular uprising against the over-priced mutual fund industry of today. However the fact that Bogle practices what he preaches and has built a company 'Vanguard' on his beliefs gives his book an authority missing in much writing. For the beginner, a book I read that really did change my life is "Personal Finance for Dummies" by Eric Tyson.
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