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Title: An Interesting Complement
Review: This is an interesting complement to the writings of William Berstein and takes a slightly different point of view on most of the topics including asset allocation and indexing. This is definitely a guide to the merits of indexing and diversification but the justifications come from a different direction than Bernstein and some may find this discussion more palatable. Swedroe keeps it simple and to the point. Once again I do not agree with every last word the author utters but overall this is a great book. The material may be similar to the author's previous books but the real value of his material in general lies in his different approach than say Gibson or Bernstein. No matter how you approach it the vast majority of evidence supports indexing over active management.
