What Wall Street Doesn't Want You to Know: How You Can Build Real Wealth Investing in Index Funds

by Larry E. Swedroe

Overview

Why do so many actively managed funds underperform? Why do passively managed funds provide superior returns, especially after taxes? What are the true interests of fund managers and the financial press? Most important, what strategy is in your best interest?

What Wall Street Doesn't Want You to Know answers all these questions and more, giving you the inside information you need to become a successful investor who plays the winner's game—creating wealth—instead of the loser's game Wall Street wants you to play, of trying to pick stocks and time the market. In his revolutionary new guide, investment professional Larry Swedroe explains why active managers have rarely been able to add value to your portfolio over time. He dispenses with traditional Wall Street wisdom and experts and shows you how to invest the way really smart money invests today.

What Wall Street Doesn't Want You to Know tells you exactly what Wall Street doesn't want you to know: how to avoid the pitfalls of short-term thinking and to invest so that you can create more wealth—much more wealth—over the long term.

Product Details

ISBN-13:	9780312335724
Publisher:	St. Martin's Publishing Group
Publication date:	11/09/2004
Edition description:	First Edition
Pages:	400
Product dimensions:	6.00(w) x 9.00(h) x 0.91(d)

About the Author

Larry E. Swedroe is the chief research officer for Buckingham Strategic Wealth and Buckingham Strategic Partners. Larry holds an MBA in finance and investments from New York University and a bachelor’s degree in finance from Baruch College. Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, The Only Guide to a Winning Investment Strategy You’ll Ever Need. He has since authored nine more books and co-authored seven books on investing and financial planning. His books have been published in seven languages. Larry is a prolific writer and contributes regularly to EvidenceInvestor.com, AdvisorPerspectives.com, and AlphaArchitect.com.

Editorial Reviews

This wonderfully iconoclastic book drums home the message that beating the stock market is a loser's game. Larry Swedroe's new book tilts-successfully-at the windmills of professional managers, Wall Street analysts, owing 'the best 100 companies' (or the best ten funds), hedge funds market timers, investment newsletters, and short-term strategies. Once you're convinced by the powerful case the author has made, he then offers seven steps to playing a winner's game. The diagnosis is right on the mark, and his essential prescription-rely on portfolio construction, index funds, broad diversification, minimal costs and taxes, risk control, and time-also comes close to the center of the target: the optimal accumulation of your financial wealth.” —John C. Bogle, founder and former chairman of The Vanguard Group

From the Publisher

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 funds--even those managed by professionals--tend 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 Cahners Business Information.

Publishers Weekly - Publisher's Weekly