home > paid book/ebook
What Wall Street Doesn't Want You to Know: How You Can Build Real Wealth Investing in Index Funds
Why do so many actively managed funds underperform? Why do passively managed funds provide superior returns, especially after taxes? What are the true interests of fund managers and the financial press? Most important, what strategy is in your best interest?
What Wall Street Doesn't Want You to Know answers all these questions and more, giving you the inside information you need to become a successful investor who plays the winner's game-creating wealth-instead of the loser's game Wall Street wants you to play, of trying to pick stocks and time the market. In his revolutionary new guide, investment professional Larry Swedroe explains why active managers have rarely been able to add value to your portfolio over time. He dispenses with traditional Wall Street wisdom and experts and shows you how to invest the way really smart money invests today.
What Wall Street Doesn't Want You to Know tells you exactly what Wall Street doesn't want you to know: how to avoid the pitfalls of short-term thinking and to invest so that you can create more wealth-much more wealth-over the long term.
A Good Summary of Recent Research on Investing
By Ron A Rhoades
- March 22, 2001
Larry Swedroe presents in 357 pages a broad overview of much of the recent research and discourse presented by rational observers of Wall Street. For the individual investor the author cuts through the hype of Wall Street and forcefully feeds a diet of statistics and research in support of low-cost index funds. For investment advisors this book can be used as an introduction to much of the recent research on stocks and investing. Fans of the writings of John Bogle (Common Sense on Mutual Funds), Jonathan Clements (Wall Street Journal columnist), and Burton Malkiel (A Random Walk Down Wall Street) will particularly enjoy the many reinforcing concepts presented in this text.Larry correctly argues that to maximize the investor's chances for success the investor should take into account his or her time horizon, allocate assets among categories accordingly, and then diversify using low-cost and (where appropriate) tax efficient index funds or tax-managed mutual funds. Through... read more
A Great Book Based on a Bad Theory
- February 7, 2001
This is one of the best books on investing I've read (I've been at this several years, and read several dozen). It seems better argued than John Bogle's Common Sense on Mutual Funds, which isn't bad. Especially helpful was the author's demonstration that index investing isn't the same as investing in the S&P 500. One wants to invest in value, mid-cap, international, and other indices, and Swedroe tells you how and in what proportion. The book's subtle is "the only guide to a winning investment strategy you'll ever need." It sounds grand, but for the average investor (this includes most who think they aren't average) it's probably true. I especially appreciated his advice not to go to the funds, even index funds, for bonds. He doesn't seem to be pushing a product. But there's something puzzling about the book. If it's one of the best books on investing I've read, it's certainly the best book on investing I've ever read based upon a wrong theory. That theory is Modern... read more
A note of dissent
- July 18, 2002
In addition to the fact that I, too, felt that I was enduring a commercial for DFA, I was annoyed by the fact that this book is nothing more than a rehash of The Only Guide to a Winning Investment Strategy You'll Ever Need: Index Mutual Funds and Beyond - The Way Smart Money Invests Today, Swedroe's May, 1998 book. He introduces a small number of new studies and illustrations, but if you've read the first book, there's no reason to look at this one.
$0.78 - $19.95
Wealth Building in the 90s: What Wall Street Won't Tell You
$2.29 - $29.99
If you think computer security has improved in recent years, The Myths of Security will shake you out of your complacency. Longtime security professional John Viega, formerly Chief Security ...
$4.19 - $16.95
AlterNet editor Joshua Holland demolishes the Right's biggest and most outrageous myths about the economyTaxes kill growth. Labor unions hurt their members. Government regulation ...
$8.33 - $15.99
Cynthia Shapiro is a former Human Resources executive who's pulling back the curtain on the way that companies really work. In Corporate Confidential, she unmasks startling truths and ...
$0.39 - $14.99
For millions of Americans, Migraine disease, tension headaches, and other headaches are a debilitating part of every day. Teri Robert has been there—in fact, she experienced her first ...
$1.99 - $15.99
The Most Comprehensive Resource Available on the Diagnosis and Treatment of Hypothyroidism For millions of Americans, hypothyroidism often goes untreated ... or is treated improperly. This book, ...
$2.99 - $24.95
There’s the Freedom of Information Act, and then there’s Ventura’s way. The official spin on numerous government programs is flat-out bullshit, according to Jesse Ventura. ...
$0.01 - $12.95
In this new edition of the consumer guide to car buying, the author cites recent undercover investigations to show how dealers use deceptive sales practices to trick shoppers into paying outrageous ...
$0.20 - $24.95
As a young woman, Democratic Congresswoman Carolyn Maloney asked her grandmother for career advice. She was shocked by the reply: "Get married." ...
$5.99 - $14.95
Sometimes doctors don't know best. Fortunately, mom and doctor Susan Markel is a pediatrician who questions conventional wisdom and instead partners decision-based medicine with the best ideas of ...