The Four Pillars of Investing

The Four Pillars of Investing

Lessons for Building A Winning Portfolio

Book - 2002
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Sound, sensible advice from a hero to frustrated investors everywhere

William Bernstein's The Four Pillars of Investing gives investors the tools they need to construct top-returning portfolios­­--without the help of a financial adviser. In a relaxed, nonthreatening style, Dr. Bernstein provides a distinctive blend of market history, investing theory, and behavioral finance, one designed to help every investor become more self-sufficient and make better-informed investment decisions. The 4 Pillars of Investing explains how any investor can build a solid foundation for investing by focusing on four essential lessons, each building upon the other. Containing all of the tools needed to achieve investing success, without the help of a financial advisor, it presents:

Practical investing advice based on fascinating history lessons from the market Exercises to determine risk tolerance as an investor An easy-to-understand explanation of risk and reward in the capital markets
Publisher: New York : McGraw Hill, c2002
ISBN: 9780071385299
0071385290
Branch Call Number: 332.6 BER 2002
Characteristics: 316 p. : ill

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michaelforest
Dec 21, 2017

The author self-admits that not many people read his last book because it was so boring. I don't think this book is that far off the mark of his last book. Pretty boring in places. Yes, there is some very good information in his book but you have to slug through alot of sludge to pick out the gems. I'm always amazed when authors spend reams of pages describing things that could be summarized in a page or two. In fact, if you just read his half-page summaries at the end of each chapter, I think you'll get 99% of what the book's main content is all about. Best of luck reading this from start to finish.

h
HandyFellow
Dec 12, 2017

An 'okay' read, but there are much more concise reads on the same material. The basic premises of the book are that Brokers and Mutual Funds and the people who sell them, are a mugs game, designed to move money from the Investor's wallet to theirs without a true interest in the Investor's financial well being. It's suggested that Indexing and ETF broad based investing is the only way to get the average returns of the market (less expenses), so the goal is to keep investing expenses as low as possible, while reducing overall risk with diversification. That took the author almost 250 pages to cover. The book is also very American in product selection and investment holding account recommendations. Check out my suggested reading lists for better material on the same subject matter, particularly if you're Canadian.

v
vikramr
Mar 16, 2016

A must read for a DIY investor

a
Aperella1976
Aug 08, 2015

Couldn't get past the second chapter. This book is way too dense for someone whose math skills aren't the best.

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