“Did you ever buy something because you thought it was a superior product, only to be disappointed with the results? That’s the problem with most mutual funds. They don’t deliver on their promise.”
John C. Bogle
“In The Power of Passive Investing, Rick Ferri has given us a comprehensive guide to what is proving to be a virtual revolution in investment strategy.”
“Gradually, index investing—buying and holding a portfolio representing the entire stock (or bond) market, or various sectors of those markets—has attracted the most attention (and dollars) from investors.”
John C. Bogle
Founded Vanguard in 1974, now manages $3trillion in assets
“Investors buy mutual funds in most cases because they believe the fund manager will earn superior returns over a market average. But that’s not what typically happens. Most funds that try to beat the market underperform the market, some by a wide amount. Investor hope fades quickly as the reality of mediocre results roll in. Then they search for new funds, finding new hope, and fail again. This vicious cycle has been happening in the mutual fund industry for almost a century.”
Preface From: Ferri, Richard A. “The Power of Passive Investing”.
The Intelligent Asset Allocator
Award Winning Author
The Little Book of Common Sense Investing