The Successful Investor Today: 14 Simple Truths You Must Know When You Invest

by Larry E. Swedroe

Larry E. Swedroe has long maintained that investors and fund managers have had no sustainable success when chasing hot individual stocks. They say that it is much wiser to buy "baskets" of stocks from prominent indexes - always selected from a variety of major well-run companies. Inevitable market rises and dips, followed by further market rises, plus the miracle of compounding, will build, over a minimum of two decades, real wealth.

This book brings together fourteen truths for index investing and discusses why careful and patient investing will capture many of today's big-company stock valuations that will be seen over time to have been tremendous buys.

336 pages, Paperback

First published September 24, 2003

Reviews

[Benjamin · Rating 3 out of 5]

I'm not qualified to judge the advice, but it makes sense. It would be easier to take seriously if it wasn't written like a bad self-help book.

my favorite quote: "In the short run, you can make a little money by lying to people who want to hear the truth, or a lot of money by lying to people who want to be lied to."

[Aaron · Rating 5 out of 5]

Written to be timeless in a field where seemingly everything changes every day. The market boom of the internet is no different from the boom of the railroad. Financial advisers are always also financial product salespeople, and must be treated as such. Not the easiest first book about finance (for me, it was), but high yield.