{"product_id":"index-funds-the-12-step-recovery-program-for-active-investors-hardcover","title":"Index Funds: The 12-Step Recovery Program for Active Investors - Hardcover","description":"\u003cp\u003eby \u003cb\u003eMark T. Hebner\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eNonfiction Book Awards Silver Medal Recipient 2024\u003c\/b\u003e \u003cbr\u003e\u003cb\u003eWinner of Best Business Book at the New England Book Festival 2023 \u003cbr\u003e ​Winner of Best Business\/Technology Book at the Southern California Book Festival 2023\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\"A no-nonsense guide to disciplined investing, full of deep insights framed in compelling ways.\" \u003cbr\u003e --\u003ci\u003eKirkus Reviews\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003eThe financial services industry has a dark secret, one that costs global investors trillions of dollars every year!\u003c\/b\u003e \u003cbr\u003e This secret quietly drains the investment portfolios and retirement accounts of almost every investor. In 1900, French mathematician Louis Bachelier unwittingly revealed this disturbing fact to the world. Since then, hundreds of academic studies have supported Bachelier's findings. Unfortunately, investors pay little attention to academics and Nobel laureates. \u003cbr\u003e What is the dark secret? It's that managers don't beat markets. In fact, markets outperform managers by a substantial margin over long periods of time. \u003ci\u003eIndex Funds: The 12-Step Recovery Program for Active Investors \u003c\/i\u003eoffers overwhelming proof of this and shows investors how to obtain optimal rates of return by matching their risk capacity to an appropriate risk exposure. A globally diversified portfolio of index funds is the optimal way to accomplish this. \u003cbr\u003e Most investors continue to embrace an active investing strategy despite the extensive academic research demonstrating its futility. Market timing or speculating on the next winning stock, fund manager, or investment style 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. This twelve-step program will put active investors on the road to recovery. Each step is designed to bring investors closer to embracing a prudent and sound strategy of buying, holding, and rebalancing an index portfolio. \u003cbr\u003e\u003ci\u003eIndex Funds: The 12-Step Recovery Program for Active Investors\u003c\/i\u003e is the treatment of choice for wayward investors. It has been praised by Jack Bogle, Harry Markowitz, Burton Malkiel, David Booth, Paul Samuelson, and Theodore Aronson, among others. Investment advisor Anders Oldenburg of Seligson \u0026amp; Company nominated the previous version as one of the three \"All-Time Greatest Investment Books,\" along with the writings of John Bogle and Warren Buffett. \u003cbr\u003e This one-of-a-kind little jewel is an eye-pleasing manifestation of hundreds of studies and decades of research, and it clearly represents Hebner's ongoing commitment to educate investors throughout the world. It is destined to emerge as the go-to handbook for intelligent, evidence-based investing. \u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMark T. Hebner\u003c\/b\u003e, a highly regarded authority on investing, is an acclaimed author and is featured in an award-winning documentary film titled \u003ci\u003eIndex Funds\u003c\/i\u003e. He also appears in the new Errol Morris documentary film titled \u003ci\u003eTune Out the Noise\u003c\/i\u003e. \u003cbr\u003e Like many investors, Hebner's conversion to passive investing was sparked by his realization that the traditional brokerage paradigm had substantially hampered his own investment success, causing him to significantly underperform an index fund by as much as $30 million. This striking revelation served as the impetus for his tireless efforts to educate and inform investors so they can make better investment decisions. \u003cbr\u003e Hebner is on a mission to change the way the world invests by replacing speculation with an education. With this in mind, he leads a team of writers, artists, graphic designers, mathematicians, statisticians, and researchers to build as well as maintain ifa.com, which is considered one of the internet's most comprehensive and creative websites on investing. Hebner's website, book, and documentary films elegantly set forth long-term data and research that educate and empower investors to make sound investment choices. \u003cbr\u003e This special twentieth anniversary and tenth edition of \u003ci\u003eIndex Funds: The 12-Step Recovery Program for Active Investors\u003c\/i\u003e includes new data and research as well as a large section on the Galton board and how it applies to the stock market. \u003cbr\u003e\u003ci\u003eIndex Funds\u003c\/i\u003e is arguably the most artistic and data-packed book ever written on investing. It contains more than fifty-four original oil paintings created by distinguished artist Lala Ragimov. It also includes eighty-nine color charts and graphics, many of which reflect as much as ninety-four years of stock market data. Hebner's publisher is confident that no other book on investing has achieved this level of artistic, scientific, and articulate magnificence. \u003cbr\u003e \u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 402\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.81 x 7.28 x 5.31 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e December 19, 2023\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51765206122784,"sku":"9781955026932","price":29.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/b283f3fc838b28efa06885fa0badb8c9_8afd0080-c104-4ce6-8638-3b55f4ff17ef.webp?v=1780263723","url":"https:\/\/ebocreations.com\/products\/index-funds-the-12-step-recovery-program-for-active-investors-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}