The Prudent Investors Guide to Beating Wall Street at Its Own Game [Paperback]

John J. Bowen Jr (Author), Daniel C. Goldie (Author), Thomas R. Pocock (Foreword), Kathryn Gustafson (Foreword), John J. Bowen Jr. (Author)

Book Description

Publication Date: December 18, 1998

This text shows how to use modern portfolio theory to ensure long-term financial security. It contains high-return, low-risk strategies that Wall Street has known for years - but hasn't wanted to divulge. The book contains a step-by-step approach that analyzes one's financial needs.

Editorial Reviews

From the Back Cover

An easy-to-use investment program--with returns that beat most professionals! Praise for previous edition! "Timely and practical. This book brings the leading edge of investment information to the prudent investor in an understandable way, it's a book that should be on every investor's desk."--Charles R. Schwab, Chairman/CEO, Charles Schwab Corporation. "I once told John Bowen that to write a book like this on Modern Portfolio Theory and make it understandable would be a very difficult job. He went ahead and did it. Congratulations!"--Merton H. Miller, Nobel Laureate in Economics; Robert R. McCormick Distinguished Professor Emeritus of Finance, Graduate School of Business, University of Chicago. "Brings academic research and some of the more sophisticated strategies to Main Street. This book is full of practical tips and techniques for better investing. A real winner."--Rex Al Sinquefield, Co-Chariman and Chief Investment Officer Dimensional Fund Advisors, Inc. "Combines groundbreaking research with real-world applications for prudent investing. A great guide for financial decisions."--Kenneth R. French, NTU Professor of Finance, Sloan School of Management, Massachusetts Institute of Technology.

Product Details

• Paperback: 192 pages
• Publisher: McGraw Hill Higher Education; 2nd edition (December 18, 1998)
• ISBN-10: 007134635X
• ISBN-13: 978-0071346351
• Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #6,494,017 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

5 of 5 people found the following review helpful:

5.0 out of 5 stars I was looking for such a book, April 24, 2001

By 

Nelson Richardson (Fargo, ND) - See all my reviews
(REAL NAME)   

This review is from: The Prudent Investors Guide to Beating Wall Street at Its Own Game (Paperback)

This book is about Modern Portfolio Theory, but is written for the investor not for the academic. The style is simple and serious, touching every point that should be made. I have resd other books on this topic, and all of them have terrible titles. That is not important. They also consider different degrees of detail, also not important. This one confirms my own common sense. It does not belabor simple points (a la Bogle) but states them clearly with footnotes giving proper credit. I teach a class in "Saving and Investing." Would that I could summarize as well as Bowen and Goldie do. The coverage of foreign and golobal stocks is brief and good. The opinions on bonds are sensible. Believe it or not, these are often neglected topics or are lost in the clutter. I wish the authors would come out with a third edition!

5.0 out of 5 stars Clear summary of modern portfolio theory, May 17, 2008

By 

California reader - See all my reviews

This review is from: The Prudent Investor's Guide to Beating Wall Street at Its Own Game, 2/e (Hardcover)

This is a very readable summary of modern portfolio theory with an emphasis on asset class diversification. The authors are skeptical about the value of "active" fund managers, and present arguments/evidence similar to those of Burton Malkiel and Larry Swedroe. However the book is more succinct than either Malkiel's or Swedroe's works. A quick read, clearly written. Originally published in the late 1990s, most of its views have held up very well over time. The authors are financial advisors and promote their services in the last chapter.