Bogle on mutual funds

In this seminal work, John C. Bogle provides investors with wisdom on mutual fund investing, highlighting the pitfalls of high-cost, actively managed funds and the advantages of passively managed index funds.

The book explains the 'eternal triangle of investing': risk, reward, and costs, and offers practical advice on asset allocation, choosing between different types of funds, and avoiding misleading advertising.

Bogle argues that lower-cost investment structures and long-term investment strategies are key to successful investing, and he provides evidence to support his claims, including comparisons between random mutual fund returns and market averages.