well-known figure in the world of ETFs outlines everything investors need to know about this important investment vehicle Exchange-traded funds, or ETFs, are one of the hottest investment products around and a staple in many portfolios. In ETFs for the Long Run, Lawrence Carrel takes readers through the ins and outs of ETFs, including the history of ETFs, the tax benefits and minimal charges associated with ETFs, and an easy-to-read breakdown of the fundamental differences between ETFs and other investments. He also provides readers with the tools for trading and including ETFs in portfolios. Lawrence Carrel (New York, NY) is a well-known ETF expert. He created and wrote SmartMoney.com's "ETF Focus" column, a weekly look at the ETF industry from the individual investor's point of view. Carrel was also a founding member of The Wall Street Journal Online, where he covered the stock market, edited breaking news and was one of the writers of the Cyber Investing column