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Index Funds
The 12-Step Program
for Active Investors
First
Edition
Hardcover
Four color 415 pages (8.5 x 11"), hardcover
edition with dust jacket. Ninety-four
original paintings and 250 color graphics.
It is the most colorful and graphically
pleasing book ever written on this often
dry subject. Destined to become the
first coffee table book on investing.
"The more I study
and learn about your approach, the more
I grow to appreciate its elegance...This
book explains the merits of passive 'index
investing,' and why trying to choose hot
stocks is a fool's errand."
-Matt Krantz, USA Today
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| About the book
and author:
The financial services
industry has a dark secret, one that costs
global investors about $2.5 trillion per
year (about 10% of the $25 trillion global
equity market.) This secret quietly drains
the investment portfolios and retirement
accounts of almost every investor. In
1900 French mathematician, Louis Bachelier,
unsuspectingly 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. The dark secret is that managers
don't beat markets. The fact is, markets
outperform managers by a substantial margin
over long periods of time. This book offers
overwhelming proof of this, and shows
investors how to obtain their optimal
rate 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. Index Funds: The 12-Step Program
for Active Investors is the treatment
of choice for wayward investors. Most
investors continue to embrace an active
investing strategy, despite the extensive
academic research demonstrating its futility.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. This 12-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. |
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 Mark T. Hebner is the president
of Index Funds Advisors in Irvine, California.
His flagship Web site, ifa.com, is considered
the leading Internet source of information on
index funds. Hebner has been founder, president
and CEO of three companies, one of which became
a publicly held corporation. Hebner, a successful
businessman, has spent the past six years developing
this book and its companion Web site, ifa.com.
Like many other investors, his conversion to the
index funds investment philosophy began when he
came to the realization that his own investment
portfolio was not performing anywhere near the
market averages. As he sees it, his own active
investing strategy cost Hebner a whopping $30
million. Since his discovery, he has worked tirelessly
to educate the investing public on the advantages
of investing in index funds. He led a team of
over 60 writers, artists, graphic designers, mathematicians,
statisticians, and researchers to build the Internet's
most comprehensive Web site on index funds. They
then turned their attention to creating this book.
It is the most colorful and graphically pleasing
book ever written on this often dry subject. Forty-four
original oil paintings, created by Lala Ragimov,
and more than 250 color graphics present nearly
80 years of current and historic stock market
data. This book is the culmination of hundreds
of years of academic research, and with it Hebner
hopes to cure the investing public of their active
investing behaviors. Because of the beautiful
art work and creative graphics it is destined
to become the first coffee table book on investing. |
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