Title: The best book on investing since Lynch's Beating the Street!
Review: In a clear and concise manner, Swedroe shows, no, convinces the reader, of the superiority of asset allocation and passively managed index funds.With complete explanations and interesting examples the reader is taught the basics of the efficient market and modern portfolio theory. Using the principles described in this book, an individual investor can both "eat well and sleep well", that is, can achieve excellent investment returns while actually lowering the risk in his portfolio.Even if one chooses not to implement the complete strategy outlined by Swedroe, the book offers insights into investing that cannot help but improve portfolio performance.This book is suitable for the beginning investor as well as the sophisticated person that makes his living from the market. Read it!
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