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Books


Index Funds Book
Index Funds: The 12-Step Program for Active Investors (Hardcover)

by Mark T Hebner
ISBN: 0-9768023-0-9




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Harry M. Markowitz explains Portfolio Theory: what it is and how it's used from a top-down model from the asset classes to the investments. He covers Standard Deviation, Variance, Correlation, and Covariance. Markowitz also explains what happened in 2008 with Modern Portfolio Theory. (39 Min.)

Harry M. Markowitz - Portfolio Theory and 2008

Mark covers historic recovery patterns and probability of future returns, the risks and returns that come with big government, the role of commodities in your investments, the pros and cons of inflation-hedging securities, and an investment strategy that has been highly successful historically. (92 Min.)

Mark T. Hebner - Big Losses, Big Government and Your Investments

Harry Markowitz gives an IFA Exclusive Presentation on Portfolio Theory Vs. Financial Engineering, and Their Roles in Financial Crises. Markowitz explains the difference between Portfolio Theory and Financial Engineering. Markowitz also covers Black Monday (October 19, 1987), Long Term Capital Management, and Now. (47 Min.)

Harry Markowitz - Portfolio Theory Vs. Financial Engineering, and Their Roles in Financial Crises

The first step on the index funds journey is to recognize active investor behavior. If all investors were lined up in a row, could the active investors be identified? Active investors actively engage in stock picking, time picking (market timing), manager picking, and style picking.

Step 1: Active Investors - Podcast Interview with Mark Hebner

Mark Hebner explains the Nobel Laureates. Mark suggests a higher power of non-biased information from academics who carefully analyze data and have that data peer reviewed before it is published. Mark identifies the five basic concepts of the Modern Portfolio Theory.

Step 2: Nobel Laureates - Podcast Interview with Mark Hebner

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Wall Street: the other Las Vegas


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Index Mutual Funds: How to Simplify Your Life and Beat the Pro's

Emily Moore
Friday, January 01, 1999

I am very busy and don't have time to pour over investment books all day. But, as a beginning indexer, I have a lot to learn. That's where this book came in handy. I was able to read it in a few days in the few minutes I have to sit down and read. It would probably take an hour or so to read in one sitting. The author's use of fictional characters was particulary helpful in explaining the origin of Index Funds. After reading this book I feel better informed about investing in index funds--indexing is certainly a great way to go.

The book also has good information about comparing mutual funds. The author does a good job showing how to compare the costs of investing and avoid paying too much for your mutual funds.

If you want a quick, informative read I recommend this book. The price is somewhat high for what you get, but if you value your time as I do it may be worth it.

 

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