The Four Pillars of Investing: Lessons for Building a Winning Portfolio / Edition 1

The Four Pillars of Investing: Lessons for Building a Winning Portfolio / Edition 1

2.8 6
by William J. Bernstein
     
 

ISBN-10: 0071747052

ISBN-13: 9780071747059

Pub. Date: 06/17/2010

Publisher: McGraw-Hill Professional Publishing

Since its initial publication, The Four Pillars of Investing has become a staple for the independent-minded investor looking to make better-informed investment decisions. 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

Overview

Since its initial publication, The Four Pillars of Investing has become a staple for the independent-minded investor looking to make better-informed investment decisions. 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 fundamental topics successful investors use to generate exceptional profits on a consistent basis:

The Theory of Investing: "Do not expect high returns without risks."

The History of Investing: "About once every generation, the markets go barking mad. 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. 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.

Product Details

ISBN-13:
9780071747059
Publisher:
McGraw-Hill Professional Publishing
Publication date:
06/17/2010
Edition description:
List
Pages:
352
Sales rank:
149,764
Product dimensions:
6.20(w) x 9.10(h) x 1.30(d)

Table of Contents

Preface vii

Introduction xi

Pillar 1 The Theory of Investing 1

Chapter 1 No Guts, No Glory 3

Chapter 2 Measuring the Beast 43

Chapter 3 The Market Is Smarter Than You Are 75

Chapter 4 The Perfect Portfolio 107

Pillar 2 The History of Investing 127

Chapter 5 Tops: A History of Manias 129

Chapter 6 Bottoms: The Agony and the Opportunity 153

Pillar 3 The Psychology of Investing 163

Chapter 7 Misbehavior 165

Chapter 8 Behavioral Therapy 181

Pillar 4 The Business of Investing 189

Chapter 9 Your Broker Is Not Your Buddy 191

Chapter 10 Neither Is Your Mutual Fund 203

Chapter 11 Oliver Stone Meets Wall Street 219

Investment Strategy: Assembling the Four Pillars 227

Chapter 12 Will You Have Enough? 229

Chapter 13 Defining Your Mix 243

Chapter 14 Getting Started, Keeping It Going 281

Chapter 15 A Final Word 295

Bibliography 299

Index 305

2010 Postscript 317

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