I found the book useful in explaining the basics of what the different type of funds are and how they operate and there is a good bit of general investing advice in this book. However, it can be hard work to get to this because it repeats a lot, and sometimes trys too hard to convince the reader about its conclusions. By the time it gets to making the point, you may have started skipping over, or lost concentration. It is also very US centric, covering the US tax system and recommending US funds - these sections are of little use to non-US readers. I also feel it is a bit weak in one crucial area: how to select a good fund.