{"product_id":"index-funds-the-12-step-recovery-program-for-active-investors-paperback","title":"Index Funds: The 12-Step Recovery Program for Active Investors - Paperback","description":"\u003cp\u003eby \u003cb\u003eMark T. Hebner\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\"A no-nonsense guide to disciplined investing, full of deep insights framed in compelling ways.\" \u003cbr\u003e --\u003ci\u003eKirkus Reviews\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003eThe financial services industry has a dark secret, one that costs global investors trillions of dollars every year!\u003c\/b\u003e \u003cbr\u003e This secret quietly drains the investment portfolios and retirement accounts of almost every investor. In 1900, French mathematician Louis Bachelier unwittingly revealed this disturbing fact to the world. Since then, hundreds of academic studies have supported Bachelier's findings. Unfortunately, investors pay little attention to academics and Nobel laureates. \u003cbr\u003e What is the dark secret? It's that managers don't beat markets. In fact, markets outperform managers by a substantial margin over long periods of time. \u003ci\u003eIndex Funds: The 12-Step Recovery Program for Active Investors \u003c\/i\u003eoffers overwhelming proof of this and shows investors how to obtain optimal rates of return by matching their risk capacity to an appropriate risk exposure. A globally diversified portfolio of index funds is the optimal way to accomplish this. \u003cbr\u003e Most investors continue to embrace an active investing strategy despite the extensive academic research demonstrating its futility. Market timing or speculating on the next winning stock, fund manager, or investment style are all akin to gambling. Below-market returns in investment portfolios and pension accounts are the result of investors gambling with their hard-earned money. This twelve-step program will put active investors on the road to recovery. Each step is designed to bring investors closer to embracing a prudent and sound strategy of buying, holding, and rebalancing an index portfolio. \u003cbr\u003e\u003ci\u003eIndex Funds: The 12-Step Recovery Program for Active Investors\u003c\/i\u003e is the treatment of choice for wayward investors. It has been praised by Jack Bogle, Harry Markowitz, Burton Malkiel, David Booth, Paul Samuelson, and Theodore Aronson, among others. Investment advisor Anders Oldenburg of Seligson \u0026amp; Company nominated the previous version as one of the three \"All-Time Greatest Investment Books,\" along with the writings of John Bogle and Warren Buffett. \u003cbr\u003e This one-of-a-kind little jewel is an eye-pleasing manifestation of hundreds of studies and decades of research, and it clearly represents Hebner's ongoing commitment to educate investors throughout the world. It is destined to emerge as the go-to handbook for intelligent, evidence-based investing. \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 401\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.74 x 7.01 x 5.14 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 08, 2024\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42695271546943,"sku":"9781962202794","price":16.79,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/b283f3fc838b28efa06885fa0badb8c9.webp?v=1765003215","url":"https:\/\/dhlswag.com\/products\/index-funds-the-12-step-recovery-program-for-active-investors-paperback","provider":"BBB","version":"1.0","type":"link"}