Re: Another book question
Read anything by Swedroe or Ferri on why actively picking stocks for long term investing is a losers game.
You can't and won't win. (winning as defined by beating index).
See academic papers by Fama and French.
Basically, the sell-side of Wall Street is a scam.
"Lets take your money and my experience and turn it into my money and your experience" is their mission statement.
Most diehard indexers recommend value and small cap tilt and a big chunk of (half of equities) split in NON-US - i.e. equal weightings of VPL,VGK,EEM/VWO,EFV and VINEX.
Good luck
These opinions are from the 90s. According to my old empirical finance prof very few academics believe in the Efficient Market Hypothesis by now.
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