Title: This is a great book for beginning and experienced investors
Review: Larry Swedroe has written an immensely useful and readable book for those who have noticed that their actively managed mutual funds seldom seem to beat, or even match, an index like the Dow or the S&P500. Mr. Swedroe explains why actively managed funds have such a hard time beating passively managed index funds, and his book goes on to show how to design a portfolio, based on modern portfolio theory, that not only increases returns, but reduces risk. The book is very helpful for those who have experience with mutual funds as well as those who are just starting and want to avoid expensive mistakes. I highly recommend this book.
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