Common Sense On Mutual Funds [Ultimate • METHOD]

Index funds aim to match the returns of a market benchmark (like the S&P 500) rather than outperform it. Because they are passive, they incur much lower management fees and transaction costs than active funds.

The book’s central thesis is that . Bogle argues that because the market is largely efficient, attempting to "beat" it through active stock selection and frequent trading is often a losing game once fees and taxes are accounted for. Common Sense on Mutual Funds

Bogle outlines several "common sense" rules for building a successful portfolio: Common Sense On Mutual Funds 1999 By John Bogle Index funds aim to match the returns of