The Little Book of Alternative Investments: Reaping Rewards by Daring to be Different
Praise For THE LITTLE BOOK OF ALTERNATIVE INVESTMENTS

"Ben and Phil have done it again. Another lucid, insightful book, designed to enhance your wealth! In today's stock-addled cult of equities, there is a gaping hole in most investors' portfolios...the whole panoply of alternative investments that can simultaneously help us cut our risk, better hedge our inflation risk, and boost our return. This Little Book is filled with big ideas on how to make these markets and strategies a treasured part of our investing toolkit."
Robert Arnott, Chairman, Research Affiliates

"I have been reading Ben Stein for thirty-five years and Phil DeMuth since he joined up with Ben ten years ago. They do solid work, and this latest is no exception."
Jim Rogers, author of A Gift to My Children

"If anyone can make hedge funds sexy, Stein and DeMuth can, and they've done it with style in this engaging, instructive, and tasteful how-to guide for investing in alternatives. But you should read this Kama Sutra of investment manuals not just for the thrills, but also to learn how to avoid the hazards of promiscuous and unprotected investing."
Andrew Lo, Professor and Director, MIT Laboratory for Financial Engineering

1100319230
The Little Book of Alternative Investments: Reaping Rewards by Daring to be Different
Praise For THE LITTLE BOOK OF ALTERNATIVE INVESTMENTS

"Ben and Phil have done it again. Another lucid, insightful book, designed to enhance your wealth! In today's stock-addled cult of equities, there is a gaping hole in most investors' portfolios...the whole panoply of alternative investments that can simultaneously help us cut our risk, better hedge our inflation risk, and boost our return. This Little Book is filled with big ideas on how to make these markets and strategies a treasured part of our investing toolkit."
Robert Arnott, Chairman, Research Affiliates

"I have been reading Ben Stein for thirty-five years and Phil DeMuth since he joined up with Ben ten years ago. They do solid work, and this latest is no exception."
Jim Rogers, author of A Gift to My Children

"If anyone can make hedge funds sexy, Stein and DeMuth can, and they've done it with style in this engaging, instructive, and tasteful how-to guide for investing in alternatives. But you should read this Kama Sutra of investment manuals not just for the thrills, but also to learn how to avoid the hazards of promiscuous and unprotected investing."
Andrew Lo, Professor and Director, MIT Laboratory for Financial Engineering

24.95 Out Of Stock
The Little Book of Alternative Investments: Reaping Rewards by Daring to be Different

The Little Book of Alternative Investments: Reaping Rewards by Daring to be Different

The Little Book of Alternative Investments: Reaping Rewards by Daring to be Different

The Little Book of Alternative Investments: Reaping Rewards by Daring to be Different

Hardcover

$24.95 
  • SHIP THIS ITEM
    Temporarily Out of Stock Online
  • PICK UP IN STORE
    Check Availability at Nearby Stores

Related collections and offers


Overview

Praise For THE LITTLE BOOK OF ALTERNATIVE INVESTMENTS

"Ben and Phil have done it again. Another lucid, insightful book, designed to enhance your wealth! In today's stock-addled cult of equities, there is a gaping hole in most investors' portfolios...the whole panoply of alternative investments that can simultaneously help us cut our risk, better hedge our inflation risk, and boost our return. This Little Book is filled with big ideas on how to make these markets and strategies a treasured part of our investing toolkit."
Robert Arnott, Chairman, Research Affiliates

"I have been reading Ben Stein for thirty-five years and Phil DeMuth since he joined up with Ben ten years ago. They do solid work, and this latest is no exception."
Jim Rogers, author of A Gift to My Children

"If anyone can make hedge funds sexy, Stein and DeMuth can, and they've done it with style in this engaging, instructive, and tasteful how-to guide for investing in alternatives. But you should read this Kama Sutra of investment manuals not just for the thrills, but also to learn how to avoid the hazards of promiscuous and unprotected investing."
Andrew Lo, Professor and Director, MIT Laboratory for Financial Engineering


Product Details

ISBN-13: 9780470920046
Publisher: Wiley
Publication date: 03/29/2011
Series: Little Books. Big Profits , #31
Pages: 288
Product dimensions: 5.30(w) x 7.10(h) x 1.20(d)

About the Author

Ben Stein is a respected economist who is known to many as a movie and television personality, but has worked more in personal and corporate finance than anywhere else. He has written about finance for Barron's, the Wall Street Journal, the New York Times, and Fortune; was one of the chief busters of the junk-bond frauds of the 1980s; has been a longtime critic of corporate executives' self-dealing; and has cowritten eight finance books. Stein travels the country speaking about finance in both serious and humorous ways, and is a regular contributor to CBS's Sunday Morning, CNN, and Fox News. He was the winner of the 2009 Malcolm Forbes Award for Excellence in Financial Journalism.

Phil Demuth is Managing Director of Conservative Wealth Management LLC, a registered investment advisor to high-net-worth individuals, institutions, and foundations. He has cowritten seven books with Ben Stein and has also written for the Wall Street Journal, Barron's, Louis Rukeyser's Mutual Funds newsletter, and the Journal of Financial Planning. His television appearances include Ludlow & Company, Glenn Beck, Squawk Box, Forbes on Fox, and Wall Street Week.

Read an Excerpt

Click to read or download

Table of Contents

Introduction: Are You Alternative? Dare to Expose Yourself xiii

Chapter One Everything You Know Is Wrong: Classify Your Investments the Alternative Way 1

Chapter Two Efficient Market Theory and Its Discontents: Out with the Old, In with the New—Overhauling the 60/40 Portfolio 17

Chapter Three Collectibles as Investments: Beauty in the Eye of the Marketplace 37

Chapter Four More Alternatives We Don’t Love: The Elephant’s Graveyard of Financial Products 49

Chapter Five Conventional Alternatives I—Commodities: To Make a Killing, Take Out a Contract 67

Chapter Six Conventional Alternatives II—Real Estate: In Real Estate We Trust 83

Chapter Seven The Ultimate Alternative Investments: Hedge Fundamentals 95

Chapter Eight So Why Invest in Hedge Funds?: Okay, We Lied 119

Chapter Nine A Field Guide to Hedge Funds, Part One: The Long and the Short of It 133

Chapter Ten A Field Guide to Hedge Funds, Part Deux: Arbitrage, et al. 151

Chapter Eleven One-Fund Solutions: Destroy All Replicants—or Not? 171

Chapter Twelve Hedge Funds Pigs in Mutual Fund Blankets: The Mutual Fund Beauty Pageant Begins 189

Chapter Thirteen Adding Alternative Investments to Your Portfolio: Finding Your Portfolio’s G-Spot 213

Conclusion: Quest into the Unknown 239

Appendix: Fundamentals 243

Acknowledgments 253

About the Authors 255

From the B&N Reads Blog

Customer Reviews