EVERYONE MAKES MISTAKES. THIS BOOK SHOWS YOU HOW TO MAKE MONEY. Swedroe and Balaban show you how to avoid being your own worst enemy and how to win the investment game by not losing.”Burton G. Malkiel, author of A Random Walk Down Wall Street œSure, we've all made mistakes, and they can be pretty expensive, even the first time. This wonderful volume will pay for itself a thousand times over.”William Bernstein, author of A Splendid Exchange and The Investorโ€™s Manifesto โ€œIn his new book, Larry Swedroe ”America™s preeminent writer on passive investingโ€”shows you how to recognize your mistakes and, more importantly, how to avoid future mistakes to secure a worry-free financial future. This book will prove to be a classic blueprint on sidestepping the blunders made by even the smartest of investors.โ€ โ€”Bill Schultheis, author of The New Coffeehouse Investor โ€œThis is a book that does not belong on your bookshelf; it belongs in your hands. Buy it, read it (and itโ€™s fun reading), and prosper.โ€ โ€”Harold Evensky, President, Evensky & Katz Wealth Management โ€œSwedroeโ€™s tour through the world of money and psychology is a trip every investor should take.โ€ โ€”Gary Belsky, coauthor, Why Smart People Make Big Money Mistakes...And How to Correct Them With a Foreword by Meir Statman, author of award-winning What Investors Really Want Even the most experienced investors in the world can screw upโ€”and donโ€™t let anyone tell you otherwise. Whether youโ€™re an old pro with a well-designed portfolio or a newbie investor just starting out, bestselling author Larry Swedroe with RC Balaban can show you how to โ€œlive and learnโ€ from othersโ€™ mistakesโ€”and invest in good times and bad. By answering the key questions every investor should ask, youโ€™ll learn how to avoid: Mistake #1: Feeling too confident in your investing skills Mistake #6: Allowing yourself to be swayed by popular opinion Mistake #11: Holding on to assets because of the price you paid Mistake #15: Letting friendships influence your choice of advisors Mistake #31: Expecting miracles from hedge fund managers Mistake #48: Confusing speculation with investing Mistake #60: Underestimating the number of stocks you need to diversify Mistake #71: Forgetting that you can be too conservative Mistake #77: Repeating the same mistake Be warned: This groundbreaking guide will shatter the myths about money youโ€™ve come to accept and challenge the conventional wisdom youโ€™ve received from friends, advisors, and other โ€œexperts.โ€ By exposing these all-too-common mistakes, one by one, youโ€™ll be able to rethink your strategy and reinvest in your future with confidence. Youโ€™ll discover the truth about misleading demographics, โ€œhigh-returnโ€ investments, active managers, and other resources you shouldโ€”or shouldnโ€™tโ€”trust. Youโ€™ll learn the actual devastating effect taxes can have on your returns if you use the wrong strategy. Youโ€™ll learn the wrong way and the right way to build your portfolio, diversify your accounts, and plan for your familyโ€™s future. Most important, this book will show you how to avoid making the investment mistakes you used to make and how to give yourself the best chance of achieving your financial goals. Filled with insider insight, need-to-know advice, and revealing case studies, this is the one book smart investors can learn fromโ€”and even smarter investors can invest in