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.

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

Business & Money

Swedroe, Larry E.

Investing

Truman Talley Books

It's well known that the technology world is changing at a rapid pace due in part to innovations in computers, the Internet, telecommunications, and biotechnology. It is less well known that the financial world is in a far different place than it was just a few years ago as witnessed by the bursting dot.com and NASDAQ bubbles in March 2000. But even when financial markets change-especially when the change is irrational-investors need to return and hold fast to the basic principles of prudent investing. Rational Investing in Irrational Times is a timely new handbook for every investor today. Using a question and answer format, rising star Larry Swedroe identifies the many mistakes even the smartest investors make whether markets are strong or troublesome. He attributes almost all current mistakes and losses to investors' human vulnerability (a tendency to stray from proven investment principles), a lack of investing experience, faulty investment strategies, or errors of portfolio development. Unlike most investment books, the author further shows how investment performance can be greatly improved by building a globally diversified portfolio of passive index funds and/or Exchange Traded Funds consisting of multiple asset classes. Apart from offering a winning strategy, Rational Investing in Irrational Times presents an efficient and proven way to avoid the most common (and costly) mistakes investors make.

Rational Investing in Irrational Times: How to Avoid the Costly Mistakes Even Smart People Make Today

The Successful Investor Today: 14 Simple Truths You Must Know When You Invest

What does it take to achieve superior performance and become a successful investor? Rather than great stock pricing or market timing skills, it is far better for you to understand how the markets work and how to make them work best for you. Larry E. Swedroe argues that the right strategy never changes, no matter whether the bull is stampeding or the bear has emerged from hibernation. The Successful Investor Today was written during one of the greatest bear markets of the post-World War II era--a bear market that was a result of the inevitable bursting of the technology-led bubble of the late 1990s (what Federal Reserve Chairman Alan Greenspan called "irrational exuberance"). Although millions of investors unnecessarily incurred trillions of dollars in losses, neither this bubble, nor the ensuing devastating losses, were anything new. Despite all the horrible investment experiences that have been reported, those investors who followed the fourteen simple truths outlined in this book--including the building of globally diversified portfolios-did not suffer the devastating losses experienced by many others. The fourteen simple truths withstand the tests of logic and time in the way the stock market really works, rather than the way Wall Street and the media would have you believe it works. Since it is generally held that those who fail to plan, plan to fail, an investor must begin with an investment plan. Your plan should be tailored to conform to your unique ability, willingness, and need to take risk. In The Successful Investor Today, you will learn how to build, write, implement, and manage your investment plan over time. This book will help you become a better and more informed investor, and it will help you achieve your financial goals by gradually increasing your wealth. Apart from offering an up-to-date winning strategy, The Successful Investor Today presents an efficient and proven way to avoid the most common--and costly--mistakes investors continue to make.

Larry E. Swedroe has long maintained that investors and fund managers have had no sustainable success when chasing hot individual stocks. They say that it is much wiser to buy "baskets" of stocks from prominent indexes - always selected from a variety of major well-run companies. Inevitable market rises and dips, followed by further market rises, plus the miracle of compounding, will build, over a minimum of two decades, real wealth.
This book brings together fourteen truths for index investing and discusses why careful and patient investing will capture many of today's big-company stock valuations that will be seen over time to have been tremendous buys.

Economics

St. Martin's: Griffin

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.

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

Investment professional Larry E. Swedroe describes the crucial difference between "active" and "passive" mutual funds, and tells you how you can win the investment game through long-term investments in such indexes as the S&amp;P 500 instead of through the active buying and selling of stocks. A revised and updated edition of an investment classic, The Only Guide to a Winning Investment Strategy You'll Ever Need remains clear, understandable, and effective. This edition contains a new chapter comparing index funds, ETFs, and passive asset class funds, an expanded section on portfolio care and maintenance, the addition of Swedroe's 15 Rules of Prudent Investing, and much more. In clear language, Swedroe shows how the newer index mutual funds out-earn, out-perform, and out-compound the older funds, and how to select a balance "passive" portfolio for the long hail that will repay you many times over. This indispensable book also provides you with valuable information about: - The efficiency of markets today - The five factors that determine expected returns of a balanced equity and fixed income portfolio - Important facts about volatility, return, and risk - Six steps to building a diversified portfolio using Modern Portfolio Theory - Implementing the winning strategy - and more.

