The Four Pillars of Investing: Lessons for Building a Winning Portfolio (inbunden)
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Format
Inbunden (Hardback)
Språk
Engelska
Antal sidor
352
Utgivningsdatum
2010-08-16
Upplaga
ed
Förlag
McGraw Hill
Illustratör/Fotograf
figures black & white tables
Illustrationer
illustrations
Dimensioner
235 x 163 x 30 mm
Vikt
640 g
Antal komponenter
1
ISBN
9780071747059

The Four Pillars of Investing: Lessons for Building a Winning Portfolio

av William Bernstein
Inbunden,  Engelska, 2010-08-16

Slutsåld

The classic guide to constructing a solid portfoliowithout a financial advisor!

With relatively little effort, you can design and assemble an investment portfolio that, because of its wide diversification and minimal expenses, will prove superior to the most professionally managed accounts. Great intelligence and good luck are not required.

william bernsteins commonsense approach to portfolio construction has served investors well during the past turbulent decadeand its 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 pulls back the curtain to reveal what really goes on in todays financial industry as he outlines a simple program for building wealth while controlling risk. straightforward in its presentation and generous in its real-life examples, The Four Pillars of Investing presents a no-nonsense discussion of:
  • The art and science of mixing different asset classes into an effective blend
  • The dangers of actively picking stocks, as opposed to investing in the whole market
  • Behavioral finance and how state of mind can adversely affect decision making
  • Reasons the mutual fund and brokerage industries, rather than your partners, are often your most direct competitors
  • Strategies for managing all of your assetssavings, 401(k)s, home equityas one portfolio
investing is not a destination. it is a journey, and along the way are stockbrokers, journalists, and mutual fund companies whose interests are diametrically opposed to yours.

more relevant today than ever, The Four Pillars of Investing shows you how to determine your own financial direction and assemble an investment program with the sole goal of building long-term wealth for you and your family.
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Fler böcker av William Bernstein

Övrig information

William Bernstein (North Bend, OR) runs a website--www.efficientfrontier.com--known for its quarterly journal of asset allocation and portfolio theory, Efficient Frontier.

Innehållsförteckning

preface; introduction; pillar one: the theory of investing; chapter 1. No Guts, No Glory; chapter 2. Measuring the Beast; chapter 3. The Market is Smarter Than you Are; chapter 4. The Perfect Portfolio; pillar two: the history of investing; chapter 5. Tops; chapter 6. Bottoms; pillar three: the psychology of investing; chapter 7. Misbehavior; chapter 8. Behavioral Therapy; pillar four: the business of investing; chapter 9. Your Broker is Not Your Buddy; chapter 10. Neither is Your Mutual Fund; chapter 11. Oliver Stone meets Wall Street: Investment Strategy; chapter 12. Will you Have Enough?; chapter 13. Defining Your Mix; chapter 14. Getting Starts, Keeping it Going; chapter 15. A Final Word

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