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The Successful Investor Today

14 Simple Truths You Must Know When You Invest

Larry E. Swedroe

St. Martin's Griffin

Larry Swedro has long maintained that investor and fund managers have had no sustainable success when chasing hot individual stocks. They say that it is much wiser to buy "baskets" of stocks from prominent indexes - always selected from a variety of major well-run companies. Inevitable market rises and dips, followed by further market rises, plus the miracle of compounding, will build, over a minimum of two decades, real wealth.

This book brings together fourteen truths for index investing and discusses why careful and patient investing will capture many of today's big-company stock valuations that will be seen over time to have been tremendous buys.

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Successful Investor Today
TRUTH 1Active Investing Is a Loser's Game: It Must Be SoActive management is a beauty contest in which the average contestant is kind of ugly.--John Rekenthaler, Wall Street Journal 
It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office.--Paul Samuelson 
We are not afraid to follow the truth wherever it may lead, nor to tolerate any error so long as reason is left free to combat it.--Thomas Jefferson 
Those whom the gods would destroy they first make active managers.--Anonymous 
There are widespread
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ABOUT THE AUTHOR

  • Larry E. Swedroe

  • LARRY E. SWEDROE graduated from New York University with an MBA in finance. The author of previous books, including What Wall Street Doesn't Want You to Know, lives in St. Louis, Missouri.
  • Larry E. Swedroe
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The Successful Investor Today

14 Simple Truths You Must Know When You Invest

Larry E. Swedroe

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St. Martin's Griffin

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