Index Funds: The 12-Step Recovery Program for Active Investors

Hebner's decision to frame the abandonment of stock-picking as a twelve-step recovery is a genuinely clever move — it gives the behavioral psychology legs that a dry academic survey would lack, and the Nobel Laureate endorsements plus multiple festival awards confirm the intellectual rigor behind the memorable framing. The one real trade-off in audio is the oil paintings and color charts that anchor the print edition simply vanish, so listeners following an argument built partly on visual evidence will want the print companion nearby. Kent Lutt narrates cleanly, and the listen is worth it for active investors ready to be convinced.

🎙 Narration: good Kent Lutt (Ballast Books) delivers professional, clear narration; the main audio caveat is structural — the rich visual content of the print edition does not translate, so listeners miss charts and paintings central to the original experience.