InhaltsangabeForeword. Preface. Chapter 1 A Brief History of Financial Time. In the Beginning. NearDeath in Venice. The Incredible Shrinking Risk Premium. Summary. Chapter 2 The Nature of the Beast. Of Ravens and Returns. History versus Math. Mr. Gordon's Curious Equation. Math Detail: The Discounted Dividend Model. Home Sweet Home? Adventures in Equity. Math Detail: Risk. Throwing Dice with God. Gene Fama Looks for Angle and Finds None. Sandbagged by a Superstar. Jack Bogle Outfoxes the Suits. It's Better to be Lucky than Smart. Bond Funds: A Flatter Playing Field. Summary. Chapter 3 The Nature of the Portfolio. Four Essential Preliminaries. The Asset Allocation Two-Step. Math Detail: Mean-Variance Analysis. With Luck, Zigs and Zags. Chasing Rainbows. Summary. Chapter 4 The Enemy in the Mirror. Inner Demons. Behaving Badly. BargainBasement Psychotherapy. Summary. Chapter 5 Muggers and Worse. The World's Largest Bad Neighborhood. The Fund Funhouse. Summary. Chapter 6 Building Your Portfolio. Financial Planning for a Lifetime: The Basics. Saving for Retirement: Nuts and Bolts. How to Save: Dollar Cost Averaging and Value Averaging. Four Investors, Four Plans. The Rebalancing Question. Math Detail: Rebalancing, Momentum, and Mean Reversion. Teach Your Children Well. Summary. Chapter 7 The Name of the Game. Investment Theory and History: The Short Course. The Portfolio Theory of Everything. We Have Met the Enemy, and He is Us. Heads I Win, Tails You Lose. Fire When Ready. The Books You Need.Aged Like Fine Wine. Notes. Acknowledgments. About the Author. Index.

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 himself--from first principles up. He is the author of The Intelligent Asset Allocator and The Four Pillars of Investing--highly regarded, plain-spoken guides on how to build a diversified portfolio without the help of a financial advisor--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 coprincipal in Efficient Frontier Advisors.

Leseprobe

Foreword. Preface. Chapter 1: A Brief History of Financial Time. The Price of Money. Near-Death in Venice. The Incredible Shrinking Risk Premium. Chapter 2: The Nature of the Beast. Of Ravens and Returns. History versus Math. Mr. Gordon''s Curious Equation. Home Sweet Home? Adventures in Equity. Throwing Dice with God. Gene Fama Looks for Angle and Finds None. Sandbagged by a Superstar. Jack Bogle Outfoxes the Suits. It''s Better to be Lucky than Smart. Bond Funds: A Flatter Playing Field. Summary. Chapter 3: The Nature of the Portfolio. Four Essential Preliminaries. The Asset Allocation Two-Step. With Luck, Zigs and Zags. Chasing Rainbows. Summary. Chapter 4: The Enemy in the Mirror. Inner Demons. Behaving Badly. Bargain-basement Psychotherapy. Summary. Chapter 5: Muggers and Worse. The World''s Largest Bad Neighborhood. The Fund Funhouse. Summary. Chapter 6: Building Your Portfolio. Financial Planning for a Lifetime: The Basics. Saving for Retirement: Nuts and Bolts. How to Save: Dollar Cost Averaging and Value Averaging. Four Investors, Four Plans. The Rebalancing Question. Teach Your Children Well. Summary. Chapter 7: The Name of the Game. Investment Theory and History: The Short Course. The Portfolio Theory of Everything. We Have Met the Enemy, and He is Us. Heads I Win, Tails You Lose. Fire When Ready. The Books You Need...Aged Like Fine Wine. Notes. Acknowledgments. About the Author. Index.