内容简介
The classic guide to constructing a solid portfolio— with out afinancial advisor!
“With relatively little effort, you can design and assemble aninvestment portfolio that, because of its wide diversification andminimal expenses, will prove superior to the most professionallymanaged accounts. Great intelligence and good luck are notrequired.”
William Bernstein’s commonsense approach toportfolio construction has served investors well during the pastturbulent decade—and it’s what made The Four Pillars of Investingan instant classic when it was first published nearly a decadeago.
This down-to-earth book lays out ineasy-to-understand prose the four essential topics that everyinvestor must master: the relationship of risk and reward, thehistory of the market, the psychology of the investor and themarket, and the folly of taking financial advice from investmentsalespeople.
Bernstein pulls back the curtain to reveal whatreally goes on in today’s financial industry as he outlines asimple program for building wealth while controlling risk.Straightforward in its presentation and generous in its real-lifeexamples, The Four Pillars of Investing presents a no-nonsensediscussion of:
“With relatively little effort, you can design and assemble aninvestment portfolio that, because of its wide diversification andminimal expenses, will prove superior to the most professionallymanaged accounts. Great intelligence and good luck are notrequired.”
William Bernstein’s commonsense approach toportfolio construction has served investors well during the pastturbulent decade—and it’s what made The Four Pillars of Investingan instant classic when it was first published nearly a decadeago.
This down-to-earth book lays out ineasy-to-understand prose the four essential topics that everyinvestor must master: the relationship of risk and reward, thehistory of the market, the psychology of the investor and themarket, and the folly of taking financial advice from investmentsalespeople.
Bernstein pulls back the curtain to reveal whatreally goes on in today’s financial industry as he outlines asimple program for building wealth while controlling risk.Straightforward in its presentation and generous in its real-lifeexamples, The Four Pillars of Investing presents a no-nonsensediscussion of: