The Four Pillars of Investing: Lessons for Building a Winning Portfolio

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McGraw-Hill Companies,Incorporated, Apr 26, 2002 - Business & Economics - 240 pages

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

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User Review  - willszal - LibraryThing

After reading this book, I assigned it to my middle school math class that I was teaching. Once they were done reading it, they had to manage a Google Stocks portfolio and we monitored their success. Read full review

LibraryThing Review

User Review  - rayski - LibraryThing

Provides history, basics, a plan and the psychology of financing. You’ll never hire a broker again. Read full review

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About the author (2002)

William Bernstein, Ph.D., M.D., has become a grassroots hero to independent investors everywhere. He has made a name for himself by questioning the value of Wall Street wisdom, skewering the recommendations of self-serving stockbrokers, and showing legions of investors how to successfully manage their own investments with intelligence and long-term vision. Bernstein is the author of The Intelligent Asset Allocator, editor of the quarterly asset allocation journal Efficient Frontier, founder of the popular website, and a principal in Efficient Frontier Advisors. He is often quoted in national publications, including The Wall Street Journal, Barron's, Money, and Forbes.

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