mutual funds

Are you a trader, or even a gambler, without knowing it? In The Unbeatable Market Ron Ross shows you how a person who intends to be an investor is usually hoodwinked by the financial world into putting his money at unnecessary risk while forgoing even an average rate of return. Just a few simple, but extremely important concepts (which Ross thoroughly explains in plain enjoyable English) woven together quite logically and well supported with facts, are enough to expose how the brokerage business and the mutual fund industry, through their own self-interest and without malice, tend to guide the investor away from successful investing. If you read this book you will see behind the illusion that has been created by marketing. Then, if you really want to be an investor, you will be able to see where the true course of successful investing lies, as distinguished from the disguised trading and/or gambling into which most would-be investors have been lured. This is the best book on investing I've ever read.

The Unbeatable Market is the clearest statement yet as to why using index funds is the superior investment alternative. The Wall Street crowd will hate this book. It exposes their doomed strategies and uses devastating logic and scientific evidence to prove the case. This is a highly rewarding book to read and quite thought provoking. The Unbeatable Market is destined to become an extremely controversial book, although I feel sorry for anyone taking the other side of the debate.

This book is an excellent and easily understood survey of the arguments in favor of the Efficient Market Hypothesis. Material is compellingly presented, abstract ideas are made easy to understand, and strong arguments are put forth in favor of passive funds (ie Index Funds) as against actively managed funds.
This book is one of few business books directed toward the general public that isn't trendy, insulting, ridiculous, or trite. I intend to buy this book for the next friend of mine that starts "day trading" or doing anything similar.