Larry E. Swedroe has long maintained that investors 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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