The Index Revolution: Why Investors Should Join It Now - Rilegato

Ellis, Charles D.

Rilegato

ISBN 10: 1119313074 ISBN 13: 9781119313076

Casa editrice: John Wiley & Sons Inc, 2016

Riassunto

The central argument of Index Now is that active investing is a loser's game. By indexing investment operations at very low cost—and accepting that active professionals have set all securities prices about as correctly as possible—investors should know that, over the long term, they will achieve better results than most other investors—particularly those who continue to follow the once promising but now out-of-date "active” approach that is doomed to disappoint. Ellis will essentially lay out 12 arguments for indexing, with one concise chapter per argument. He argues that "beating the market" is now much harder than it once was, and indexing earns higher rates of return. Though some investors look down at indexing because it is a passive approach, Ellis proves with Index Now that it is ultimately much more consistent and worthwhile.

Su questo libro

Informazioni sull?autore

CHARLES D. ELLIS is one of the most widely respected experts in the world of investing. He is a consultant to some of the world's largest pension, endowment, and sovereign wealth funds. For three decades, he was managing partner of Greenwich Associates, the leading strategy consulting firm in institutional financial services world-wide. He has written 16 books and well over 100 articles, mostly on investing, is a popular speaker on key issues, and taught advanced courses on investment management at Harvard Business School and at the Yale School of Management and the investment profession's in-service workshop at Princeton.

He served as a Successor Trustee at Yale University and on the Yale investment committee for 16 years. He has served on the governing boards of the Stern School of Business, Phillips Exeter Academy, and the Robert Wood Johnson Foundation, and chairs the board of the Whitehead Institute. He has served on 14 investment committees. One of 12 people honored by the profession for lifetime contributions, he was chair of the CFA Institute.

Dalla quarta di copertina

Praise for The INDEX REVOLUTION

"Index funds combine intelligent academic theory with practical common sense and so does Charley Ellis in this new book. With warmth and wit, Charley paints the picture of an investment industry that was ripe for the index revolution. He presents the enduring case for indexing through stories, insights, and simple math. It's an enjoyable read for long-time indexers and novices alike."
?Bill McNabb, Vanguard Chairman and CEO

"This book is a must-read for any investor looking to learn more about indexing or for those who are skeptics of index investing. After reading his compelling case on the benefits of index investing, readers will be asking why they are not index investors already."
?Amy Schioldager, Global Head of Index Equities, BlackRock, Inc.

"Indexing is not being passive; it is an active decision to not be foolish and pay for something that isn't there."
?Suzanne Duncan, State Street Corporation Senior Vice President, Global Head of Research

"To the debate over indexing, Charles Ellis brings not only powerful arguments, but also his own long history. While others have belatedly and grudgingly come to accept the wisdom of indexing, Charley has spent decades at the forefront of The Index Revolution, arguing that trying to win the investment game is the surest way to lose. Want to ensure a prosperous financial future for your family? It's time to join Charley and the revolution he helped spark."
?Jonathan Clements, author, How to Think About Money

"Every investor wants to believe they can be above average. Charley Ellis has finally convinced me there is a foolproof strategy to reach that goal. It is indexing and his overwhelming proof is in The Index Revolution."
?Consuelo Mack, Anchor and Executive Producer, Consuelo Mack WealthTrack

"Indexing makes sense because indexing works. It is the only strategy that effectively guarantees that investors will earn their fair share of whatever returns are provided by the stock and bond markets."
?John C. Bogle, Vanguard Founder and retired CEO

Dal risvolto di copertina interno

Index funds and ETFs are in accelerating demand by active investors around the world. This short book explains why active investing no longer works and why astute investors are increasingly switching to indexing.

While active investing was effective years ago, a compelling set of major change forces have transformed the stock markets of the world so active investing is no longer the main part of the solution and has become the main part of the problem. Ironically, the more smart, creative, experienced, hard working people are attracted by interesting work and high compensation to join the "beat the market" competition, the harder they make it for any investor (including themselves) to keep up. With new data, Charles Ellis shows that most active managers are falling short in every major market around the world.

Indexing not only earns higher returns, as new data clearly shows, but also saves on operating costs and taxes. Also, indexing enables investors to focus on defining their own particular investing goals and the investment program that will get them there.

This concise book pulls no punches as it explains in its easy-to-read, candid, and informing way why indexing works so well and how this strategy will continue to gain momentum with active investors.

Dettagli dell?edizione

• Editore: John Wiley & Sons Inc
• Data di pubblicazione: 2016
• Lingua: Inglese
• ISBN 10: 1119313074
• ISBN 13: 9781119313076
• Rilegatura: Copertina rigida
• Numero di pagine: 202
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile