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Don't believe the numbers! Reflections on investor delusions, capitalism, mutual funds, index investing, entrepreneurship, idealism, and heroes

29.99 €
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Don't believe the numbers! Reflections on investor delusions, capitalism, mutual funds, index investing, entrepreneurship, idealism, and heroes
29.99 €
"Don't Believe the Numbers!" - the book by the legendary financier John Bogle, who is called the father of index investing, is an anthology of recent articles and speeches on the topics that most concern the author: the exorbitant cost of financial intermediaries, the shameful failure of companies to comply with their fiduciary obligations, the dismal triumph of emotion over sober reason in so many investment decisions, and as a result - the victory of speculation over investment. The main idea, which the author carried through the whole book and through his long life, is brilliantly simple: it is pointless to try to beat the market, achieving higher returns - on the contrary, you need to cooperate with it and sensitively catch any of its movements. Only then will mutual funds be truly "mutual".
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