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Title: Incisive, brilliant, and succinct, despite this its readable
Review: From all my readings during my academic period in Investment analysis this is my favorite. The award winning authors lay down the foundation of their theory (i.e. in the long run it all evens out in the markets), then show why market timers who think they are right are most often wrong, that net winners and losers are rare over time, and most people who think they understand the curve are just extrapolating inaccurately from that small portion of the market curve that their on. It's hard to see the forest from the trees. Take that Wade Cook, market timers, day traders, and other would be Warren Buffets who think buying oil futures in anticipation of a cold winter is an act of genius.
