You can beat the market by avoiding risk-averse, career-protecting investment managers and index-based strategies that are perfectly satisfied with mediocrity. Fact is, as indexing and quasi-indexing have become more prevalent, the dangers of these strategies have become more pronounced: a bias toward overvalued, overgrown, large-cap stocks likely to hit long periods of underperformance. But there’s good news: If you’re willing to invest a bit more of your own time, you have a much better chance of beating the pros than they want you to think. In Beating the Indexes, leading trader and Minyanville columnist Bill Feingold shows you how to systematically exploit the biases and mediocrity of index investors, and continuously make winning investments. Writing for individual investors as well as professional advisors and money managers, Feingold introduces a more profitable set of investing strategies based on convertible bonds and related alternative investments. In this surprisingly readable (even fun to read) book, each chapter exposes one index investing myth – and presents a powerful strategy for beating investors who still buy into it. If you’re tired of minimal returns that disappear with the slightest market volatility, this is the book you’ve been searching for.

你可以通过避免规避风险、保护职业生涯的投资经理和完全满足于平庸的指数型策略来战胜市场。事实是，随着指数化和准指数化越来越普遍，这些策略的危险也越来越明显：倾向于高估、过度增长的大盘股，这些大盘股可能会长期表现不佳。但有一个好消息：如果你愿意投入更多的时间，你有更好的机会击败专业人士比他们希望你想。在击败指数，领先的交易员和Minyanville专栏作家比尔费因戈尔德告诉你如何系统地利用指数投资者的偏见和平庸，并不断取得成功的投资。Feingold为个人投资者以及专业顾问和基金经理撰写文章，介绍了一套基于可转换债券和相关另类投资的更有利可图的投资策略。在这本可读性惊人（甚至读起来很有趣）的书中，每一章都揭示了一个指数投资神话，并提出了一个击败仍在买入的投资者的强大策略。如果你厌倦了最小的回报和市场波动最小的消失，这是你一直在寻找的书。