From Publishers Weekly
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A great explanation of how mathematically it is impossible for ordinary investors to "beat the market".
Edesess comes across as an industry insider who is disgruntled because they wouldn't cut him in on a big enough piece.
Some, certainly not all, investment advisors do add value in the area of asset allocation and emotional support.
well written book with many real life anecdotes.
the author keeps it simple, which makes the book accessible to anyone but somewhat unsatisfying for professional investors. Read more
Quick read. Also, liberating. My husband and I have been following a self-managed index fund-driven investment strategy; the information in this book eliminating any lingering... Read morePublished 16 months ago by SCWI
The book unmasks the big lie, yes. But mostly, all the the little lies, the white lies, the myths, and misdirects of wall street. Read morePublished 20 months ago by George Peacock
Read the latest (and each and every year that precedes 2011) and you will see that this dummy is ignorant at best, malevolent at worst. Read morePublished on February 20, 2012 by CameronCrazyJD
This book details the real inner workings of both Modern Portfolio Theory and the so-called "Fiduciary Responsibility" of the Investment Advisor Class. Read morePublished on November 8, 2011 by Adrian D. Powell
Read page 15 before buying this book!!! "In other fields, too, professional advice can be of doubtful value. Read morePublished on July 17, 2011 by The Fact Checker
In The Big Investment Lie (Berrett-Koehler Publishers 2007), Michael Edesess provides a revealing, comprehensive, insider's view of the investment advice business. Read morePublished on October 21, 2010 by R. Coleman
Aimed primarily at the average (read: ignorant) retail investor, this book makes strong arguments. Unfortunately the same can't be said for the way in which they are made, and the... Read morePublished on May 10, 2008 by Spencer Mcnally
This could have been a tremendous book. There is a huge need for information on the mechanics of the investing industry. Read morePublished on January 9, 2008 by Marshal Berthier