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Trillions: How a Band of Wall Street Renegades Invented the Index Fund by Robin Wigglesworth
Trillions: How a Band of Wall Street Renegades Invented the Index Fund by Robin Wigglesworth
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Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever
By Robin Wigglesworth
The definitive history of index funds and the financial revolution that reshaped investing.
Overview
In Trillions, Financial Times journalist Robin Wigglesworth tells the fascinating story of how index funds revolutionized investing. From the early skeptics to the pioneers who defied Wall Street's norms, this book explores the journey of passive investing and its profound impact on financial markets. Wigglesworth unpacks the contributions of figures like Jack Bogle, Gene Fama, and John McQuown, offering insights into how the index fund movement democratized investing, slashed fees, and changed the financial industry forever.
Key Takeaways
- The Birth of Index Funds – Discover how the radical idea of passive investing challenged Wall Street’s status quo.
- Evolution of Financial Markets – Understand how ETFs and index funds grew to dominate global investing.
- Market Disruptors – Learn about the key individuals who spearheaded the passive investing movement.
- The Power of Low-Cost Investing – Examine how index funds have saved investors billions in fees.
- Challenges and Controversies – Explore concerns about market stability and the growing dominance of passive funds.
Who Should Read This?
- Investors & Finance Professionals – Gain valuable insights into one of the most important investment innovations.
- Economics & Business Enthusiasts – Learn how financial theories translate into real-world impact.
- Students & Academics – A must-read for those studying finance, economics, and market history.
Why Read This Book?
Whether you’re an active trader, a long-term investor, or simply interested in financial history, Trillions provides an engaging and informative look at how index funds reshaped the investment world. Wigglesworth’s deep research and compelling storytelling make this an essential read for understanding the past, present, and future of investing.
ISBN-13: 9780593087688
ISBN-10: 0593087682