Rational Expectations: Asset Allocation for Investing Adults (Investing for Adults) (Volume 4)
| Author | : | |
| Rating | : | 4.74 (824 Votes) |
| Asin | : | 0988780321 |
| Format Type | : | paperback |
| Number of Pages | : | 214 Pages |
| Publish Date | : | 2015-10-02 |
| Language | : | English |
DESCRIPTION:
If you think you can time the market or pick stocks and mutual fund managers, or even if you think that you can formulate an optimally efficient mean-variance asset allocation with a black box, then learn some basic finance and come back in a few years. Rational Expectations is a clean sheet of paper in the wonky world of quantitatively based asset allocation aimed at small investors. On the other hand, if you know your way around risk premiums and standard deviations and know who Irving Fisher and Benjamin Graham were, and if you want to sharpen your asset class skills, you’ve come to the right place.. Continuing the theme of the Investing for Adults series, this full-length finance title is not for beginners, but rather assumes a fair degree of quantitative ability and finance knowledge
Outstanding! C. Ryan I've read all of Bill Bernstein's books and they are all excellent. Rational Expectations is equally superb. Where Bernstein stands out is his ability to distill dense financial research papers and theories into something that easily readable and usable.He starts out with a review of the historical returns of the major asset . Texas Birder said Very good book. Good approach to the subject of asset allocation. Based on a lot of data, he gives you a good framework to think about personalizing asset allocation for yourself. The book is a bit disappointing in not really giving you a process for how to determine the appropriate asset allocation for yourself. He does a lot of handwaving . I had some irrational expectations about this book Marko There were a lot of things I liked about this work, in that its incredibly up-to-date and really ties together the "investing for adults" series. However, it copy-paste repeats so many examples that you're almost better off reading this book instead of the investing for adults books, and should not really be viewed as book fo