In his hard-nose The Trouble with Mutual Funds Kurt Linn takes the reader behind the scenes of the mutual fund industry to discover the real reasons mutual funds perform so poorly, and to see clearly the contradictions at the core of the very idea of a mutual fund. With meticulous research, concrete examples and a style that's plain and simple, the book drives home the sad truth about mutual fund companies: Their money managers neglect the basics of long-term investing while their marketing execs are hard at work keeping you and the rest of the nation of investors in the dark. Then the reader is turned from the current state of decline in the industry to a brighter alternative, to the start of the index investing revolution.The fundamentals of passively managed index funds lead back in time, to the birth of public investment portfolios over a half century ago -- where we find an integrity and a concern for legitimate investment performance in the industry's founders -- a seriousness...

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