◎John Bogle is the founder of Vanguard Group, one of the world's two largest independent fund organizations.

In the field of mutual funds, his status is even more prominent than Buffett's in the field of stock investment.

◎ "Buffett cannot make you become Warren Buffett, but John Borg can help everyone become a smart investor." Paul Samuelson, the leading economist, said.

This book is the painstaking work of Mr. Borg, the godfather of index funds. It is an upgraded version after ten years of baptism in the market. It can be called a classic must-read in the investment community.

In today's increasingly complex market environment, this important work is like a beacon in the sea. On the one hand, it conveys the simplest, most effective and long-lasting investment strategies, and on the other hand, it also examines the industry rules and moral bottom line of the international fund industry.

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In this book, Mr. Bogle presents all the essence accumulated in the investment field throughout his life, using a large number of detailed data and facts to explain that simplicity and common sense will inevitably trump expensive and complex investment methods; low cost and wide diversification

A diversified investment portfolio is still the best choice to achieve wealth accumulation at the lowest cost and risk, and the performance of this investment will always be better than that of expensive actively managed funds.

Based on recent changes in investment tools and market performance, this book updates charts and adds new commentary and analysis based on the original data, all of which provide timely and reliable investment guidance.

As the 10th anniversary edition of the original book, this book retains the complete content of the original version, and at the same time provides a comprehensive update on the latest developments in the U.S. fund industry since 1999-2009.

The author used the data and facts of the past 10 years to frankly verify the views put forward in the original book. These a posteriori historical facts have increasingly highlighted the reference value of most of the views in the original book.