Skating Where the Puck Was by William J Bernstein

Skating Where the Puck Was by William J Bernstein

Skating Where the Puck Was: The Correlation Game in a Flat World is the second installment in the Investing for Adults series. This series is not for novices. This booklet explores the notion that, as a general rule, no magic policy rich in high-return/low-correlation alternative asset classes exists that will simultaneously preserve upside reward and protect against downside losses. And as long as I'm lowering your expectations, this booklet is most certainly not a blueprint for the perfect portfolio. You're an adult, after all, so you know that the future efficient frontier lies well beyond our ken; presumably you already know all about the mechanics, long-term benefits, as well as the uncertainties, of wide diversification and factor tilt using low-cost, efficient vehicles and the risk/reward spectrum between all-fixed-income and all-equity portfolios. Rather, this booklet provides a way of navigating a global investment landscape that grows ever more linked by the month, and a way of thinking about diversification.

William J. Bernstein is the author of The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk (2000), The Four Pillars of Investing: Lessons for Building a Winning Portfolio (2002), The Birth of Plenty: How the Prosperity of the Modern World Was Created (2004), A Splendid Exchange: How Trade Shaped the World (2008), and The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between (2009). His latest book, Masters of the Word: How Media Shaped History, a narrative treatment of the relationship among communications technology, culture, and politics, was published in April, 2013 by Grove/Atlantic Press. He is also the author of the Investing for Adults booklet series. The frst two, The Ages of the Investor: A Critical Look at Life-cycle Investing, and Skating Where the Puck Was: The Correlation Game in a Flat World, were both published in 2012.

SKU	Unavailable
ISBN 13	9780988780309
ISBN 10	0988780305
Title	Skating Where the Puck Was
Author	William J Bernstein
Series	Investing For Adults
Condition	Unavailable
Binding Type	Paperback
Publisher	Efficient Frontier Publications
Year published	2012-12-29
Number of pages	34
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable