More Praise for Investment Management

“Makes serious learning fun again for any serious, contemporary investor.”
—Charles D. Ellis, Director
Greenwich Associates
“With unusual clarity and originality, Bob Hagin exposes a variety of investment
myths that have long confounded experienced professionals as
well as novice investors. The invaluable lessons offered in this entertaining
book will serve you well again and again as you navigate the mysterious
maze of investing.”
—Mark P. Kritzman, Managing Partner
Windham Capital Management Boston, LLC
“Bob Hagin’s investing insights are informative and refreshingly easy to digest.
The elements of sound financial decision making take shape as sources
of flawed investment reasoning are exposed concisely and simply. Practical
takeaways abound in this book that will make anyone a more successful investor
or fiduciary.”
—Brian E. Hersey, Investment Director
Watson Wyatt Investment Consulting
“At last, a book for fiduciaries and consultants that translates the often
complex body of financial theory into understandable and imminently
practical investment advice. Hagin, without the use of the jargon and equations
of the quantitative world, presents an integrated road map of the investment
process coupled with an insightful history of the major
contributors to modern financial theory.”
—Robert E. Shultz, Partner
TSW Associates
“With the skill of a respected and deft surgeon, quantitative investor Bob
Hagin expertly dissects the case for active investment management. Chapter
after pungent chapter, the myths that most investors hold as dogma are
laid to rest with simple, sometimes obvious, facts and figures. If you don’t
believe index funds work, read this book. If you do believe, revel in it.”
—John C. Bogle, Founder and former CEO
The Vanguard Group
“This book is a wonderful collection of compasses that steer investors and
fiduciaries in the right direction. It is an investment gyroscope since you not
only get your bearings, but also never lose your balance. I am making my
kids read it! Hagin changes the odds for most of us who think we know
ourselves well enough to invest in the stock market. Read this book before
you discover you didn’t know yourself as well as you thought.”
—Arnold S. Wood, President and CEO
Martingale Asset Management