The Little Book of Common Sense Investing

Vanguard founder John C. Bogle makes the case for low-cost index funds: buy a fund that tracks the broad market, such as the S&P 500, hold it for the long term and keep costs down. Trying to beat the market, he argues, turns into a loser's game once fees are taken out. Bogle explains why dividend yields and earnings growth matter more than market expectations, how costs, taxes and inflation erode returns, and what Warren Buffett, Benjamin Graham, Paul Samuelson and Burton Malkiel have said about indexing. First issued in 2007 as part of a Wiley series, the book later returned in a tenth anniversary edition with new chapters on asset allocation and retirement investing.

Warren Buffett was reported to have told readers of his 2014 shareholder letter to read it rather than follow most financial advisers.