Investor's Manifesto Preparing for Prosperity, Armageddon, and Everything in Between

Name: Investor's Manifesto Preparing for Prosperity, Armageddon, and Everything in Between
Price: 3.57 USD
Availability: InStock
ISBN: 9780470505144

ISBN-10: 0470505141

ISBN-13: 9780470505144

Edition: 2010

Authors: William J. Bernstein, Jonathan Clements

List price: $16.99

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A proven investment approach that maximizes returns over timeSimply put, investing is a difficult endeavor-especially for those with little professional experience in this arena. Only now, with the market's recent collapse, has this become apparent. With the current market maelstrom as a background, this timely guide describes just how to plan a lifetime of investing, discussing stocks and bonds as well as the relationship between risk and return. Filled with in-depth insights and practical advice, Investing for the Ages 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…

Book details

List price: $16.99
Copyright year: 2010
Publisher: John Wiley & Sons, Limited
Publication date: 11/20/2009
Binding: Hardcover
Pages: 224
Size: 6.00" wide x 8.75" long x 1.00" tall
Weight: 0.748
Language: English

Michael E. Edleson is a Managing Director of Morgan Stanley and oversees the firm's equity risk globally. Prior to that, he was Chief Economist of NASDAQ and a finance professor at Harvard Business School. Edleson earned his PhD at MIT. Includes spreadsheets on a companion Web site: www.wiley.com/go/valueaveraging



Foreword


Preface



A Brief History of Financial Time


In the Beginning


Near-Death in Venice


The Incredible Shrinking Risk Premium


Summary



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 Angles and Finds None


Sandbagged by a Superstar


Jack Bogle Outfoxes the Suits


It Is Better to Be Lucky Than Smart


Bond Funds: A Flatter Playing Field


Summary



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



The Enemy in the Mirror


Inner Demons


Behaving Badly


Bargain-Basement Psychotherapy


Summary



Muggers and Worse


The World's Largest Bad Neighborhood


The Fund Funhouse


Summary



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



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