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Step 1: Active Investors “The investor’s chief problem, and even his worst enemy, is likely to be himself.” – Benjamin Graham, The Intelligent Investor; A Book of Practical Counsel, 1949

“The neural activity of someone whose investments are making money is indistinguishable from that of someone who is high on cocaine or morphine.” – Jason Zweig, Your Money & Your Brain, 2007

“There is something in people; you might even call it a little bit of a gambling instinct… I tell people investing should be dull. It shouldn’t be exciting. Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” – Paul Samuelson, Ph.D., Nobel Laureate in Economics, 1970, “The Ultimate Guide to Indexing,” Bloomberg Personal Finance, 1999

“Most institutional and individual investors will find the best way to own common stock is through an index fund that charges minimal fees. Those following this path are sure to beat the net results [after fees and expenses] delivered by the great majority of investment professionals.” – Warren Buffett, 1996 Shareholder Letter

Index Funds: The 12-Step Recovery Program for Active Investors  

This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with i...

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