Quest for Alpha (Bloomberg) Contributor(s): Swedroe, Larry E. (Author) |
|
![]() |
ISBN: 0470926546 ISBN-13: 9780470926543 Publisher: Bloomberg Press OUR PRICE: $25.16 Product Type: Hardcover - Other Formats Published: February 2011 |
Additional Information |
BISAC Categories: - Business & Economics | Investments & Securities - Stocks |
Dewey: 332.6 |
LCCN: 2010034716 |
Series: Bloomberg |
Physical Information: 0.81" H x 5.79" W x 8.77" (0.73 lbs) 208 pages |
Descriptions, Reviews, Etc. |
Publisher Description: The final word on passive vs. active investing The debate on active investing-stock picking and market timing-versus passive investing-markets are highly efficient and almost impossible to outperform-has raged for decades. Which side is right? In The Quest for Alpha: The Holy Grail of Investing, author Larry E. Swedroe puts an end to the debate, proving once and for all that active investing is likely to prove futile as the associated expenses-costs, fees, and time spent analyzing individual stocks and the overall market-are likely to exceed any benefits gained. The book
Investors are on a never-ending search for a money manager who will deliver returns above the appropriate risk-adjusted benchmark, aka the Holy Grail of Investing. The Quest for Alpha demonstrates that it's a loser's game-while it's possible to win, it's so unlikely that you shouldn't try. |