Continuing our detailed review of "The Investor's Manifesto" by William J. Bernstein, we're going to look at Chapter 6, "Building Your Portfolio."
This chapter boils down to one sentence of advice from Mr. Bernstein: "Save as much as you can, start as early as you can, and do not ever …
Continuing my chapter-by-chapter notes on William Bernstein's "Investor's Manifesto," here we take up Chapter 5.
I'll open with a quote from Bernstein that nicely summarizes the chapter:
The prudent investor treats almost the entirety of the financial industrial landscape as an urban combat zone. This means any stock broker …
This is a short course in Financial Competence, written for fellow autodidacts. The texts in the "Essential Reading" section are exactly that -- books, articles, white papers, and web pages -- that constitute the minimum of essential reading for anyone interested in reaching financial competence.
Please note that at this time …
I was captivated by The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. It's amazing that Schroeder was given the access that she was, and the result is a truly fascinating book about a great investor and businessman.
It's not a snow job by any means -- Buffett …
Continuing our chapter-by-chapter review of "The Investor's Manifesto," by William J. Bernstein, we're going to look at Chapter 4, which focuses on investor behavior. In the last chapter we made a plan for how to handle our portfolio. In this chapter, we learn why many investors don't stick to their …
We continue our chapter-by-chapter notes on the "Investor's Manifesto" by Bernstein with Chapter 3, about the different assets you'll keep in your portfolio, and how you'll balance them.
And here, it's appropriate to review our goals in investing. We are not striving to rich quickly. If that's your goal …
Here I continue my review of "The Investor's Manifesto" by Bernstein with my notes from Chapter 2. In Part 3 of my notes, we cover estimating returns on stocks, and a good deal more about choosing stocks and other investments. There's some math here, but also a good deal of …
Here I continue my review of "The Investor's Manifesto" by Bernstein with my notes from Chapter 2. In Part 2 of my notes, we cover estimating returns on bonds.
One important note: In Part 1 of my Chapter 2 notes, we talked about how unwise it is to use historical …
Here I continue my review of "The Investor's Manifesto" by Bernstein with my notes from Chapter 2, which could be subtitled "Here comes the math!"
I'm not naturally math-minded (I count on my fingers) but I've worked through each mathematical example in this chapter using either pencil and paper or …
Continuing my in-depth examination of "The Investor's Manifesto," we'll examine Chapter 1.
Bernstein talked at length in his various prefaces about his desire to keep his books readable. This is the third paragraph of his first chapter:
“What I cannot figure out,” my friend …