"Mark Hebner's magnificent book presents solid financial
theory and practice wrapped in an elegant package."
- Harry
Markowitz Ph.D., Nobel Laureate in Economics, “Father
of Modern Portfolio Theory," Professor of Economics at University
of California at San Diego, author
of Portfolio Selection: Efficient Diversification of Investments as
well as numerous other books, articles and papers.
"...an incredibly handsome and wise book. We must be near
a "tipping
point" of passive over active. Perhaps Hebner's book will
mark the moment. Congratulations!"
- John
C. Bogle, Founder and Past CEO of The Vanguard Group
August 4, 2010 - Forty-five years ago, Eugene Fama dropped the equivalent of an atomic bomb on the active management industry (stock and time pickers) with his paper titled, "Random Walks in Stock Market Prices." It is profound and if you have not read it very carefully, you need to. It will enrich your retirement. See the random walk of prices physically displayed HERE.
July 22, 2010 - "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair, (1935) - See Dan Solin's new post about this quote.
July 5, 2010 - An important message from DFA’s Weston Wellington is titled “Is It Different This Time?" Click here to view it. This insightful and informative presentation reveals that time after time, headlines have been poor predictors of future market movements. Also see this video.