Hazardous to Your Wealth: Extraordinary Popular Delusions and the Madness of Mutual Fund Experts

by Robert Markman

In the midst of the biggest bull market in history, many investors are wondering why they have not achieved better results. The reason, as Robert Markman clearly and compellingly shows, is that the... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1586190067
• ISBN13: 9781586190064
• Release Date: January 2000
• Publisher: Elton-Wolf Publishing
• Length: 148 Pages
• Weight: 0.65 lbs.
• Dimensions: 0.5" x 6.1" x 9.0"

Customer Reviews

How to Achieve Growth at 71

After reading Bob Markman's book "Hazardous to Your Wealth" , I understand the reason I will choose their firm as my financial advisor. For twenty years, I let the "experts" stock brokers, a financial advisor recommended by Worth magazine and a local trust bank handle my investments. "Can you believe it," I experienced zero growth in 20 years from these experts. Bob's book outlines in laymens terms his reasoning, his approach to the mutual fund market changes of today. Most books on financial planning would have me lost after the first chapter. I would throw them down discouraged telling myself, "leave it to the experts". Bob's book from beginning to end is understandable. Now at least I know what and why Markman Capital makes the choices they make. However, I'm still not smart enough nor courageous enough to make the choices myself. His book has taught me that volatility does not equal risk! I'm 71 years old and am a believer that growth is still necessary. Don't pass up this opportunity to grasp the market fundamentals.

Hazardous to Your Wealth

Hazarous to Your Wealth is an eye-opener and a "breath of fresh air". It crytically questions the conventional concepts of investment strategies employed today by most mutual fund advisors, managers and analysts, and offers a well researched and thought out set of alternative concepts that are logical and believable in today's environment of exploding technology. It is a "must read" for serous investors with a long term horrizon.

Ideas Produce Results

Bob Markman's views are backed by experience that has provided me a return of 42% for 1999, thus exceeding my expectations and, equally important, providing a comfort level that enables me to stay in the market.

Fun to read and filled with useful ideas

If I had a financial planner, I certainly wouldn't be using one after reading this book! I found something interesting on almost every page. It's a far cry from the dry advice offered by most books and articles on investing! Mr. Markman provides new insights into practical approaches to investing that avoids the pitfalls of traditional financial planners. He not only explains why the investment industry has led people astray, he has straightforward remedies. Plus, the book is never boring. I read it in a few hours. I'd recommend it for anyone who's dissatisfied with their investment results over the past few years.

A Nice Analytical,Referenced Approach to Long-Term Investing

An excerpt from this book is in the February 2000 issue of Worth Magazine. That excerpt is one of the best supported and useful articles I have read in the financial press for quite some time. The author analyzes a number of investment fallacies, with specific academic references to long-held beliefs but with a very readable tone throughout. If the rest of the book is as good as this excerpt, then it should become a mainstay on every long-term investor's shelf, right beside classics such as Malkiel's A Random Walk Down Wall Street and Bogle's writings on long-term mutual funds.