The Only Guide to a Winning Investment Strategy You'll Ever Need: The Way Smart Money Invests Today

St.Martin's Press

Larry Swedroe, the author of The Only Guide to a Winning Investment Strategy You'll Ever Need, has collaborated with Joe H. Hempen to create an up-to-date book on how to invest in today's bond market that covers a range of issues pertinent to any bond investor today including: bond-speak, the risks of fixed income investing, mortgage-backed securities, and municipal bonds. The Only Guide to a Winning Bond Strategy You'll Ever Need is a no-nonsense handbook with all the information necessary to design and construct your fixed income portfolio. In this day and age of shaky stocks and economic unpredictability, The Only Guide to a Winning Bond Strategy You'll Ever Need is a crucial tool for any investor looking to safeguard their money.

The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Today

Hempen, Joseph H.

Finance

Your Essential Guide to Quantitative Hedge Fund Investing

Your Essential Guide to Quantitative Hedge Fund Investing provides a conceptual framework for understanding effective hedge fund investment strategies. The book offers a mathematically rigorous exploration of different topics, framed in an easy to digest set of examples and analogies, including stories from some legendary hedge fund investors. Readers will be guided from the historical to the cutting edge, while building a framework of understanding that encompasses it all. 
Features 
Filled with novel examples and analogies from within and beyond the world of finance 
Suitable for practitioners and graduate-level students with a passion for understanding the complexities that lie behind the raw mechanics of quantitative hedge fund investment 
A unique insight from an author with experience of both the practical and academic spheres.

Molyboga, Marat

Chapman and Hall/CRC

The final word on passive vs. active investing The debate on active investing-stock picking and market timing-versus passive investing-markets are highly efficient and almost impossible to outperform-has raged for decades. Which side is right? In The Quest for Alpha: The Holy Grail of Investing, author Larry E. Swedroe puts an end to the debate, proving once and for all that active investing is likely to prove futile as the associated expenses-costs, fees, and time spent analyzing individual stocks and the overall market-are likely to exceed any benefits gained. The book <ul>
<li>Presents research, data, and quotations that reveal it's extremely difficult to outperform the market</li> <li>Explains why investors should focus on asset allocation, fund construction, costs, tax efficiency, and the building of a globally diversified portfolio that minimizes, if not eliminates, the taking of idiosyncratic, uncompensated risks</li> <li>Other titles by Swedroe: The Only Guide to Alternative Investments You'll Ever Need and The Only Guide You'll Ever Need for the Right Financial Plan
</li> </ul>
Investors are on a never-ending search for a money manager who will deliver returns above the appropriate risk-adjusted benchmark, aka the "Holy Grail of Investing." The Quest for Alpha demonstrates that it's a loser's game-while it's possible to win, it's so unlikely that you shouldn't try.

Quest for Alpha (Bloomberg)

Bloomberg Press

Throughout the last fifteen years of the bull market, individual investors were able to participate and amass financial holdings by way of mutual funds. But the constant buying and selling to "beat the market" and grow their fund's wealth also entailed costs and capital gains. And who paid for it? The investor. Over the past 20 years smart investors began switching to index mutual funds to keep more of their money. Index funds buy and hold all of the stocks in an index, dramatically reducing trading costs and taxes. And now, with Larry Swedroe's expert advice, the small investor can take advantage of this investment strategy and win big. In The Only Guide to a Winning Investment Strategy You'll Ever Need, Larry Swedroe explains: * How index mutual funds out-earn older investment strategies * How to pick the right balanced "passive" portfolio that will reward investors with the highest expected return for the amount of risk the investor is willing to accept * How to play the winner's game with this big and rapidly growing investor trend. Based on over forty years of research by the world's leading financial economists, the advice Larry Swedroe offers in this new and valuable book shows that those willing to move beyond conventional wisdom will open themselves to a method of great financial growth. * The Only Guide to a Winning Investment Strategy You'll Ever Need is the first major book on the newest Index Mutual Funds and strategies, today's biggest investor trend.

The Only Guide To Winning Investment Strategy You'll Ever Need: Index Funds and Beyond--The Way Smart Money Creates Wealth Today

Dutton Adult

See the best price to sell, buy, or rent books by Swedroe, Larry E.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Swedroe, Larry E.

See the best price to sell, buy, or rent books by Swedroe, Larry E.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

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

Rational Investing in Irrational Times: How to Avoid the Costly Mistakes Even Smart People Make Today

The Successful Investor Today: 14 Simple Truths You Must Know When You Invest

The Successful Investor Today: 14 Simple Truths You Must Know When You Invest

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

The Only Guide to a Winning Investment Strategy You'll Ever Need: The Way Smart Money Invests Today

The Only Guide to a Winning Bond Strategy You'll Ever Need: The Way Smart Money Preserves Wealth Today

Your Essential Guide to Quantitative Hedge Fund Investing

Quest for Alpha (Bloomberg)

The Only Guide To Winning Investment Strategy You'll Ever Need: Index Funds and Beyond--The Way Smart Money Creates Wealth Today