I have often wondered how education could be improved if students read books by talented writers instead of the usual dry textbooks. I'm not talking so much about the classics and those who developed theories but, instead, the really good writers who tend to be tops in their fields and yet have a gift for explaining complex ideas.
In quantum physics, this would be Richard Feynman
In evolution, this would be Richard Dawkins:
This even extends to history. How much more interesting is Ambrose's story of Lewis & Clark than is the usual text book version?
These thoughts were brought to mind by Andrew Hallam's recent post on how and why a soccer mom's portfolio comprised of low-cost indexed funds would most likely outperform up to 80% of professionally managed portfolios over the long term.
I deal with this fact on an ongoing basis. I meet many people who are invested in the market and are having their investments eroded by the excessive costs of professional investment management services. They have never seriously considered low-cost, indexed funds as an investment strategy. When the approach is initially examined, they are incredulous. As Andrew brings out in his article, the idea is counter intuitive. As he says, investing "...is a bizarre game...." Working harder at it (slight modification here explained below) doesn't yield better results as it does in just about every other area of life.
The one modification I would offer is this: there is work in studying the evidence. There are books that need to be read to understand the voluminous evidence supporting indexed investing and why it outperforms professional management, after fees, over the long run.
An excellent place to start is with someone who has a gift for explaining complex topics:
If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.