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Allan S. Roth "dare_to_be_dull" RSS Feed (Colorado Springs, CO United States)

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Price: $29.95


The Man in the Arena: Vanguard Founder John C. Bogle and His Lifelong Battle to Serve Investors First
The Man in the Arena: Vanguard Founder John C. Bogle and His Lifelong Battle to Serve Investors First
by John C. Bogle
Edition: Hardcover
Price: $30.35
55 used & new from $7.95

6 of 8 people found the following review helpful
5.0 out of 5 stars Tribute, history, and wisdom, December 23, 2013
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In the world of investment professionals, the rather unpleasant truth is that few of those who claim to put investors first actually do. But there are those few who walk the talk, and Man in the Arena is a book about one of them - John C. Bogle. This book chronicles his decades of investing innovations from the struggles of Vanguard's early years to what is today, the largest investment fund company that ever existed.

The book is part tribute to Mr. Bogle, part history, and part investment wisdom. The breadth of the tributes extends beyond the finance world of managers and writers, to heavy weight economists, such as Paul Volcker, and all the way to a former resident of the White House, Bill Clinton. The history spans the time period from the founding of Vanguard and its unique mutual ownership, to the launching of the first no-load mutual funds and index funds. I personally loved the poster that declared "Index funds are un-American."

For me, the best part of the book is that it contains the wisdom from all of Mr. Bogle's work - 10 books, 575 speeches, 14 academic articles, and more than a dozen op-eds in the New York Times and The Wall Street Journal. That wisdom has always been the basis of my investing, especially when markets plunge and courage is in short supply.

In full disclosure, though I am a contributor to this book, I didn't profit in any way. Perhaps you'll regard my review as biased, but read the book anyway for the important lessons it imparts about both character and investing.


Skating Where the Puck Was: The Correlation Game in a Flat World (Investing for Adults Book 2)
Skating Where the Puck Was: The Correlation Game in a Flat World (Investing for Adults Book 2)
Price: $3.29

29 of 29 people found the following review helpful
5.0 out of 5 stars Be early, far-sighted, and patient, December 19, 2012
The title derives from hockey great Wayne Gretzky's quote, "A great hockey player skates to where the puck is going to be."

Bernstein uses the hedge fund industry to illustrate the herd skating to where the puck was. Bernstein observes that the early hedge-fund adapters, such as Yale University's endowment, could exploit alpha and earn excess returns. Yet once the strategy became popular and a couple of trillion dollars was chasing it, the puck "moved." The institutional money that chased hedge funds ended up with costs much higher than the little bit of alpha that remained. To make matters worse, correlations increased, and most hedge funds zigged at the same time stocks did the same.

This is the second installment in Bernstein's brilliant series in investing for adults. It's not for novices or those that want to believe there is some magic way to earn high returns without risk. To be a successful adult investor, Bernstein makes a compelling case to be early, be far-sighted, and be patient.

I can't get enough of William Bernstein's insights!


Beyond the Random Walk: A Guide to Stock Market Anomalies and Low-Risk Investing (Financial Management Association Survey and Synthesis Series)
Beyond the Random Walk: A Guide to Stock Market Anomalies and Low-Risk Investing (Financial Management Association Survey and Synthesis Series)
by Vijay Singal
Edition: Paperback
Price: $24.26
45 used & new from $3.21

1 of 1 people found the following review helpful
5.0 out of 5 stars Practical applications of academic research, November 25, 2012
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A fascinating and balanced read on well-researched market anomalies. Singal identifies 11 past anomalies and estimates practical abnormal returns going forward. Of course identifying past patterns (data mining) does not guarantee future returns.


48 and Counting: A Story of Money, Love and Bicycling
48 and Counting: A Story of Money, Love and Bicycling
by Jonathan Clements
Edition: Paperback
Price: $9.99
28 used & new from $3.01

2 of 3 people found the following review helpful
5.0 out of 5 stars A masterpiece, October 5, 2012
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Max Whitfield has it all - money, marriage, prosperous business, and two successful daughters. He has everything except happiness. Max finds a new passion in bicycling. In his journey, he loses nearly everything while the other characters get exactly what they want. Yet Max makes great strides in his pursuit of happiness while the other characters achieve their dreams only to find it didn't bring the happiness they were so certain it would.

Clements is a brilliant writer and I join the others who attest I couldn't put this novel down. You can't ask more of a book than to love reading it and being reminded of some critical lessons on money and happiness.


The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money
The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money
by Carl Richards
Edition: Hardcover
Price: $18.73
93 used & new from $10.95

5 of 7 people found the following review helpful
5.0 out of 5 stars The enemy in the mirror, January 3, 2012
Richards does a great job in illustrating the ways people tend to be their own worst enemy when it comes to money. I'd be lying though my teeth if I claimed to have outgrown these destructive tendencies. The terrible truth is that I saw myself all too often in his simple sketches of destructive behavior, and felt his narrative was specifically talking about me.

