S. D. Ciletti’s Reviews > The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns > Status Update

Fantastic book. Bogle didn’t know about algorithmic information theory and so wasn’t able to express notions of simplicity as Kolmogorov complexity or randomness as Martin-Lof randomness, but it is clear he has come to an intuitive understanding of these very notions through experience in the market.

At some point someone should write a definitive formalisation of this thesis using the language of AIT.