The Quest for Alpha: The Holy Grail of Investing
“As I noted recently, success in investing is somewhat counterintuitive, and requires most investors to set aside their pre-conceived notions of how to build a portfolio that will allow them to reach their goals. The task is made all the harder because the vast majority of the participants in the financial services industry spend hundreds of millions of dollars annually reinforcing the myth of active management. Fortunately for investors, experts like Larry Swedroe are hard at work pointing out the fallacies of those myths, while also detailing the undeniable logic and mathematics that underpin a passive approach.The Quest for Alphais a wonderful addition to that effort, and investors will be well-rewarded by reading it and acting upon its wisdom.”— Nathan Hale, moneywatch.com, March 2011