Using a 12-Step Program for Active Investors, author Mark T. Hebner delivers investing facts straight-up, with supporting quotes from Nobel Prize winners. The dozens of original art paintings throughout the book (by Lala Ragimov) lend humanity and humor to a serious and thought-provoking subject.
Hebner begins with the little-known fact that markets usually outperform managers, and he sets out to prove this conclusion in a modern, understandable, and intelligent book. After his "lack of understanding of how markets worked had cost me a mind-boggling amount of money, " Hebner researched his portfolio's performance and realized his knowledge could help investors "break these destructive patterns of investing."
The author makes a profound argument for going against the common assumption that investors need to actively manipulate their portfolios in order to out-guess the unpredictable and random attributes of the movements of stocks, markets, managers, and styles.--Joan Phelps - Forward Magazine
Good concepts but author sure thinks a lot of himself and overwhelms you with dataPublished 4 months ago by Mark R
Whilst the premise of what the author is saying is generally correct, once you come to the end and visit the website you realise some of what you read may have unfortunately been... Read morePublished on February 18, 2011 by Sam
I bought this book for a project in my MBA class. I wish I would have read this book when I was 22. Read morePublished on July 18, 2010 by Mike
Note: I am posting this on behalf of Sameer Desai. You can reach him at [...].
Mark Hebner's 12-Steps book on Indexing is among the best that I have read... Read more
Index Funds: The 12-Step Program for Active Investors
Anyone thinking about investing in stocks should read this book first. Read more
Hebner really opened my eyes to the fast paced, high transaction costs of mutual funds and individual stocks. Read morePublished on March 31, 2009 by Joseph A. Hoegg
Hebner, covers all the bases to intelligent investing in a delightful manner. Once you understand that outperforming markets is a battle that can't be won over time you will be... Read morePublished on May 29, 2008 by R. Trinwith
If you've ever wondered why, despite your consuming interest in investing and the markets, you're still poor - this book will tell you. Read morePublished on May 25, 2008 by Brian D. Hanks
This book is one of the true gems ever written on the subject of mutual fund investing. Mr. Hebner's book on index fund investing offers a 12 step cure for active investors who... Read morePublished on April 13, 2008 by J. Vorreyer