Title: Demystifies investing and the stock market
Product review: This is a very well written book which looks at the stock market from a statistical and empirical perspective. It presents overwhelming scientific evidence that it is very unlikely that stock picking adds any value. He presents very interesting evidence that mutual fund managers and portfolio managers of actively managed portfolios on average do not earn their fees.Despite this clear evidence the asset management industry continues to grow and flourish. This book taught me to manage my own money and to seek to reduce fees to the bare minimum. If more people understood this basic message they would get better returns on their hard earned money.
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