Mark Hebner shares the quote, “Those who live by the crystal ball end up eating ground glass.” He says to “invest, never speculate.” He and Tom Cock present a chart that shows the difference in annualized returns between an average equity fund investor, a BofA 1-Yr U.S. Treasury Note Index, the S&P Index, and a global equity index portfolio. They also discuss the emotions and behaviors of active vs. passive investors, and Hebner introduces his new condensed, updated and revised book, Index Funds: The 12-Step Recovery Program for Active Investors.