The Little Book of Common Sense Investing

If the data do not prove that indexing wins, well, the data are wrong.

the returns earned by investors in the aggregate inevitably fall well short of the returns that are realized in our financial markets.

Most investors as a group must necessarily earn the market return, but only before the costs of investing are deducted.

Remember, O Stranger, arithmetic is the first of the sciences and the mother of safety.

the highest cost investment manager cannot achieve superior performance over the long term.

a low-cost index fund is the most sensible equity investment for the great majority of investors.

paradoxically, when 'dumb' money acknowledges its limitations, it ceases to be dumb.

Owning and holding a diversified list of securities ... would be a way of describing the modern-day stock index fund.

To achieve satisfactory investment results is easier than most people realize.

High costs, taxes, and emotional decision-making erode returns for active investors.