"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
Since we have had significant market volatility lately, it would be
beneficial for investors to pay special attention to Step
4: Time Pickers of our 12-Step Program for Active Investors,
which outlines the failure of managers who try to dart in and
out of markets in attempts to cheat risk and obtain market
beating returns. (see
this pdf ). Capitalism is amazingly resilient, don't give up.
Listen to Step 4: Time Pickers
This step is especially helpful in understanding our purely passive indexing
strategy. This step and others will explain the advantages of looking at
your investments over a time
horizon that is appropriate for you, while tuning out the daily ebbs and
flows of market volatility.
I hope that you will embark on a path to earn the highest
expected returns for your level of risk, by investing
in a low-cost, tax-efficient, risk-controlled and globally
diversified portfolio of index funds (see an example: Index
Portfolio 50). Our strategy does not involve the close
monitoring of the hourly, daily, or weekly ups and downs
of the market. Instead, we focus cost controls, risk maintenance,
minimizing taxes, and having our eyes squarely fixed on the
prize that comes from an investment in global
capitalism over the appropriate time
horizon for you. If you have a question about
your time horizon or other dimensions of your
risk capacity, please give us a call at 888-643-3133.
The
Hebner Model: Why Prices Change - hebnermodel.com (Enlarge Painting) The job of the free market is to set prices so that investors are compensated for the risk they bear.
(Read more...)
"Mark Hebner's magnificent book presents solid financial
theory and practice wrapped in an elegant package."
. 
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