The Intelligent Asset Allocator : How to Build Your Portfolio to Maximize Returns and Minimize Risk Hardback
This book includes time-tested techniques - safe, simple, and proven effective - for building your own investment portfolio. "As its title suggest, Bill Bernstein's fine book honors the sensible principles of Benjamin Graham in the "Intelligent Investor".
Bernstein's concepts are sound, his writing crystal clear, and his exposition is orderly.
Any reader who takes the time and effort to understand his approach to the crucial subject of asset allocation will surely be rewarded with enhanced long-term returns." - John C.
Bogle, Founder and former Chief Executive Officer, The Vanguard Group President, Bogle Financial Markets Research Center, Author of "Common Sense on Mutual Funds"."Bernstein has become a guru to a peculiarly '90s group: well-educated, Internet-powered people intent on investing well - and with minimal 'help' from professional Wall Street." - Robert Barker, Columnist, "BusinessWeek". "I go home and tell my wife sometimes, 'I wonder if (Bernstein) doesn't know more than me.' It's humbling." - John Rekenthaler, Research Chief, Morningstar Inc.
William Bernstein is an unlikely financial hero. A practicing neurologist, he used his self-taught investment knowledge and research to build one of today's most respected investor's websites.
Now, let his plain-spoken "The Intelligent Asset Allocator" show you how to use the time-honored techniques of asset allocation to build your own pathway to financial security - one that is easy-to-understand, easier-to-apply, and supported by 75 years of solid history and wealth-building results.
- Format: Hardback
- Pages: 224 pages, 50 illustrations
- Publisher: McGraw-Hill Education - Europe
- Publication Date: 01/09/2000
- Category: Investment & securities
- ISBN: 9780071362368
Showing 1 - 2 of 2 reviews.
Review by Steve777
Very helpful explanation of how to determine your asset allocation. Good argument for importance of regular rebalancing, avoiding small-cap growth stocks, having some bonds (esp short-term), and good expense ratio targets.
Review by rsubber
Bernstein offers a somewhat disorganized explanation, defense and prescription for the "asset allocation model" for low-risk investing. I am moved to develop a rebuttal to the model. The mathematical theory seems rigorous enough: diversified investments can be structured to minimize (not eliminate) risk as defined by variance over time. However, the definition of risk is ambiguous and possible non-actionable. It is not apparent to me that there is any rigorous defense of a particular asset allocation mix for a particular investor with a particular so-called "tolerance for risk." I believe it may be possible to show that this asset allocation model is an arbitrary, simply conventional "cover your ass" posture for investment advisors who can't articulate a better system of investment advice.