The Four Pillars of Investing: Lessons for Building a Winning Portfolio (Personal Finance & Investment)
| Author | : | |
| Rating | : | 4.35 (997 Votes) |
| Asin | : | 0071747052 |
| Format Type | : | paperback |
| Number of Pages | : | 352 Pages |
| Publish Date | : | 2013-01-06 |
| Language | : | English |
DESCRIPTION:
More often than not, it is.” The Business of Investing: “The stockbroker services his clients in the same way that Bonnie and Clyde serviced banks.”From the essential soundness of classic portfolio theory through the inherent wisdom of investing in multiple asset classes, The Four Pillars of Investing provides a distinctive blend of market history, investing theory, and behavioral finance to help you become a successful, self-sufficient investor.. If you are unprepared, you are sure to fail.” The Psychology of Investing: “Identify the era’s conventional wisdom and assume that it is wrong. Written by noted financial expert and neurologist William Bernstein, this time-honored investing guide provides the knowledge and tools for achieving long-term profitability.Bernstein bridges the four f
Investing 101! O. Halabieh As the title suggests, the author presents within this book four essential pillars of successful investing. Each section of the book is then dedicated to investigating and detailing each of these pillars and they are: 1) Theory 2) History 3) Psychology and 4) Business. The first section on theory, is one which the author calls "the most important part of the book". In his words it "surveys the awesome body of theory and data relevant to everyday investing". This section centers itself around the "fundamental characteristic of any investment is that its return . but this one is more detail and an overall better reference book This should be required reading at the high school or college level. It's fair to say this book, along with "Boglehead's Guide to Investing," changed my life. If you have to pick one, pick "Boglehead's", but this one is more detail and an overall better reference book. Until i read these books, investing seemed too complicated for me, so I either neglected it or paid a "financial advisor" (ha ha) to manage my investments for me. Once i read this book and "Boglehead's", i realized how simple investing is. I have a much greater peace of mind about my retirement . "A classic. A must have. Others needed for a better picture." according to Unanimouse. Swedroe, Bernstein, Bogle, Larimore, Buffet. Get them. Then get online to the "Bogleheads forum", or Morningstar forum.They are a must for personal investment finance for retirees and those working toward a healthy retirement.
Great intelligence and good luck are not required.”William Bernstein’s commonsense approach to portfolio construction has served investors well during the past turbulent decadeand it’s what made The Four Pillars of Investing an instant classic when it was first published nearly a decade ago.This down-to-earth book lays out in easy-to-understand prose the four essential topics that every investor must master: the relationship of risk and reward, the history of the market, the psychology of the investor and the market, and the folly of taking financial advice from investment salespeople.Bernstein pu
. He is the author of three finance booksThe Intelligent Asset Allocator, The Four Pillars of Investing, and The Investor’s Manifestoand two volumes of economic history, The Birth of Plenty and A Splendid Exchange. Bernstein, Ph.D., M.D., is a neurologist and the cofounder of the investment management firm Efficient Frontier Advisors. Bernstein is currently wo