Libro skating where the puck was De Bernstein, William J.

Formato

Libro Físico

Autor

William J. Bernstein

Editorial

Efficient Frontier Publications

Año

2012

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

Dimensiones

22.9 x 15.2 x 0.2 cm

Peso

0.06 kg.

ISBN

0988780305

ISBN13

9780988780309

Categorías

Inversiones

skating where the puck was

William J. Bernstein (Autor) · Efficient Frontier Publications · Tapa Blanda

Sin Stock

Reseña del libro "skating where the puck was"

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.