COMMON SENSE ON MUTUAL FUNDS

This is the perfect remedy for overconfident investors who are tempted to become more active in managing their holdings. The prescription is conservative advice: Balance your portfolio with high-quality stocks and bonds and hold them. Without preaching, Bogle reminds us of the transaction costs of frequent trading and of the impossibility of timing the market--let alone individual stocks. He tells us about the pros and cons of all types of funds with a clarity and assuredness that listeners will warm up to. The author is a great teacher and likeable narrator. This comprehensive lesson on mutual funds is a cut above most audios on investing. T.W. © AudioFile 2001, Portland, Maine [Published: AUG/ SEP 01]