"Mark Hebner's magnificent book presents solid financial
theory and practice wrapped in an elegant package."
- Harry
Markowitz Ph.D., Nobel Laureate in Economics, “Father
of Modern Portfolio Theory," Professor of Economics at University
of California at San Diego, author
of Portfolio Selection: Efficient Diversification of Investments as
well as numerous other books, articles and papers.
"...an incredibly handsome and wise book. We must be near
a "tipping
point" of passive over active. Perhaps Hebner's book will
mark the moment. Congratulations!"
- John
C. Bogle, Founder and Past CEO of The Vanguard Group
July 22, 2010 "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair, (1935) - See Dan Solin's new post about this quote.
July 5, 2010 - An important message from DFA’s Weston Wellington is titled “Is It Different This Time?" Click here to view it. This insightful and informative presentation reveals that time after time, headlines have been poor predictors of future market movements. Also see this video.
July 5, 2010A
analysis of eight centuries of financial folly lead to the conclusion
that nothing is different. Capitalism is amazingly resilient.
Reinhart and Rogoff's book provides a quantitative history of
financial crises derived from over 600 years and 66 nations.
The basic message from all their data is that there are remarkable
similarities in today's financial crises with experience from
other countries and nations. John Templeton said the four
most dangerous words in investing are, "It's different this
time."