The Four Pillars of Investing, Second Edition: Lessons for Building a Winning Portfolio William J. Bernstein

The Four Pillars of Investing, Second Edition: Lessons for Building a Winning Portfolio William J. Bernstein – Ebook Instant Download/Delivery ISBN(s):9781264716425, 1264716427

Product details:

• ISBN 10: 1264716427
• ISBN 13: 9781264716425
• Author: William J. Bernstein

The classic guide to constructing a solid portfolio―without a financial advisor! First published two decades ago, The Four Pillars of Investing has been the go-to resource for an entire generation of investors. This updated edition of the investing classic provides the foundational knowledge you need to avoid the most common pitfalls and build a portfolio in today’s roller-coaster world of investing. Retired neurologist and master investor William J. Bernstein has seen it all throughout his career. Buying investments with borrowed money. Chasing past performance. Overestimating one’s own risk tolerance. Listening to cable news. These are just a few of the many mistakes he has witnessed smart, serious investors make, to the peril of their portfolios. Add to these behavioral errors such economic factors as deflation, sudden stock declines, soaring inflation, and the like—and investing can seem like something to be avoided at all costs. But with the right discipline and knowledge, you can build and manage an impressive portfolio. It all comes down to understanding four key pillars: Theory: Risk and return go hand in hand—you can’t make money without risk History: Understand past markets to understand today’s markets Psychology: Avoid the most common behavioral mistakes that tank portfolios Business: The cost of investment services can be high—unreasonably high After taking you on a deep dive into each of these topics, Bernstein walks you through the process of designing and maintaining a powerful portfolio. Times have changed. Economies have changed. And markets are ever-changing. But sound investing principles haven’t changed. Use The Four Pillars of Investing to stay a step ahead of your investing peers and build a portfolio to be proud of.

Table of contents:

CHAPTER 1 No Balls, No Blue Chips
CHAPTER 2 Odds and Ends
CHAPTER 3 The Recent History of Randomovia
CHAPTER 4 The Perfect Portfolio
CHAPTER 5 Asset Allocation for Investing Adults, Part 1
CHAPTER 6 Asset Allocation for Investing Adults, Part 2
CHAPTER 7 Asset Allocation for Investing Adults, Part 3
PILLAR TWO The History of Investing
CHAPTER 8 A Brief History of Financial Time
CHAPTER 9 Tops
CHAPTER 10 Bottoms
PILLAR THREE The Psychology of Investing
CHAPTER 11 Misbehavior
CHAPTER 12 Dealing with the Shakespeare
PILLAR FOUR The Business of Investing
CHAPTER 13 Your Broker (Sorry, “Investment Advisor”) Is Not Your Buddy
CHAPTER 14 The Improving Mutual Fund Scene
CHAPTER 15 Investment Pornography and You
INVESTMENT STRATEGY Assembling the Four Pillars
CHAPTER 16 How Much Do You Need to Retire?
CHAPTER 17 Building It, Maintaining It, and Spending It
CHAPTER 18 Nuts and Bolts
CHAPTER 19 A Final Word

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