Index Funds: The 12-Step Recovery Program for Active Investors [NOOK Book]

Overview

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 ...

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

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Overview

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.

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Editorial Reviews

From the Publisher

"Hebner gives us good advice presented in a very appealing manner. Index Funds remains one of the most valuable investment guides available."
--Burton Malkiel, Ph,D., Professor of Economics, Princeton University and author of A Random Walk Down Wall Street

"It is really beautiful and really well done. I plan to use it as a reference guide."
--David Booth, Chairman and Co-Chief Executive Officer, Dimensional Fund Advisors, Inc., Benefactor of the University of Chicago Booth School of Business

"... as the book documents so well, a foolish attempt to beat the market and get rich quickly will make one’s broker rich and oneself much less so."
--Harry Markowitz, Ph.D., Nobel Laureate in Economics, Professor of Economics at the University of California at San Diego, Rady School of Management

"This book is WONDERFUL!"
--Theodore Aaronson, Founder of Aaronson Johnson Ortiz, Institutional Investment Manager

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Product Details

  • ISBN-13: 9780976802358
  • Publisher: Ifa Publishing Inc
  • Publication date: 6/1/2013
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 322
  • Sales rank: 615,960
  • File size: 28 MB
  • Note: This product may take a few minutes to download.

Meet the Author

Mark T. Hebner is the founder and president of Index Fund Advisors, Inc., (IFA), author of Index Funds: The 12-Step Recovery Program for Active Investors, and creator of ifa.com. His current and previous Index Funds books received praise from financial industry and academic luminaries, including John Bogle, David Booth, Burton Malkiel, and Nobel Laureates Harry Markowitz and Paul Samuelson.


This book details the possible perils associated with stock picking, mutual fund manager picking, market timing, and other wealth depleting behaviors. Hebners 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 is considered a leading authority and provider of investment education. His mission is to "change the way the world invests by replacing speculation with an education." He accomplishes this through regular webcasts on IFA.tv, articles, and blogs. Hebner is especially knowledgeable about the research indexes designed by renowned financial economists that provide the building blocks to the passive indexing investment strategy that Hebner recommends.


IFA is registered with the U.S. Securities and Exchange Commission as a fee-only independent financial advisor. Located in Irvine, California, IFA has approximately $2.6 billion of assets under management, about 2,000 clients, and 40 employees located throughout the country as of December 31, 2014.

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Customer Reviews

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Sort by: Showing 1 Customer Reviews
  • Posted February 18, 2015

    Mr. Hebner's book is the best comprehensive book I have ever rea

    Mr. Hebner's book is the best comprehensive book I have ever read about index fund investing. His book is written in easy to understand language and covers virtually every important topic in the investing field.

    As a former pension fund professional and executive team member of a large pension fund system, I appreciate the level of data accuracy in the 12-Step Recovery Program for Active Investors. For example, I appreciate the asset allocation information in this book. The asset allocation suggestions are world class and reflect evidenced based information from some of the greatest financial and investment minds of our time.

    As a life time student of financial history, I also appreciate the writers understanding of past stock market crashes, panics, and manias. Few investment professionals take the time to learn about financial history and how past lessons apply to today's investing world. Having a detailed background in financial history helps investors stay calm in the face of economic storms. More specifically, the information in this book will help you make wise investment decisions during each type of economic uncertainly and change. The 12-step program is the lighthouse you need to see clearly in the face of economic and investment storms.

    Individual and institutional investors alike will greatly benefit from the lessons in this book. If you want to greatly accelerate your investment knowledge, the 12 step program is a must read.

    Was this review helpful? Yes  No   Report this review
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