Larry Swedro has long maintained that investor and fund managers
have had no sustainable success when chasing hot individual stocks.
They say that it is much wiser to buy "baskets" of stocks from
prominent indexes - always selected from a variety of major
well-run companies. Inevitable market rises and dips, followed by
further market rises, plus the miracle of compounding, will build,
over a minimum of two decades, real wealth.
This book brings together fourteen truths for index investing
and discusses why careful and patient investing will capture many
of today's big-company stock valuations that will be seen over time
to have been tremendous buys.
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