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The Incredible Shrinking Alpha 2nd edition

How to be a successful investor without picking winners

By Andrew L. Berkin and Larry E. Swedroe
Cover of The Incredible Shrinking Alpha 2nd edition (Paperback) by Larry E. Swedroe and Andrew L.  Berkin Cover of The Incredible Shrinking Alpha 2nd edition (Ebook - phone) by Larry E. Swedroe and Andrew L.  Berkin Cover of The Incredible Shrinking Alpha 2nd edition (Ebook - tablet) by Larry E. Swedroe and Andrew L.  Berkin

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About the Authors

Andrew L. Berkin

Andrew Berkin, Ph.D., is head of research and oversees the development and implementation of Bridgeway's statistically driven, evidence-based efforts. Andrew joined Bridgeway in 2013. Prior to joining Bridgeway, Andrew was co-chief investment officer and director of research for Vericimetry Advisors and director of the quantitative research group at First Quadrant. Andrew has published articles ... Read more on Andrew L. Berkin

Larry E. Swedroe

Larry E. Swedroe is the chief research officer for Buckingham Strategic Wealth and Buckingham Strategic Partners. Larry holds an MBA in finance and investments from New York University and a bachelor’s degree in finance from Baruch College. Larry was among the first authors to publish a book that explained the science of investing in layman’s terms, The Only Guide to a Winning Investment ... Read more on Larry E. Swedroe

Contents Listing

Jacket Text

Active managers persistently lag the returns of benchmarks and index funds that track them, with the excuses for underperformance recycled every year. This comprehensive book is the antidote for the active managers’ siren song. If you understand the benefits of indexing, or systematic investing, it will reinforce your commitment while increasing your knowledge.

If you don’t yet believe, Swedroe and Berkin provide a compelling case that you’re playing the loser’s game of active management. Alpha, or outperformance against appropriate risk-adjusted benchmarks, is shrinking as it gets converted into beta, or factor exposures. They demonstrate that even for the most talented managers, their ability to add value is waning because: the amount of alpha available is declining; it must be split among an increasing amount of investment dollars; and the competition is getting tougher.

In this greatly expanded second edition, Swedroe and Berkin show you how to develop an investment plan that focuses on what risks to take, and how much of them, as well as how to build a diversified portfolio. They present a list of vehicles to consider when implementing your plan and provide guidance on the care and maintenance of your portfolio. As a bonus they add appendices that will make you a more informed and, therefore, better investor.

This makes The Incredible Shrinking Alpha a complete guide to successful investment strategy.

Other books by this author


Media Coverage

Seeking Alpha

The good news according to Swedroe is that where alpha has come up increasingly wanting, beta in the form of key factors like value, size, momentum and quality, more than makes up for alpha's ...

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Money Life with Chuck Jaffe

Larry Swedroe, author of 'The Incredible Shrinking Alpha: How to be a Successful Investor Without Picking Winners" discusses his new book.

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Advisor Perspectives

We are going to discuss a book, The Incredible Shrinking Alpha, which is the antidote for the active managers’ siren song. It will reinforce your commitment to indexing or systematic investing, ...

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Ameritrade Network

Larry Swedroe Talks Investment Strategies With Markets At All-Time Highs

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The Coffee House Investor

In this new edition, the authors provide significant amounts of additional evidence showing active management is a loser’s game. Use the efficiency of capital markets to build a common-sense ...

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S&P Global

Larry Swedroe is Chief Research Officer of Buckingham Wealth Partners. Since joining the firm in 1996, Larry has spent his time, talent, and energy educating investors on the benefits of ...

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The Acquirers Podcast

In this episode of The Acquirers Podcast Tobias chats with Larry Swedroe. He’s the author of a brand new book called The Incredible Shrinking Alpha. He’s also the Chief Research Officer at ...

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CNBC

That’s the conclusion of “The Incredible Shrinking Alpha,” a new book by Larry Swedroe, chief research officer for Buckingham Wealth Partners, and Andrew Berkin, head of research at Bridgeway ...

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BloombergQuint

The overarching theme that the book propounds is that while indexing is preferred to active investing, factor-based passive investing to achieve ‘Smart Beta’ returns is the way forward. Indian ...

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Opto

In this expanded second edition, Swedroe looks to warn the public about “just how much the odds are stacked against you if you choose active management”. The book shows readers how they can ...

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Opto

Larry Swedroe, the chief research officer for Buckingham Strategic Wealth and Buckingham Strategic Partners, tells Opto.

In an effort to debunk some of them, he has co-authored The Incredible ...

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Millennial Investing

Larry Swedroe is head of the financial and economic research office for Buckingham Wealth Partners, a Registered Investment Advisor firm in St. Louis, Mo. Previously, Larry was vice chairman of ...

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