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These books were used in the development of the investment
strategies of Index Funds Advisors. The first book summarizes
what is found in most of the books below it. The lack of
reading these books is at the heart of the failure of investors.
Learn and enjoy!
Index Funds: The 12-Step Program for Active Investors
by Mark Hebner (founder of ifa.com)
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Category
One: Understanding the Secret World of Wall Street |
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This
first category is about the misaligned incentives
and lack of investment theory education of stock
brokers. |
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Robbing You
Blind
by
Mark Dempsey
"Merrill Lynch's employees
lied to clients"
Protecting Your Money from Wall Street's
Hidden Costs and Half-Truths: Moneymaking
Strategies for Today's Investor by Mark
Dempsey. Once a high flyer at a major
brokerage, he now says he succeeded only
by cajoling clients into purchases that
helped him meet sales goals" If the average
investor only knew what really goes on
behind the scenes with their money they'd
think differently about having us manage
it."
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American Sucker
by
David Denby
In 2000, the bottom dropped
out of David Denby's life when his wife
announced she was leaving him. To make
matters worse, it looked like he might
lose their beloved apartment in the split.
Determined to hold onto his home and seized
by the "irrational exuberance" of the
stock market, Denby joined the investment
frenzy with a particular goal: to make
$1 million in one year so he could buy
out his wife's share of their home. Denby
gathered courage from stock analysts,
from the siren song of CNBC, and from
tech gurus and lying CEOs at investment
conferences. He befriended tech stars
like ImClone founder Sam Waksal and Merrill
Lynch analyst Henry Blodgett, both now
disgraced in scandals. He plunged into
a season of mania, swept forward on the
currents of greed, hucksterism, and native
American optimism that caught up so many
in that era--with cataclysmic results.
AMERICAN SUCKER is his account of those
years of madness and then of recovered
sanity, written with the rueful insight
and bitter humor that only a wiser man
could attain. What began as a money chase
developed into an encounter with such
eternal issues as envy, time, love, and
death. With wit, warmth, and tough-minded
candor, Denby explores not only his own
motives and illusions, but the whole panoply
of desire, greed, and willful blindness
that consumed the nation. |
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License
to Steal
by
Timothy Harper (Editor)
The Secret World of Wall Street and
the Systematic Plundering of the American
Investor by Timothy Harper (Editor), Anonymous.
Clients only make money, in all likelihood,
if they buy good stocks and hold onto
them for a long time. But the broker makes
money only if his clients frequently buy
and sell.
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Brokerage Fraud
by
Tracy Pride Stoneman, Douglas J. Schulz
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Fortune
Tellers
by
Howard Kurtz
Inside Wall Street's Game of Money,
Media, and Manipulation by Howard Kurtz.
A must-read account of the way stock prices
are manipulated by information-hungry
media outlets [and] no-account market
analysts |
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The Fortune Sellers
by
William A. Sherden |
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Fooled by Randomness:
The Hidden Role of Chance in the Markets
and in Life, First Edition
by
Nassim Taleb, Nassim Nicholas Taleb |
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Where are
the Customers' Yachts?
by
F. Schwed Jr.
It's amazing how well Schwed's book
is holding up after 55 years. About the
only thing that's changed on Wall Street
is that computers have replaced pencils
and graph paper. Otherwise, the basics
are the same. The investor's need to believe
somebody is matched by the stock broker's
need to make a nice living. If one of
them has to be disappointed, it's bound
to be the former."-John Rothchild, Author,
A Fool and His Money, Financial Columnist,
Time magazine |
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Does Your Broker Owe You Money?
by Daniel R. Solin
According to attorney Dan Solin, there were 5,500 new claims filed with
NASD against brokers in 2000. ( See
his new book, "Does Your Broker Owe You Money?" About half win
and about half of them get paid. And
if you have an attorney, they typically
take 33% to 40% of the award. Most attorneys
won't take your case unless you have
lost more than $100,000. The NASD and
NYSE awarded $161 million to investors
in 1998 for abuses like unsuitable investments,
excessive trading, failure to supervise
and
unauthorized trading.
Also see this recoverinvestment.
and investor recovery.
