Böcker av William J. Bernstein

This new edition of the bestselling guide brings sophisticated investors-including institutional and individual investors, investment bankers, and those who want to follow in the footsteps of legends like John Bogle-up to date on ETFs, risk management, neuropsychological investing concepts, and moreSince its original publication two decades ago, The Four Pillars of Investing has become a classic guide for serious investors. The practicalities of investing, however, have changed dramatically, particularly pertaining to ETFs, and thinking has evolved about a host of key issues, such as lifecycle finance, the nature of risk, and basic finance and neuropsychological concepts. This new edition has been fully updated to address all these issues.Retired neurologist and hugely popular finance author William Bernstein applies his trademark informal writing style to help you become more self-sufficient and make better-informed investment decisions. He walks you through the "four pillars" of investing:The Theory of Investing: "Do not expect high returns without risks."The History of Investing: "About once every generation, the markets go barking mad. If you are unprepared, you are sure to fail."The Psychology of Investing: "Your greatest investment enemy is the face staring back at you in the window."The Business of Investing: "The investment industry wants to make you poor and stupid. Don't let them."You'll learn how to build a solid foundation for investing by focusing on these four essential lessons, each of which builds upon the other. The Four Pillars of Investing includes practical investing advice based on fascinating history lessons from the market, exercises to determine risk tolerance as an investor, and easy-to-understand explanations of risk and reward in the capital markets.This unmatched resource provides the tools you need to construct a high-performance portfolio-without the help of a financial adviser.

A provocative, highly acclaimed narrative of how prosperity has been the engine of civilization for the last 200 years.

Time-Tested Techniques - Safe, Simple, and Proven Effective - for Building Your Own Investment Portfolio."e;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 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."e; - John C. Bogle, Founder and former Chief Executive Officer, The Vanguard Group President, Bogle Financial Markets Research Center Author, common Sense on Mutual Funds. "e;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."e; - Robert Barker, Columnist, BusinessWeek. "e;I go home and tell my wife sometimes, 'I wonder if [Bernstein] doesn't know more than me.' It's humbling."e; - 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.

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.