Title: The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between.
Author: William J. Bernstein
Pages: 201 Hardcover
Price: US $24.95 (This price is valid for India. Change location to view local pricing and availability)
Published: November 2009
For those who felt The Intelligent Asset Allocator too intelligent to understand or were caught in the complexities of the tables and graphs in the popular book â€“ The Four Pillars of Investing, here comes a refreshing read from someone who had promised not to write again. William J. Bernstein, explores the theoretical basis of investing and designing portfolios weaving in interesting tit-bits of financial history in the process..
Known as a grassroots hero to independent investors, he employs a financial telescope to survey broad swaths of investment history and theory in the first three chapters.
In a chapter titled "The Enemy in the Mirror" he gives some insight into neuroanatomy citing that scientists have been able to locate the two systems within our brain that mediate fear and greed.
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.
Filled with in-depth insights and practical advice, The Investor's Manifesto will help you understand the nuts and bolts of executing a lifetime investment plan, including: how to survive dealing with the investment industry, the practical meaning of market efficiency, how much to save, how to maintain discipline in the face of panics and manias, and what vehicles to use to achieve financial security and freedom.
Written by bestselling author William J. Bernstein, well known for his insights on how individual investors can manage their personal wealth and retirement funds wisely
Examines how the financial landscape has radically altered in the past two years, and what investors should do about it
Contains practical insights that the everyday investor can understand
Focuses on the concept of Pascal's Wager-identifying and avoiding worst-case scenarios, and planning investment decisions on that basis
With The Investor's Manifesto as your guide, you'll quickly discover the timeless investment approaches that can put you in a better position to prosper over time.
Besides reading this book, the author also generously suggests in the end - The Books You Need...Aged Like Fine Wine.
About the Author:
William J. Bernstein, PhD, MD, is a bestselling author known as a grassroots hero to independent investors. Formerly a practicing neurologist, Bernstein approaches the problems of saving and investing as someone who had to figure it out for himselfâ€”from first principles up. He is the author of The Intelligent Asset Allocator and The Four Pillars of Investingâ€”highly regarded, plain-spoken guides on how to build a diversified portfolio without the help of a financial advisorâ€”the editor of the asset allocation journal Efficient Frontier, and the founder of the popular Web site efficientfrontier.com. He has also written two volumes of economic history, The Birth of Plenty and A Splendid Exchange, and is a co-principal in Efficient Frontier Advisors
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