The Big Investment Lie: What Your Financial Advisor Doesn't Want You to Know

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In July 1971, Michael Edesess began his career in finance, quickly discovering that professional investors consistently failed to outperform market averages, contrary to industry claims. He reveals that mutual funds often perform no better than random chance, undermining the rationale for hiring financial advisors. Edesess critiques the industry's acceptance of this "Big Investment Lie" and provides practical guidance through his Ten New Commandments for Smart Investing, aimed at empowering investors to achieve greater financial success without relying on professional managers.