Rational Expectations: Asset Allocation for Investing Adults (Investing for Adults) (Volume 4)
| Author | : | |
| Rating | : | 4.90 (596 Votes) |
| Asin | : | 0988780321 |
| Format Type | : | paperback |
| Number of Pages | : | 214 Pages |
| Publish Date | : | 2016-01-08 |
| Language | : | English |
DESCRIPTION:
C. Ryan said Outstanding!. I've read all of Bill Bernstein's books and they are all excellent. Rational Expectations is equally superb. Where Bernstein stands out is his ability to distill dense financial research papers and theories into something that easily readable and usable.He starts out with a review of the historical returns of the major asset classes and continues to develop rational expectations for future returns. He goes a bit deeper into rational for a small and value tilt to your portfolio as well as investigating the momentum factor. Other areas covered include . Very good book Good approach to the subject of asset allocation. Based on a lot of data, he gives you a good framework to think about personalizing asset allocation for yourself. The book is a bit disappointing in not really giving you a process for how to determine the appropriate asset allocation for yourself. He does a lot of handwaving saying "you're an investing adult." I understand that he can't feed us a formula or give us a canned asset allocation recommendation, because everyone's time horizon, assets, and risk tolerance are different. But it would be good. I had some irrational expectations about this book Marko There were a lot of things I liked about this work, in that its incredibly up-to-date and really ties together the "investing for adults" series. However, it copy-paste repeats so many examples that you're almost better off reading this book instead of the investing for adults books, and should not really be viewed as book for in the series. It reads like a bunch of mini rants rather than a coherent book, which is slightly disappointing given how great of a writer Dr. Bernstein is. Nonetheless, it has a lot of great insights into the market today.
On the other hand, if you know your way around risk premiums and standard deviations and know who Irving Fisher and Benjamin Graham were, and if you want to sharpen your asset class skills, you’ve come to the right place.. Rational Expectations is a clean sheet of paper in the wonky world of quantitatively based asset allocation aimed at small investors. Continuing the theme of the Investing for Adults series, this full-length finance title is not for beginners, but rather assumes a fair degree of quantitative ability and finance knowledge. If you think you c