The Index Revolution: Why Investors Should Join It Now (Hardcover)

Foreword vii

Introduction xvii

Acknowledgments xxxvii

Part One Over 50 Years of Learning to Index 1

1 My Half-Century Odyssey 3

Part Two The 10 Good Reasons to Index 73

2 The Stock Markets of the World Have Changed Extraordinarily 75

3 Indexing Outperforms Active Investing 83

4 Low Fees Are an Important Reason to Index 97

5 Indexing Makes It Much Easier to Focus on Your Most Important Investment Decisions 125

6 Your Taxes Are Lower When You Index 147

7 Indexing Saves Operational Costs 151

8 Indexing Makes Most Investment Risks Easier to Live With 153

9 Indexing Avoids “Manager Risk” 157

10 Indexing Helps You Avoid Costly Troubles with Mr. Market 161

11 You Have Much Better Things to Do with Your Time 169

12 Experts Agree Most Investors Should Index 171

Appendix A: How About “Smart Beta”? 177

Appendix B: How to Get Started with Indexing 185

Appendix C: How Index Funds Are Managed 193

About the Author 197

Index 199