The classic guide to constructing a solid portfolio- with out 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 Bernstein's commonsense approach to portfolio construction has served
investors well during the past turbulent decade-and 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 pulls back the curtain to reveal what really goes on in today's 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 assets-savings, 401(k)s, home equity-as 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.

Download File Size:221.94 MB

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