The Prudent Investor's Guide to Beating the Market offers individual investors true insights into how to beat the best-of-the-best mutual funds in good and bad markets. Authors offer critical advise on how to invest for success and show prudent investors how to: Lower risks and increase returns by allocating assets among stocks, bonds, cash, and other assets; Utilize cutting edge research to get high expected rates of return without increasing risk; Invest just like an institution; Differentiate between effective and ineffective diversification.
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Most Helpful Customer Reviews
6 of 6 people found the following review helpful:
5.0 out of 5 stars
Good book that based on academic research, not latest fads,
By Eric (San Jose, CA) - See all my reviews
This review is from: The Prudent Investor's Guide to Beating the Market (Hardcover)
If you're looking for clever tricks to get rich quick, forget this book. It's focus is on the steady accumulation and growth of capital, the approach with by far the highest success rate. Actually, if you think you can outpick the market, you really owe it yourself to read this first. It's a heck of a lot cheaper than being wrong about investment decisions.For me, reading this was an eye openning experience. The book is solidly based on academic research, and essentially proves that attempts to time the markets and pick the perfect stock are largely futile. In essence, research shows that for every person who timed the market perfectly ten times in a row, someone else timed exactly wrong ten times in a row. The only difference between the two is that the second guy didn't get anybody to come to his seminars. Good explanations, and a clear presentation of the economics of investing. Combine this with practical advice on building a portfolio for the long haul. Great stuff. BTW, I made a fair amount of money picking stocks before I read this book. I now realize I was just lucky and any stock picking I do now is just a fun hobby. To make money, I follow the book.
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