Customer Reviews

How The Really Smart Money Invests: A Brief History of Investing [VHS]

5 star:		(2)
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3 star:		(1)
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1 star:		(1)

 

 

As a person who works everyday for a school system my retirement fund is paramount in my life but I am not an expert in the investing field. After watching the video I have a much greater understanding of how to invest and why you should not try to predict or read the future. It seemed obvious to me in every other walk of life that the future was impossible to read, yet in the stock market world I always imagined that the hard working people who invested on my behalf would know what was going to happen in advance. For me the video was an "Ah-hah!" It makes clear, in simple easy to understand language, no person or company can consistently predict which way the market is going to head, or which stock is going to zoom (no matter how good their commercials are)! Now I know to diversify and own all the markets of the world. Plus, I no longer rush home to watch the Dow Jones report every night like an expectant student waiting for my passing (or failing) grade. The Dow is just one of many markets my diversifed portfolio owns. I am much more relaxed and confident. Thanks Smart Money for making me feel like a smarter investor.

This video has a misleading title. It discusses the history of speculation vs. investing and delves into the efficiency of markets in practical detail with lots of talking heads discussing why the markets are efficient and how you should just own asset classes. However, the video is very short (like 30 minutes..if that) and doesn't discuss how to implement a plan based on the belief of efficient markets. It would have been nice for them to discuss how to construct a portfolio with several asset classes and how to tilt the portfolio toward the dimensions of risk that provide higher returns such as value, small-cap and equity. If they had done that, then they could actually claim that this video shows "how the really smart money invests." If you can find it used, like I did, for under $20 then consider buying...but at the $49 price of a new copy...no way. If you want to "read" about how the really smart money invests I recommend "Capital Ideas" by Peter Bernstein followed by "The Informed Investor" by Frank Armstrong III.

This video goes a long way towards explaining the reasons investors have failed so miserably in the last 18 months. It points out the simple trueth about imortant topics such as diversification and why people naturaly are thier own worst emamy whent it comes to speculating and gambling with thier hard earned investment assets. Bravo for having the courage to point out a better way. Wall street will hate this take but the average investor can profit big time.

This was so short and basic that I feel it was not worth the money. A VERY brief history indeed.