The Big Investment Lie

封面

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Preface

Introduction: Excuse Me Is This the “Real” World?

PART I HOW MUCH YOU PAY

1 The Beardstown Ladies versus the Professionals

2 The Extraordinarily High Cost of Investment Advice

3 The Outer Limits: Hedge Fund Fees

4 Taxes Down the Drain

5 Why Do We Give Golden Crumbs to Rich People?

PART II HOW LITTLE YOU GET

6 Why Investment Professionals Can’t Predict Markets

7 The Abject Failure of Professional Advisors and Managers

8 The Market Can Turn on a Dime

9 The Claims of Money Managers: “Smoking Our Brand Prevents Cancer”

10 Idle Greedy Hands and Too Much Data Do the Devil’s Work

11 The Simple Rules of Nobel Prize Winners

12 There’s No Such Thing as a Free Lunch

13 Investment Genius or the Thousandth Coin?

PART III HOW YOU ARE SOLD

14 Effective Pitches to Sell the Big Lie

15 How Investors Delude Themselves

16 How Hedge Funds Operate and Are Sold

17 How Consultants and Money Managers Sell to Institutional Investors

18 Derivatives: The Good the Bad and the Ugly

19 The Modern Slippery Slope of Business Ethics

Conclusion: The Ten New Commandments for Smart Investing

Notes

Glossary

Bibliography

Index

About the Author

About Berrett-Koehler Publishers