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With complete explanations and interesting examples the reader is taught the basics of the efficient market and modern portfolio theory. Using the principles described in this book, an individual investor can both "eat well and sleep well", that is, can achieve excellent investment returns while actually lowering the risk in his portfolio.
Even if one chooses not to implement the complete strategy outlined by Swedroe, the book offers insights into investing that cannot help but improve portfolio performance.
This book is suitable for the beginning investor as well as the sophisticated person that makes his living from the market. Read it!
Larry Swedroe lays strong foundations by focusing on three major areas. First, he summarizes the results of several studies indicating that passive investment strategies outperform, over time and by a wide margin, active investment management. Second, Mr. Swedroe offers the individual investor a through overview of Modern Portfolio Theory and its subset, Efficient Markets Theory. Third, Larry provides a guide to the construction of a portfolio and discusses the roles investment advisors may undertake for the individual investor.
While some of the material in this first book is duplicated and updated in the second and third books, I recommend all three of these texts to individual investors. Larry Swedroe possesses the knack to take recent academic research and pass it on in an understandable, common sense manner to the many individual investors who do not possess advanced degrees in statistics.
My own library of "good books" on investing has grown to nearly 20 different texts. All three of Larry Swedroe's texts make my "good book" list. (I have rejected over 100 other texts and not included them on my "good book" list.) I highly recommend all of Larry's books, together with additional texts by Burton Malkeil, Peter Bernstein, John Bogle, Bruce Temkin, Roger Gibson and others. Larry's three books greatly assist the individual investor to build a solid base of knowledge to understand what works (and the many things that don't work) in investing. I highly recommend this book, and all three of his books, as key additions to every serious investor's library.
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The political 'truths' in $oft Money read like you would imagine a Tom Clancy book to read if Clancy took up writing political thrillers instead of war/army type books - they seem to be well-researched and factual. Money-laundering, double-dealing, power struggles - it's all been seen before in USA (think Watergate, think Monica, think this is not good for America!) and Burton's book brings it right to our living room. Here, though, we see one man torn between loyalty for his president and loyalty to his principles. Well, okay, what would YOU do? There's your conflict and, since conflict makes a good plot, there's your plot.
Eric Burton has made a great start to his writing career. Long may he continue.
More than just a floral use of words and a sharp sense of timing, Burton brings us a sense of realism that can best be described as on-the-spot. In dialogues, his choice of phrase says as much about his ability as a writer as his knowledge of political America. He doesn't seem to feel the need for 'he opinioned', 'she screamed', or 'he blustered'; the discourse does it for him. The sure sign of someone who knows how to wield a pen.
In his biography, the author claims to have worked in 'Corporate America'. Methinks he stretcheth the truth a little. Only an insider could have written with Burton's amazing breadth of knowledge. He is surely the Tom Clancy of political novelists and I look forward to his next book with eager anticipation.
Currently, there are a number of debates on Capitol Hill concerning campaign money and the format by which it is contributed. Many times over the years, we have seen news articles that talk about corruption and scandal associated with the so-called "soft money" of politics. E.L. Burton has taken this and turned it into a story that shows all of the implications involved with these monies, and how even those who go to Washington with the best intentions can come out being on the wrong side of the corruption fence.
"Absolute Power corrupts Absolutely", and "Money is the root of all Evil", are catch phrases that everyone associates with government politics today. This book explores how one man can be held in thrall by these two "magic potions" - power and money, and how another can be torn between friendship and duty.
E.L. Burton has managed to tell a story that is one of the best new novels of this millennium, and shows promise of being one of the stalwart authors that will dictate the basis for corruption/suspense novels for years to come.
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In addition to being extremely useful to novice online investors, the book is a pleasure to read. My sister, who has never bought a stock in her life, read most of it simply for amusement value. I recommend this book to everyone.