1 . According to Jim Cramer, if you invest $1,000 in the S&P 500, how much can you expect your investment to be worth in 35 years?

2 . Gather data over the past 10 years for the level of the S&P 500. How many of those years did the S&P 500 have a return of at least 10%? If you had invested in $1,000 in an S&P 500 index fund 10 years ago, would you have doubled your money yet? Is your answer consistent with Jim Cramer’s message?

3 . When discussing following a buy-and-hold strategy, in which an investor makes a purchase and holds the same investment for the long term, Bogle says that the success of such a strategy depends on what is bought. What distinction does Bogle make between buying and holding an individual stock and buying and holding a broad-based index fund?

4 . How would you describe Bogle’s attitude toward risk in the stock market? Do you agree with this attitude? Why or why not?