
Chosen by shared topics, the entries that hold them, and the people who recommended both.
Recommended by: Mohnish Pabrai
Vanguard's founder on costs, turnover and fund structure.
“Wonderful Book. I highly recommend all of John Bogle's writings to any investor.” — Mohnish Pabrai
Source: Mohnish's Bookshelf — Books on Investing & Capital Allocation, entry 50
Recommended by: Mohnish Pabrai, Jason Zweig and 3 others
How speculation displaced long-term investment in markets, shown in turnover data.
“I also recommend The Clash of the Cultures by Jack Bogle” — Warren Buffett
Source: 2012 Berkshire Hathaway Shareholder Letter, p. 21
Recommended by: Mohnish Pabrai, Warren Buffett and 1 other
Recommended by: Mohnish Pabrai
Why active investing became a loser's game, decided by errors, not by skill.
“In his marvelous book, Winning the Loser's Game, Charlie Ellis says” — Bill Miller
Source: Bill Miller 2Q 2020 Market Letter
Recommended by: Bill Miller, Mohnish Pabrai, Howard Marks
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