The Index Revolution: Why Investors Should Join It Now

The central argument of Index Now is that active investing is a loser's game. By indexing investment operations at very low cost—and accepting that active professionals have set all securities prices about as correctly as possible—investors should know that, over the long term, they will achieve better results than most other investors—particularly those who continue to follow the once promising but now out-of-date "active” approach that is doomed to disappoint. Ellis will essentially lay out 12 arguments for indexing, with one concise chapter per argument. He argues that "beating the market" is now much harder than it once was, and indexing earns higher rates of return. Though some investors look down at indexing because it is a passive approach, Ellis proves with Index Now that it is ultimately much more consistent and worthwhile.

CHARLES D. ELLIS is one of the most widely respected experts in the world of investing. He is a consultant to some of the world's largest pension, endowment, and sovereign wealth funds. For three decades, he was managing partner of Greenwich Associates, the leading strategy consulting firm in institutional financial services world-wide. He has written 16 books and well over 100 articles, mostly on investing, is a popular speaker on key issues, and taught advanced courses on investment management at Harvard Business School and at the Yale School of Management and the investment profession's in-service workshop at Princeton.

He served as a Successor Trustee at Yale University and on the Yale investment committee for 16 years. He has served on the governing boards of the Stern School of Business, Phillips Exeter Academy, and the Robert Wood Johnson Foundation, and chairs the board of the Whitehead Institute. He has served on 14 investment committees. One of 12 people honored by the profession for lifetime contributions, he was chair of the CFA Institute.