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Category
Two: Nobel Laureates and Historical Perspective |
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These books
were used in the development of the investment
strategies of Index Funds Advisors. In most cases
the book images are links to amazon.com, so that
you may purchase them. Learn and enjoy!
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Capital Ideas
by
Peter L. Bernstein
The Improbable Origins of Modern Wall
Street by Peter L. Bernstein. When the
1974 recession hit Wall Street, investment
professionals desperately turned to academia
to help regain the value of their clients'
holdings. Bernstein shows how Wall Street
finally embraced the advences wrought
in academic seminars and technical journals
tht ultimately transformed the art of
investing.
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Against the Gods
by
Peter L. Bernstein
Peter Bernstein has written a comprehensive
history of man's efforts to understand
risk and probability, beginning with early
gamblers in ancient Greece, continuing
through the 17th-century French mathematicians
Pascal and Fermat and up to modern chaos
theory.
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The
Random Character of Stock Market Prices
by
Editor: Paul H. Cootner
" Cootner's classic has been an inspiration
to a generation of financial economists
and its publication in 1964 marked the
beginnings of the field known as financial
econometrics. It is high time that this
collection of gems is reprinted" Professor
Andrew Lo, Professor of Finance, Massachusetts
Institute of Technology. |
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Extraordinary
Popular Delusions
by
Mackay & Templeton
We may think that the Great Crash
of 1929, junk bonds of the '80s, and over-valued
high-tech stocks of the '90s are peculiarly
20th century aberrations, but Mackay's
classic--first published in 1841--shows
that the madness and confusion of crowds
knows no limits, and has no temporal bounds.
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How the
Really Smart Money Invests (VHS Video)
Society improves through academia,
yet, sadly, many people make investment
decisions based on the appeal of a slick
marketing campaign or a well-produced
television commercial. The key to successful
investing is to harness the meaningful
research conducted by the brightest minds
in academia and develop a conviction driven
relationship that helps to guide the investment
process. VHS Video |
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Commanding
Heights
by Daniel Yergin and Joseph Stanislaw
Three DVD Set: The history and impact
of the new global economy are made clear
and compelling. This three-part, six-hour
documentary does an astonishingly thorough
job of dissecting and explaining macroeconomics
and their current political and social
importance without ever causing a loss
of consciousness for the viewer. The
series makes good use of both large-
and small-scale examples, and features
interviews with several major world
leaders. Review by - Ali Davis
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The Wisdom of
Crowds: Why the Many Are Smarter Than
the Few and How Collective Wisdom Shapes
Business, Economies, Societies and Nations
by
James Surowiecki |
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Devil Take The Hindmost
by Chancellor
From the tulip Colleges of the seventeenth
century to the Internet investment clubs
of the late twentieth century, speculation
has established itself as the most demotic
of economic activities. Although profoundly
secular, speculation is not simply about
greed. The essence of speculation remains
a Utopian yearning for freedom and equality
which counterbalances the drab rationalistic
materialism of the modern economic system
with its inevitable inequalities of wealth. |
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Category
Three: Nuts and Bolts of Index Funds Investing |
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These books were used in
the development of the investment strategies of
Index Funds Advisors. In most cases the book images
are links to amazon.com, so that you may purchase
them. Learn and enjoy! |
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Investment
Management : Portfolio Diversification,
Risk, and Timing - Fact and Fiction (Wiley
Finance)
by
Robert L. Hagin
After more than forty years of investment
research and practice, financial expert
Robert Hagin has seen firsthand how misconceptions
about investing have adversely affected
the well-being of countless people. He
knows that both amateur and professional
investors alike are susceptible to making
costly investment mistakes-primarily due
to widely accepted investing "myths."
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Winning the Loser's Game
by
Charles Ellis
A true financial classic, How to Win the
Loser's Game over 55,000 copies sold in
its previous two editions. Simple, straightforward,
and concise, Ellis, one of today's most
brilliant investment writers, provides
timeless wisdom about the nature of investing.
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The
Unbeatable Market: Taking the Indexing
Path to Financial Peace of Mind
by
Ron Ross |
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Index your Way to Investment Success
by
Good & Hermansen
A winning investment strategy for
today's volatile markets. Long a secret
guarded by financial insiders, index funds
have become a favorite with individual
investors of every level. Drawing on their
years of experience managing institutional
investments, Walter R. Good and Roy W.
