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Index Funds: The 12-Step Program for Active Investors

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Author: Mark T. Hebner

Publisher: IFA Publishing

Year Printed: 2007

Edition: First

Printing: Second

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Height: 11.2 inches

Width: 8.8 inches

Notes: Hebners book addresses why an overwhelming majority of investors continue to embrace an active investing strategy, despite the extensive academic research demonstrating its ineffectiveness to beat a market index and the overall futility of such a strategy. Speculating on the next winning stock, fund manager, investment style or market timing are all akin to gambling. Below market returns in investment portfolios and pension accounts are the result of investors gambling with their hard earned money.

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