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CFA Institute Book Review

CFA Institute Book Review

Your Portfolio Is Broken: Who’s to Blame and How to Fix It (2013). By Chris Turnbull, CFA
The Index House, www.theindexhouse.com. 90 pages, C$15.00.


Reviewed by Biharilal Deora, CFA, CIPM
Book Review Editor: Martin S. Fridson, CFA



In this guide to index investing, the author counsels investors with “broken portfolios”—characterized by high fees, high taxes, and high turnover—to consider such passive investment strategies as indexing and to seek professional investment advisers who will realign their portfolios pursuant to a disciplined investment process with achievable objectives and a firm eye on downside risk.