https://summaryshelf.app/authors/john-c.-bogle/Recent content in John C. Bogle on SummaryShelfHugoen-usWed, 29 Jul 2026 00:00:00 +0000https://summaryshelf.app/little-book-of-common-sense-investing/Wed, 29 Jul 2026 00:00:00 +0000https://summaryshelf.app/little-book-of-common-sense-investing/<p>Every dollar American business earns belongs to the people who own it. Bogle opens with a parable borrowed from Warren Buffett: a vast family called the Gotrocks owns every stock in the United States and collects all the dividends and earnings those thousands of companies produce. Then the Helpers arrive. Brokers persuade the smarter cousins to trade shares with each other for a commission; managers are hired to pick better stocks, consultants to pick better managers. Nothing about the underlying businesses changes, yet the family&rsquo;s share of the pie slides from 100 percent to 60. The old uncle&rsquo;s advice: fire everyone, own everything, sit still. That is exactly what an index fund does.</p>