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“The index fund is a most unlikely hero for the typical investor. It is no more (nor less) than a broadly diversified portfolio, typically run at rock-bottom costs, without the putative benefit of a brilliant, resourceful, and highly skilled portfolio manager. The index fund simply buys and holds the securities in a particular index, in proportion to their weight in the index. The concept is simplicity writ large.”
― Common Sense on Mutual Funds, Updated 10th Anniversary Edition
― Common Sense on Mutual Funds, Updated 10th Anniversary Edition
“The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently.”
― Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
― Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor
“The winning formula for success in investing is owning the entire stock market through an index fund, and then doing nothing. Just stay the course.”
― The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
― The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
“Over the short run, however, the fundamentals are often overwhelmed by the deafening noise of speculation—the price at which the stock market values each dollar of earnings.”
― The Clash of the Cultures: Investment vs. Speculation
― The Clash of the Cultures: Investment vs. Speculation
“It will also tell you how easy it is to do just that: simply buy the entire stock market. Then, once you have bought your stocks, get out of the casino and stay out. Just hold the market portfolio forever. And that’s what the index fund does. This investment philosophy is not only simple and elegant. The arithmetic on which it is based is irrefutable. But it is not easy to follow its discipline. So”
― The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
― The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
Dranil’s 2025 Year in Books
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