Investment adviser Larry E. Swedroe (The Only Guide to a Winning Investment Strategy You'll Ever Need) wants individual investors to understand What Wall Street Doesn't Want You to Know: How You Can Build Real Wealth Investing in Index Funds. With clarity and conviction, he cuts through market mythology (principally that actively managed fundsAeven those managed by professionalsAtend to beat market returns), and explains how to apply his fundamental Modern Portfolio Theory to "passively" manage investments and "deliver the greatest expected return for any given level of expected risk."
Copyright 2000 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
Swedroe focuses exclusively on index funds. A favorite of financial guru Jane Bryant Quinn, Swedroe previously touted index funds with The Only Guide to a Winning Investment Strategy You'll Ever Need (1998). Index funds represent a "passive" approach to investing, but one still must choose among the several types available, and Swedroe offers helpful guidance. His main focus, though, is on making his case that index funds are the surest way to invest over time. He argues that no Wall Street portfolio manager can consistently outperform the market and that no investor can know more than the market does collectively. Swedroe shows why "past performance is not a predictor of future performance" is more than just a throwaway disclaimer as he takes on Wall Street and its "deceptive advertising practices," research costs, and trading fees. David Rouse
Copyright © American Library Association. All rights reserved --This text refers to an out of print or unavailable edition of this title.
Larry tells it like it is. If you want to learn the true secrets of investing from someone without an agenda, READ THIS AWESOME BOOKPublished 21 months ago by Jim
I have read at least hundred books on investing and this is by far the best for the average investor. Read morePublished on July 30, 2009 by Jeff
Pre-2000 meltdown, I had control of $75k in an IRA. I watched and believed I could join all those people making so much before the Internet bubble burst. Read morePublished on April 20, 2007 by Dan Allan
Buy this book...you will make money if you follow the advise to go with index funds...skip the brokers and money managers...they are salespeople trying to hack out a living.Published on February 17, 2007 by Susie G.
Not for those who are active fund managers. The author makes quite a logical, compelling case to invest in his style. Read morePublished on November 30, 2006 by CJ
Investors should recall that a 1990 Nobel Prize was awarded to three financial economists whose ideas helped legitimize what is known as 'modern portfolio theory' (MPT). Read morePublished on March 20, 2003 by dennis wentraub
Some interesting points, but his claim about the efficiency of the market being always reflected in the stock price and there being "no evidence" to the contrary is... Read morePublished on December 20, 2002
If you're someone who has struggled over the years with your portfolio -- what to buy, when, how much... if you feel as if you're always buying the wrong mutual fund... Read morePublished on July 10, 2002 by Tom
I have gotten to know Larry Swedroe through the Vanguard Diehard's forum. His answers there to questions prompted me to purchase this book, coming from a full service brokerage... Read morePublished on May 28, 2002 by Jayson S Sacco