Hermansen give even novice investors the
nuts-and-bolts know-how to boost returns
and control risk. |
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Prudent Investor's
Guide to Beating Wall Street at Its Own
Game
by
Bowen & Goldie
Shows individual investors how to
achieve superior returns through state-of-the-art
asset allocation strategies. The book
explains how investors can use mutual
funds to create a portfolio that achieves
their financial goals and earn the maximum
return for a given amount of risk. |
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Winning Investment Strategy
by
Larry E. Swedroe
If you are an investment neophyte
or an index fund guru, this book will
expand your knowledge. The research is
in and the results are unequivocal, indexing
beats active management over time and
by a significant amount. The only people
who contest the evidence are active fund
managers who don't want to lose their
paying customers. |
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A Mathematician Plays the Stock
Market
by
John Allen Paulos
After poking holes in superinvestor Warren
Buffet's fundamental notions and other
sacred cows of Wall Street, Professor
Paulos offers his own advice: Stick with
index funds. |
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A Random Walk Down Wall Street
by
Burton G. Malkiel
A "random walk"--in market terms--suggests
that a "blindfolded monkey" (also see
monkeydex.com) would have as much luck selecting
a portfolio as a pro. But Burton Malkiel's
classic investment book is anything but
random. Since stock prices cannot be predicted
in the short term, argues Malkiel, individual
investors are better off buying and holding
onto index funds than meddling with securities
or actively managing mutual funds. |
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Index Mutual Funds
by
W. Scott Simon
Simon explains how the "indexing revolution"
came about and contrasts index investing
with selecting individual stocks or relying
on the fortunes of any particular fund
manager or investment "guru." He also
provides nuts-and-bolts details on how
index funds work, and he spells out their
advantages--less risk, minimal cost, and
less emotional stress.
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The Index Fund Solution
by
Richard Evans
Experience conclusively shows that
index fund buyers obtain results exceeding
those of the typical fund managers. The
book is divided into two parts: it first
compares index and actively managed funds
and discusses development of a relevant
financial plan; its second explains how
to create and monitor just such a portfolio
in order to meet one's individual needs
optimally |
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Intelligent Asset Allocator
by
William Bernstein
Bernstein has become a guru to a peculiarly
'90s group: well-educated people intent
on investing well. This book clearly explains
the principles of modern portfolio theory
and why investors would be better off
to invest in custom index funds, like
those from Dimensional Fund Advisors.
It is a must read for both institutional
and individual invesotrs. |
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Asset Allocation
by
Roger C. Gibson
Financial experts agree: Asset allocation
is the key strategies for maintaining
a consistent yet superior rate of investment
return. Now, Roger Gibson's Asset Allocation
- the bestselling reference book on this
popular subject for a decade has been
updated to keep pace with the latest developments
and findings. |
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Winning with Mutual Funds
by
Tweddell
With their enviable track record,
low expenses, and moderate risk, index
funds are poised to become the next big
wave for investors. This book shows how
anyone can climb on board--and make higher
returns. It is the first book to provide
the total index fund story--and why they
beat most professionally managed funds
on Wall Street. |
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Category
Four: Interviews and Writings of the Experts |
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These books
were used in the development of the investment
strategies of Index Funds Advisors. In most cases
the book images are links to amazon.com, so that
you may purchase them. Learn and enjoy!
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The Investor's Anthology, By
Ellis & Vertin
This anthology brings together original
writings from many of the biggest names
in finance, including Warren Buffett,
Barton Biggs, Benjamin Graham, John Templeton,
and other luminaries who have helped shape
the face of modern finance. Eternal wisdom
about the financial markets, compiled
by one of the most astute minds in the
field. A must-read for the serious investor.--John
C. Bogle, Chairman of The Vanguard Group
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Investment Gurus, By Peter
Tanous
At the heart of this book are Tanous's
interviews with 18 top money managers
and academics, including Mario Gabelli,
William F. Sharpe, Peter Lynch, Laura
J. Sloate, and Merton Miller. The book
concludes with "Your Roadmap to Wealth,"
which summarizes the success factors common
to each of the money managers interviewed
and suggests ways to develop an "intelligent
personal investment plan." - Howard Rothman
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