The Only Guide To Winning Investment Strategy You'll Ever Need: Index Funds and Beyond--The Way Smart Money Creates Wealth Today
In 1990 Harry Markowitz, Merton Miller, and William Sharpe shared the Nobel Prize in Economics for their individual contributions resulting in the development of modern portfolio theory. In this informative book, Swedroe, presently a principal in Buckingham Asset Management in St. Louis, provides investors with practical advice on how to employ this widely accepted investment theory in today's competitive marketplace. Along the way he explains why most advice from the news media and investment firms tends to have little basis in reality, why active portfolio management and market timing generally don't work, how institutional investors use "passive" (rather than "active") portfolio management to their advantage, and what questions you should ask before putting your trust in a financial adviser or firm. Highly recommended for academic, public, and special libraries.?Norman B. Hutcherson, Beale Memorial Lib., Bakersfield, CACopyright 1998 Reed Business Information, Inc.