A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan (Bloomberg)
| Author | : | |
| Rating | : | 4.59 (642 Votes) |
| Asin | : | B00TWK3TX4 |
| Format Type | : | |
| Number of Pages | : | 212 Pages |
| Publish Date | : | 2015-05-14 |
| Language | : | English |
DESCRIPTION:
BEN CARLSON, CFA, has spent his career managing institutional portfolios for endowments, foundations, and pension plans. . He is also the creator and author of the blog A Wealth of Common Sense (awealthofcommonsense) and is a Yahoo! Finance Contributor
A Wealth of Common Sense helps all investors make more informed decisions using sound thinking as a guiding framework to help alleviate some of the lasting damage from the market crash. Filled with practical advice and in-depth insights, A Wealth of Common Sense shows you how with basic, sensible guidance for improving long-term investment results and making rational decisions in all market conditions. . So how can you approach your own portfolio and the financial markets more confidently? Financial specialist Ben Carlson shows you how. In A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan, Carlson explores those issues you should pay attention to, as opposed to those that are used as an illusion of intelligence and control. This is a false premise that far too many both inside and outside of the industry have come to believe. Drawing from his career in portfolio management during which he worked with complex and sophis
"this is a very good book to read" according to Peter X. For anyone interested in investing, and especially for the long term, this is a very good book to read. I have been investing for over thirty years and I wish I had a book like this when I started to invest. It is a very practical book with no get-rich-quick schemes. Rather the emphasis is on simplicity, planning and patience. This includes creating a portfolio with a limited number of investments selected in accordance with an overall asset allocation plan, preferably (but not necessarily limited to) index funds, and being patient th. "One of the best wealth management books out there" according to Amazon Customer. One of the best wealth management books out there. Ben is a fantastic writer and hits many of the behavioral and cognitive aspects that affect investors. If you work in money management - read this book. If you do your own investing - read this book.. It is a must-read for those who wish to successfully It is a must-read for those who wish to successfully invest their hard-earned living. Carlson provided a systematic way of structuring your investment to achieve your desired outcome, and warning against many common mistakes made by majority of investors.
Without the burden of short-term performance benchmarks, individual investors have the advantage of focusing on the long view, and the freedom to construct the kind of portfolio that will serve their investment goals best. The financial market is a complex system, but that doesn't mean it requires a complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes." Information is important, but understanding and perspective are the keys to better decision-making. This book proves how complex strategies essentially waste these advantages, and provides an alternative game plan for those ready to simplify.Complexity is often used as a mechanism for talking investors into unnecessary purchases, when all most need is a deeper understanding of conventional options. A simple guide to a smarter strategy for the individual investorA Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simpl