☆☆☆「指數基金教父」約翰．柏格專文讚譽☆☆☆☆☆☆柏格頭論壇雙雄《鄉民的提早退休計畫》作者們強力支持☆☆☆☆眾多指數投資人：查爾斯．艾利斯、威廉．伯恩斯坦、喬納森．克雷蒙等聯名推薦☆投資一定要主動嗎？不努力不積極就不會有獲利嗎？你是不是認為「積極進出市場，才能獲取成效」？你是不是覺得「只要努力，一定能挑到贏過市場的股票」？小心！你的貿然進取恐讓賺錢助力變阻力！其實，投資這門學問沒有你想得這麼困難或辛苦，只要轉變你的投資信仰，放下主動追求被動，使用指數化投資工具加上長期堅持的被動配置，《被動投資學》就是你成功追求致富的不敗信仰！知名《富比士》雜誌專欄作家理查‧菲利（Richard A. Ferri），從主動式證券經紀人變為提供被動式投資組合策略的公司創辦人。改變路線的他，以經紀商的銷售經驗加上實際歷史的研究數據，指明了主動式投資路線的曲折坎坷，以及被動式投資路線的種種優勢，下面，就一起來改變你的投資理念，學習能讓所有人抱得財富歸的投資學問吧！◎改變投資信仰第一招：放棄主動型基金長久以來，許多媒體、主動型基金業者不斷的揮舞著「主動型基金能賺取超額報酬」的大旗，吸引眾多投資人爭先恐後的加入其中。然而這一切只是行銷手法，事實上，主動型基金沒有你知道的那麼好！下列是你可能忽略的投資陷阱：【有銷售佣金或其他相關費用】在賺取超額報酬之前，當你選擇以主動型基金進行操作時，就須先繳納較高的相關手續費或佣金。跟相同投資目標的主動型基金相比較，追蹤指數的基金每年可能只收取0.2％的費用，而主動型基金每年則需收取1.2％的費用。【沒注意到的稅金】主動型基金為了努力賺取超額報酬，因而頻繁進出市場使得週轉率較高，而產生更多的稅金成本，這些成本需由投資人負擔。指數型基金的基金週轉率每年約6%，而主動型基金年度週轉率約50%。【追求高報酬的風險】愈高的報酬伴隨著愈高的風險。像是主動型基金可能會為了追求高報酬，而選擇小型資本公司的股票，因而有較高風險。【成功時的報酬少，失敗時的損失高】你以為只要績效勝出就能獲利，事實上，勝出的主動型基金賺取報酬的獲利程度，遠少於其他績效較差基金虧損所造成的高額損失，也就是說，勝出的主動型基金賺少賠多。【與指數型基金相比，績效較低】根據研究資料統計，當與主動型基金與指數型基金的報酬做比較，只有三分之一的機會主動型基金的績效會勝出，三分之二會輸給指數型基金，整體績效而
The human body is like an exceedingly well-fortified castle, defended by billions of soldiers - some live for less than a day, others remember battles for decades, but all are essential in protecting us from disease. This hidden army is our immune system, and without it we could not survive the eternal war between our microscopic enemies and ourselves. Immune explores the incredible arsenal that lives within us - how it knows what to attack and what to defend, and how it kills everything from the common cold virus to plague bacteria.We see what happens when the immune system turns on us, and how life is impossible without its protection. We learn how diseases try to evade the immune system and exploit its vulnerabilities, and we discover how scientists are designing new drugs to harness the power of the system to fight disease. Do transplants ever reject their new bodies? What is pus? How can your body make more antibodies than there are stars in our galaxy? Why is cancer so hard for o
讓波蒂斯的詩帶孩子認識大自然！超然的想像力結合可愛的插圖，小朋友可以透過解謎的方式，認識動物、植物和天氣。是誰在街道上用有光澤的墨水塗鴉？蝸牛！誰是長長溪流中的一顆逗號？蝌蚪！「波蒂斯詩作的魅力，在於讓已然熟知的事物，以嶄新的面貌在讀者的面前出現。每一頁都是驚喜，每一句都是新奇的體驗。」—《出版人週刊》推薦Who scribbles on the sidewalk with glistening ink? Snail!Who's a comma in a long, long sentence of a stream? Tadpole!Active readers will delight in the clever language and striking illustrations. On each spread, children will solve riddles about the familiar animals, plants and the weather that one child encounters outdoors throughout a whole day. 'The power of Portis's poems, and the surprise each page turn allows, lets readers experience familiar moments with awakened senses, offering them nothing less than a new world filled with fresh experiences.' - Publishers Weekly, starred review
One thing this book is not is a tightly-reasoned argument that leads the reader inevitably to the book’s main thesis. It is rather, like its cover, a collage. It is a hundred—more or less— observation
Despite the rise of ‘new’ security threats like terrorism, cyber-war and piracy, the terrible destructive power of nuclear weapons still hangs over the world. Discussion on further strategic nuclear a
To argue against the widely proclaimed idea of American decline might seem a lonely task. After all, the problems are real and serious. Yet if we take a longer view, much of the discourse about decline appears exaggerated, hyperbolic and ahistorical. Why? First, because of the deep underlying strengths of the United States. These include not only size, population, demography and resources, but also the scale and importance of its economy and financial markets, its scientific research and technology, its competitiveness, its military power and its attractiveness to talented immigrants. Second, there is the weight of history and of American exceptionalism. Throughout its history, the United States has repeatedly faced and eventually overcome daunting challenges and crises. Contrary to a prevailing pessimism, there is nothing inevitable about American decline. Ultimately, the ability to avoid serious decline is less a question of material factors than of policy, leadership and political w
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This book is a thought-provoking piece that has the power to make a very difficult subject simple and easy to understand. The will of man is no less and no more than man's God-given right to choose be
