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Title: Take the Gambling out of Investing
Review: Excellent book on the unpredictability of investments and investors.It essentially says investing in individual stocks is speculating (gambling), not investing. Over the long haul, individual investors (event the top fund managers) don't beat the overall market.Invest in the S&P; 500 or other major index and you will build a fine nest egg for retirement, according to the book.This is not a book for someone who wants to double their money in 2 years. It is for the person who wants to turn $100,000 into $800,000 in 21 years (assuming 7% returns that double your money every seven years). Not a bad end for an extremely diversified and responsible investment plan.So if you are 44 years old, and you have $200,000 to invest, you could safely build it to $1.6 million when you turn 65, if this book is correct. I think it is.
