Millions of mutual-fund investors sleep well at night, serene in the belief that superior outcomes result from pooling funds with like-minded investors and engaging high-quality investment managers to provide professional insight. The conventional wisdom ends up hopelessly unwise, as evidence shows an overwhelming rate of failure by mutual funds to deliver on promises.

Unconventional Success: A Fundamental Approach to Personal Investment (ed. Simon and Schuster, 2005) - ISBN: 9780743274616