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Customer Review

33 of 35 people found the following review helpful
5.0 out of 5 stars Convincing, Educational and Powerful, December 10, 2010
This review is from: The Power of Passive Investing: More Wealth with Less Work (Hardcover)
Having read Ferri's other investing books, I can attest that this one just might be his finest. It's preface begins with a letter from John Bogle, founder of the Vanguard Group and a champion of the individual investor. Ferri's other books tend to be product or topic specific but this one is different.

The Power of Passive Investing takes a broader look at the historical developments of index investing - one of the biggest trends to ever hit Wall Street. It analyzes the merits of indexing an entire investment portfolio vs. investing in mutual funds, stocks or other strategies that attempt to outperform. Like a court case before a jury, Ferri meticulously presents the evidence from both sides of the argument, adding his take along the way and letting the reader decide for themselves who they want to believe - Wall Street or the facts.

Toward the end, Ferri makes arguments in favor of indexing for all demographics, including charities, pension funds, individuals and even financial advisors. This book does more than just add to the debate of indexing vs. active management, it conquers the subject with stunning ease.
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Showing 1-1 of 1 posts in this discussion
Initial post: Dec 14, 2010, 2:42:13 PM PST
Last edited by the author on Dec 15, 2010, 5:15:49 AM PST
SNOOKIE says:
I agree with your comments of this very fine book. It is thououghly researched with a bibilography of 150 entries. But even better Rick has personally done extensive research on the advantage of using index funds versus using actively managed funds.

What I liked the most is all was the comparisons written in clear English for each and every point rather than using charts and tables. True he uses charts and tables but he also clearly describes what they are showing. For example index funds clearly are superior to actively actively managed mutual funds in all reespects: higher returns, lower risk, fewer taxable events and even lower expenses. But did you know that the more actively managed mutual funds you have in your portfolio the higher the odds are that you will underperform a portfolio of index funds. Did you know that a portfolio of actively managed mutual funds under performs a portfolio of index funds. Put another way did you know that as the number of actively managed funds increases in a portfolio the odds that your portfoilo will underperform a portfolio of index funds. Now the final fact is that the longer you hold a portfolio of actively managed funds the worse the odds become for the active fund portfolio, until eventually there's practically no chance of outperformance.
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