The Investor´s Quotient:2. Auflage Jacob I. Bernstein
The Investor´s Manifesto:Preparing for Prosperity, Armageddon, and Everything in Between William J. Bernstein
A timeless approach to investing wisely over an investment lifetime With the current market maelstrom as a background, this timely guide describes just how to plan a lifetime of investing, in good times and bad, discussing stocks and bonds as well as the relationship between risk and return. Filled with in-depth insights and practical advice, The Investor´s Manifesto will help you understand the nuts and bolts of executing a lifetime investment plan, including: how to survive dealing with the investment industry, the practical meaning of market efficiency, how much to save, how to maintain discipline in the face of panics and manias, and what vehicles to use to achieve financial security and freedom. * Written by bestselling author William J. Bernstein, well known for his insights on how individual investors can manage their personal wealth and retirement funds wisely * Examines how the financial landscape has radically altered in the past two years, and what investors should do about it * Contains practical insights that the everyday investor can understand * Focuses on the concept of Pascal´s Wager-identifying and avoiding worst-case scenarios, and planning investment decisions on that basis With The Investor´s Manifesto as your guide, you´ll quickly discover the timeless investment approaches that can put you in a better position to prosper over time.
Summary: The Investor´s Manifesto:Review and Analysis of Bernstein´s Book BusinessNews Publishing
As recently as a generation or two ago, the lack of financial ability wasn´t a handicap for the average person. But in today´s world - where most of us have been forced to manage our own investment and retirement portfolios - it has become essential to understand the finer points of our financial life. While the meltdown of 2008 - 2009 has compounded the complexity of the investment landscape, timeless investment principles can help you navigate even the toughest investment terrain. That´s why best-selling author William Bernstein - a grassroots hero to independent investors - has written The Investor´s Manifesto. Approaching the problems of investing and saving from the perspective of someone who has had to figure it out for himself, Bernstein knows firsthand how difficult these endeavors can be - especially for those with little professional experience in this arena. Now, with the current market maelstrom as a backdrop, he skillfully describes what it takes to plan for a lifetime of investing, discussing stocks and bonds as well as the relationship between risk and return. Potentially generous returns are available to the brave, the disciplined, and the liquid. If you follow the advice found here and keep your head while others lose theirs, then you will have a fighting chance of avoiding the financial pitfalls in front of you and profiting over the long-term. 1. Language: English. Narrator: Scott Peterson. Audio sample: http://samples.audible.de/bk/gdan/000334/bk_gdan_000334_sample.mp3. Digital audiobook in aax.
Buy Low / Sell High:A Commonsense Guide On Becoming a Better Investor. 1. Auflage Sabin H. Bernstein
One of the foremost financial writers of his generation, PeterBernstein has the unique ability to synthesize intellectual historyand economics with the theory and practice of investmentmanagement. Now, with classic titles such as Economist on WallStreet, A Primer on Money, Banking, and Gold, and The Price ofProsperity--which have forewords by financial luminariesand new introductions by the author--you can enjoy some of thebest of Bernstein in his earlier Wall Street days. With the proliferation of financial instruments, new areas ofinstability, and innovative capital market strategies, manyeconomists and investors have lost sight of the fundamentals of thefinancial system--its strengths as well as its weaknesses.A Primer on Money, Banking, and Gold takes you back to thebeginning and sorts out all the pieces. Peter Bernstein skillfully addresses how and why commercialbanks lend and invest, where money comes from, how it moves fromhand to hand, and the critical role of interest rates. He exploresthe Federal Reserve System and the consequences of the Fed´sactions on the overall economy. But this book is not just about thepast. Bernstein´s novel perspective on gold and the dollar iscritical for today´s decision makers, as he provides extensiveviews on the future of money, banking, and gold in the worldeconomy. This illuminating story about the heart of our economic systemis essential reading at a time when developments in finance aremore important than ever.
William Bernstein´s The Four Pillars of Investing gives investors the tools they need to construct top-returning portfolios without the help of a financial adviser. In a relaxed, nonthreatening style, Dr. Bernstein provides a distinctive blend of market history, investing theory, and behavioral finance, one designed to help every investor become more self-sufficient and make better-informed investment decisions. The Four Pillars of Investing explains how any investor can build a solid foundation for investing by focusing on four essential lessons, each building upon the other. Containing all of the tools needed to achieve investing success, without the help of a financial advisor, it presents: Practical investing advice based on fascinating history lessons from the market Exercises to determine risk tolerance as an investor An easy-to-understand explanation of risk and reward in the capital markets 1. Language: English. Narrator: Chris Ryan. Audio sample: http://samples.audible.de/bk/graw/000010/bk_graw_000010_sample.mp3. Digital audiobook in aax.
The classic guide to constructing a solid portfolio - without 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 to 1. Language: English. Narrator: Scott R. Pollak. Audio sample: http://samples.audible.de/bk/graw/000837/bk_graw_000837_sample.mp3. Digital audiobook in aax.