More Straight Talk on Investing

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A practical and concise guide to investing, this book aims to empower everyday investors to achieve their long-term financial goals. The 21st century has seen significant market shocks, including the Tech Bubble burst, the Global Financial Crisis, and the COVID-19 crash, making investing seem daunting. As Chairman and CEO of Vanguard, Jack Brennan has dedicated his career to helping individuals manage their investments. In this updated edition, he shares insights from over four decades at Vanguard, drawing lessons from a diverse range of market participants, including everyday investors and seasoned portfolio managers. This approachable book provides the knowledge, confidence, and discipline needed to navigate financial markets successfully. While the core investing principles remain timeless, the landscape has evolved significantly over the past two decades, with new products, lower costs, and changing regulations. A new generation of investors can benefit from understanding that sound investing is key to financial security. The book encourages readers to manage their "serious" money—funds set aside for long-term goals like retirement or education—by adopting a "financial entrepreneur" mindset. It offers straightforward guidance on building a balanced, diversified portfolio, evaluating mutual funds and ETFs, adhering to a disciplined investment approach, controlling emotions, understanding market risks and rewards, and dev