Index Funds: The 12-Step Recovery Program for Active Investors

by Mark T. Hebner, Harry M. Markowitz (Foreword)

UPDATED for 2015 - This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with index funds. Hebner's book details the possible perils associated with stock picking, mutual fund manager picking, market timing, and other wealth depleting behaviors. This 12-Step Program teaches the differences between active and passive investing, explains the emotional triggers that impact investment decisions, and offers an enlightening education on science-based investing that may forever change the way an investor perceives the stock market. Hebner sets forth a sound strategy that involves risk-appropriate investing that may empower investors to lead a more profitable and relaxed life. See more youtu.be/gjyjyBPF-bI

Genres: Finance, Personal Finance, Business

318 pages, Hardcover

First published January 18, 2012

Reviews

[Daniel · Rating 4 out of 5]

I learned a lot from reading this book. It sure opened my eyes. My favorite chapter was the one on stock pickers. I thought that if a person looked hard at a company and made sure it was good that that was the way to invest. I thought stock pickers knew what they were talking about and could tell the future. I think this is a good book on index fund investing.

[Edwin Santesson · Rating 5 out of 5]

Invest and relax, så simpelt men så sant

[Brian Schnack · Rating 5 out of 5]

The antidote for active investing. Or rather a reasoned walk through on why your financial planner is the one driving the Benz, not you.

Or better yet, a simple guide to trusting your retirement to the long term upside of a balanced, passively-managed portfolio across indices of global, (ostensibly) free markets.

[Andres Pimentel · Rating 5 out of 5]

Very informative

This should be a foundational book for someone who wants to have an understanding of the different dimensions of risk. It's imperative knowledge for portfolio construction.

[Pallavi Deshpande · Rating 4 out of 5]

Beautiful book. A very innovative designed way to explain finance/index funds. I just loved the book and its design.