The Little Book of Common Sense Investing in English episodes:

• May 14, 2025Acknowledgments

  Acknowledgments

  IN WRITING THIS BOOK, I have received incredibly

  wonderful support from the entire (three-person) staff of

  Bogle Financial Markets Research Center, the Vanguard-

  supported unit that began its formal activities at the

  beginning of 2000.

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• May 14, 2025What Should I Do Now?

  Chapter Eighteen

  What Should I Do Now?

  -

  Funny Money, Serious Money,

  and Investment Strategy

  DEEP DOWN, I REMAIN absolutely confident that the

  vast majority of American families will be well served by

  owning their equity holdings in an all-U.S.

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• May 14, 2025The Relentless Rules of Humble Arithmetic

  Chapter Seventeen

  “The Relentless Rules

  of Humble Arithmetic”

  -

  Reprise

  IF THE MESSAGE IN this book comes across as confident,

  please understand that it is little more than common

  sense. Even more, please understand that my confidence

  in the index fund is buttressed by the conclusions of many

  of the smartest, most experienced, most successful in-

  vestors in the United States including Warren Buffett,

  Charlie Munger, and Benjamin Graham, along with top

  academics and endowment managers—Nobel Laureates

  Paul Samuelson, William Sharpe, and Daniel Kahneman

  and Princeton’s Burton Malkiel, Yale’s David Swensen,

  Harvard’s Jack Meyer, and MIT’s Andrew Lo.

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• May 14, 2025What Would Benjamin Graham Have Thought about Indexing?

  Chapter Sixteen

  What Would Benjamin

  Graham Have Thought

  about Indexing?

  -

  A Confirmation from Mr. Buffett

  THE FIRST EDITION OF The Intelligent Investor was pub-

  lished in 1949. It was written by Benjamin Graham, the

  most respected money manager of the era, and coauthor

  (with David Dodd) of Security Analysis, a scholarly tome

  originally published in 1934.

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• May 14, 2025The Exchange Traded Fund

  Chapter Fifteen

  The Exchange

  Traded Fund

  -

  A Trader to the Cause

  EVEN BEFORE THE RISE of the so-called new paradigm of

  fundamental indexing described in Chapter 14, traditional

  indexing was being challenged by a sort of wolf-in-sheep’s

  clothing, the exchange traded fund (ETF).

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• May 14, 2025Index Funds That Promise to Beat the Market

  Chapter Fourteen

  Index Funds

  That Promise to Beat

  the Market

  -

  The New Paradigm?

  SINCE THE INCEPTION OF the first index mutual fund in

  1975, indexing—investing in passively managed, broadly

  diversified, low-cost, stock and bond index funds—has

  proved to be both a remarkable artistic success and a re-

  markable commercial success.

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• May 14, 2025Bond Funds and Money Market Funds

  Chapter Thirteen

  Bond Funds and

  Money Market Funds

  -

  Where Those Relentless Rules

  Are Even More Powerful

  SO FAR, MY DISCUSSION of the index fund (and its hand-

  maiden, low investment costs) has related to the stock

  market and to equity mutual funds.

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• May 14, 2025Profit from the Majesty of Simplicity

  Chapter Twelve

  Profit from the Majesty

  of Simplicity

  -

  Hold Index Funds That Own

  the Entire Stock Market.

  IF LOW COSTS ARE GOOD (and I don’t think a single an-

  alyst, academic, or industry expert would disagree that

  low costs are good), why wouldn’t it be logical to focus on

  the lowest-cost funds of all—index funds that own the en-

  tire stock market?

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• May 14, 2025Focus on the Lowest-Cost Funds

  Chapter Eleven ¸

  Focus on the Lowest-

  Cost Funds

  -

  The More the Managers Take,

  the Less the Investors Make.

  WHAT LESSONS HAVE YOU learned in Chapters 8

  through 10? Selecting equity funds based on long-term

  past performance hasn’t been the answer.

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• May 14, 2025Seeking Advice to Select Funds?

  Chapter Ten

  Seeking Advice to

  Select Funds?

  -

  Look beforeYou Leap.

  THE EVIDENCE PRESENTED in Chapters 8 and 9 teaches

  two lessons: (1) Selecting winning equity funds over the

  long term bears all the potential success of looking for

  the needle in the haystack; and (2) Selecting winning

  funds based on their performance over relatively short-

  term periods in the past is all too likely to lead, if not to

  disaster, at least to disappointment.

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