AnyBook4Less.com	Find the Best Price on the Web Order from a Major Online Bookstore
Home  |  Store List  |  FAQ  |  Contact Us  |
Ultimate Book Price Comparison Engine Save Your Time And Money Keyword AuthorISBN

Title: The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk by William J. Bernstein ISBN: 0-07-136236-3 Publisher: McGraw-Hill Trade Pub. Date: 22 September, 2000 Format: Hardcover Volumes: 1 List Price(USD): $29.95

Your Country USA Canada United Kingdom Australia Austria Belgium France Germany Italy Netherlands Switzerland Currency AutoUSD CAD GBP EUR AUD CHF Delivery Only cheapest delivery All delivery options Include Used Books Are you a club member of: Barnes and Noble Books A Million Chapters.Indigo.ca

Average Customer Rating: 4.88 (24 reviews)

Rating: 5
Summary: Let the good doctor stimulate your thinking
Comment: My copy of William Bernstein's new book, " The Intelligent Asset Allocator," has arrived, and I give the book a very high recommendation for anyone interested in this vital subject. Fundamental mathematical concepts of geometric return, standard deviation, and correlation are given clear and understandable definition. The real-world behavior of investment portfolios is dissected with intelligence and insight.

Portfolio optimization (its limitations as well as its legitimate uses), portfolio rebalancing, indexing (Mr. Bernstein's arguments against active management might even surpass Mr. Bogle's), Dunn's Law, efficient markets, random walks, momentum factors, the three-factor model, behavioral finance, and numerous other topics are given full and rewarding discussion.

I especially found Mr. Bernstein's treatment of investor utility functions to be especially insightful. In addition to the usual concern with risk tolerance, he suggests an investor must decide on how simple or complicated one's investment plan must be, and also how tolerant or intolerant one will be concerning tracking error to the market index as fundamental to implementing one's asset allocation plan.

In implementing asset allocations Mr. Bernstein considers the two indexing giants: Vanguard and DFA. Readers will find this section especially valuable.

This just scratches the surface; thought-provoking insights are available on just about every page of this absorbing book.

My recommendation may carry very little weight in your estimations, so I would add that the front jacket to the text contains a small, sunny emblem with the following inscription:

"This is a GREAT book!" John C. Bogle

Amen to that, blb

Rating: 5
Summary: One of the best
Comment: This is quite simply the best investment book I have read in a very long time. I don't completely agree with every last word the author utters but that pales beside all that the book does right. The emphasis is in all the right places: mutual fund investment costs, mutual fund investment risk, investment risk period, asset allocation, index funds vs actively managed funds, the efficient frontier, allocation strategy implementation. Best of all the book makes sense. It is logical, well thought out and mature. This is a great book for novices and experienced investors who have gotten lost and is a breath of fresh air in a world of day traders. This book is NOT shallow. It gives me great pleasure to give this book five stars. Read it and use it. You won't be sorry.

Rating: 5
Summary: Don't be scared
Comment: When you pick up this book and look through it the graphs my scare you. Don't let your math phobia kick in. William Bernstein does a great job of walking you through each chapter. In fact at the end of one of the first chapters he tells you to put the book down for a few days and just digest the information. I would rate myself as at least an investor with moderate investing knowledge. I found this book helpful and the charts held validate the points Mr. Bernstein is making. I suspect I will refer to it often when I have a guestion about investing.

Similar Books:

	Title: The Four Pillars of Investing : Lessons for Building a Winning Portfolio by William J. Bernstein ISBN: 0071385290 Publisher: McGraw-Hill Trade Pub. Date: 26 April, 2002 List Price(USD): $27.95
	Title: Asset Allocation: Balancing Financial Risk by Roger C. Gibson ISBN: 0071357246 Publisher: McGraw-Hill Trade Pub. Date: 01 August, 2000 List Price(USD): $55.00
	Title: Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor by John C. Bogle ISBN: 0471392286 Publisher: John Wiley & Sons Pub. Date: 06 October, 2000 List Price(USD): $19.95
	Title: A Random Walk Down Wall Street, Completely Revised and Updated Edition by Burton G. Malkiel ISBN: 0393057828 Publisher: W.W. Norton & Company Pub. Date: April, 2003 List Price(USD): $29.95
	Title: The Intelligent Investor: The Definitive Book On Value Investing, Revised Edition by Benjamin Graham, Jason Zweig ISBN: 0060555661 Publisher: HarperBusiness Pub. Date: 08 July, 2003 List Price(USD): $19.95