The Unbeatable Market: Taking The Indexing Path To Financial Peace Of Mind Download Free (EPUB, PDF)
With this book learn how to avoid the active management scam that can cost plenty and eat into the retirement nest egg. Ross counsels on giving up on all those beat-the-market strategies pushed by Wall Street whiz kids. This book will set the reader on the safe road to investment efficiency and enhanced financial peace of mind.
Hardcover: 240 pages
Publisher: George Ross (November 30, 2002)
Language: English
ISBN-10: 0972223002
ISBN-13: 978-0972223003
Product Dimensions: 6.2 x 0.9 x 9.2 inches
Shipping Weight: 1.2 pounds (View shipping rates and policies)
Average Customer Review: 5.0 out of 5 stars See all reviews (18 customer reviews)
Best Sellers Rank: #969,495 in Books (See Top 100 in Books) #161 in Books > Business & Money > Investing > Mutual Funds #2138 in Books > Business & Money > Investing > Introduction #5349 in Books > Business & Money > Finance
Wow, this book is simply a must have. I am the holder of an MBA, and am currently researching various aspects of passive investing towards a Ph.D, so am very familiar with the terrain. I bought the book thinking that it would trot out the same old arguments in favour of indexing. Prof. Ross does this, but in a manner that is lucid, unique in its approach and totally convincing. He does not pull his punches, and truly has a remarkable knack of conveying his message in a manner that makes the subject appealing. Even if you do not subscribe to the passive investing philosophy it would do you good to buy the book as it will challenge your existing thinking. If you are one of those that has been burnt by recent market events I encourage you to buy this book first before all others. The next in line would be Four Pillars by William Bernstein.
nobody can beat the market consistently, ron ross says, and so nobody should really try. go with the market and you'll stay solvent even in the worst of times. in clear, intelligent english, backing every argument with lots of evidence, ron ross, once a professor of economics and now an investment adviser, provides an overview of modern investment theory that actually makes sense. if the last couple of years have blown your confidence in the stock market, this book will restore your faith.
I just finished this book and it has completely changed what I think about the stock market. The author starts off with background information on basic economics which is then used throughout the book to prove why and to what degree the stock market is impossible to beat. Before reading this book I was an avid technical analyst and despite my horrific returns, I felt that beating the market just took some more talent, skill, and a bit of luck. After reading this book--and realizing how sensible each of the author's arguments are--I've decided to face the facts and hang up my trendlines for good. Although the book is quite frankly disheartening, I am glad that I read it before I wasted any more of my hard earned money trying to find hot stocks. The only thing that I felt should have been more thoroughly covered in the book was the effect that emotion plays in the stock market. Clearly the market isn't quite as efficent as the author believes when we see stocks such as and yahoo get bid up to such astronomical levels in the late 90s. And it would be tough to explain how efficient stock prices are to those who were smart enough to short those stocks in 2000. All in all though, this is an amazing and eye-opening book to say the least. Anyone who tries to beat the market through actively managed mutual funds or through trading NEEDS to read this book. Well written, easy to understand, and convincing as hell. Take the commission fee from your next trade and use it to buy this book instead.
Are you frustrated by your investment mistakes? Do you have very little confidence that you will know how to avoid the same mistakes in the future? Join the club!! Here is a book that explains why you feel so helpless, and offers, in my opinion, the only sensible way to invest. Understand this: the best you can hope for is to achieve market returns while managing risk. You will not beat the market, and all the hype of the talking heads and investment magazines is noise, not information. This is a wonderfully informative book that has helped me understand why I have made poor investment choices in the past, and given me a plan of action for the future. If you think you know how to invest and beat the market, lotsa luck. If you want to invest sensibly, read this remarkable book.Note: this is not a book that appeals to your greed with a get rich quick philosophy. Quite the contrary. Dr. Ross takes you on a guided tour of how and why the markets work, why all the hype of Wall Street can be so misleading to investors, and how you can invest efficiently. And efficiency, as Dr. Ross explains, means avoiding waste - wasted money, wasted time, wasted aggrivation. Work smarter, not harder, as I like to say.
I am an author of three books on Modern Portfolio Theory and as the director of research for an investment advisory firm I read many books on investing every year---this is one of the best books I have read in recent years, doing a great job of explaining why the markets are efficient. Ron is an excellent teacher, using simple analogies to make often difficult concepts easy to understand.Anyone interested in learning how the market really works, and not how Wall Street wants and needs you to believe it works, (and that should be everyone)should read this book
Correctly understanding the securities markets and how the financial industry ticks is critical to one's financial health. No other book I know does a better job in wading through the patently false, unscientific nonsense that banks, brokerages, the financial media and nine out of ten book authors typically disseminate. Why to they do that? Simple. It maximises their commissions or circulations at the expense of investors' net returns. Why is it simple? Because a large number of investors believe the rubbish that Wall Street and the media yells at them since it sounds somehow plausible and sophisticated. Other "eductated" investors allow their greed and "overconfidence" to get the better of them and hence fall for the same hogwash. This book explains it all and it is surprisingly entertaining. Strong buy!!
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