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Index Revolution : Why Investors Should Join It Now (Hardcover) (Charles D. Ellis)
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The central argument of Index Now is that active investing is a loser's game. By indexing investment operations at very low cost—and accepting that active professionals have set all securities prices about as correctly as possible—investors should know that, over the long term, they will achieve better results than most other investors—particularly those who continue to follow the once promising but now out-of-date "active” approach that is doomed to disappoint. Ellis will essentially lay out 12 arguments for indexing, with one concise chapter per argument. He argues that "beating the market" is now much harder than it once was, and indexing earns higher rates of return. Though some investors look down at indexing because it is a passive approach, Ellis proves with Index Now that it is ultimately much more consistent and worthwhile.