A key part of the book is explaining how the return of the average investor is even lower than the return of the average mutual fund. That's because investors constantly cycle in to buying in good times, and cycle in to selling in bad times. Though we may not repeat the process until we're broke, these cycles surely chip away at our wealth.

After identifying the enemy we all have in ourselves, Richards then gives us some ways of stopping dumb behaviors. Some of these techniques include:

-- Laughing at the expert forecasts

-- Examining your own behavior

-- Ignoring your instincts

-- Quit believing what you want to believe

-- Stop looking for entertainment from investing

Admittedly, changing some of these behaviors is nearly as difficult as it will be for me to honor my new year's resolution of eating better. Nonetheless, Richards offers some self-help techniques to change these instinctively destructive behaviors.

The book is full of uncommon common sense. Simplicity is key to effective financial planning. Slow and steady beats chasing the next Google or Apple. High expenses cause a mutual fund to sink. Keeping up with the Joneses will not bring happiness. Focus on things that matter and you can control.


Common Sense Investing: Ten Simple Rules to Finance Your Dreams, or Create a Roadmap to Achieve Financial Independence by Investing in Mutual Funds with a Personal Financial Plan
Common Sense Investing: Ten Simple Rules to Finance Your Dreams, or Create a Roadmap to Achieve Financial Independence by Investing in Mutual Funds with a Personal Financial Plan
by Rick Van Ness
Edition: Paperback
8 used & new from $5.19

3 of 3 people found the following review helpful
5.0 out of 5 stars Uncommon Common Sense, September 29, 2011
Rick Van Ness' Common Sense Investing offers readers some crisp, simple, and irrefutably great investment advice. In about an hour, you can learn ten simple rules that will give you all you need to pull ahead of the herd and leave 99 percent of so called investors in your dust. I write "The Irrational Investor" for CBS MoneyWatch, and am of the opinion that this book presents readers with the opportunity to discover a much more rational and profitable way to invest.


What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions
What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions
by Meir Statman
Edition: Hardcover
Price: $20.94
96 used & new from $2.94

7 of 8 people found the following review helpful
5.0 out of 5 stars Irrational Investors, November 26, 2010
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Meir Statman's book, What Investors Really Want, does a great job of describing what motivates us in investing. Sure we are motivated by financial gain but, because we want more, we act in ways that reduce these gains.

Investors want to feel good and safe to maximize their emotional well being. Our desire for that feel good feeling drives us to buy stocks in up markets, only to panic in down markets and sell in an effort to feel safe. We also feel good thinking we are smarter than the person on the other side of any trade.

Beyond emotional well being, investors want to express their values, tastes and status. Hedge funds, for example, signify that one is a sophisticated investor and member of an exclusive club.

This is truly one of the great books on behavioral finance. If you want to learn more about your behavioral traits, this is a must read. It had me thinking the whole way through, and I could identify in many of the irrational ways I want to react. It was also a very entertaining read and one of the few books I just couldn't put down.

How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn
Comment Comments (3) | Permalink | Most recent comment: Sep 19, 2011 9:32 AM PDT


The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between
The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between
by William J. Bernstein
Edition: Hardcover
Price: $19.13
104 used & new from $4.20

22 of 26 people found the following review helpful
5.0 out of 5 stars Brilliantly written with superb advice!, October 27, 2009
Verified Purchase(What's this?)
William Bernstein is a brilliant guy so it's no surprise that this book is brilliantly written. It provides the one "guarantee" I actually believe, and that is that following his advice will not make the reader fabulously wealthy. What following his advice will do, is maximize consumers' chances of living comfortably in retirement and minimize chances of living their final years in poverty.

This book isn't just about investment philosophy; it's about getting down to brass tacks. This is a practical book that goes into specific recommendations to construct portfolios. What asset classes does he recommend? Why, all of them, with different mixes for different goals. He notes, "When you minimize your expenses and diversify, you forgo bragging rights with neighbors and in-laws, but you will also minimize the chances of impoverishing yourself and the ones you love." He rightfully observes that this is "one fair trade."


The Smartest Retirement Book You'll Ever Read
The Smartest Retirement Book You'll Ever Read
by Daniel R. Solin
Edition: Hardcover
Price: $16.46
102 used & new from $0.01

61 of 73 people found the following review helpful
5.0 out of 5 stars Don't retire without it!, September 4, 2009
Verified Purchase(What's this?)
Dan has a gift in the ability to make complex subjects simple and his new book is sensational! Dan does a great job of explaining things like:

* Why the biggest risk is not taking any risk.
* Why stock picking is for losers.
* Why an average return is way above average.
* How you should look at spending down your nest egg.
* What some prestigious sounding designations really are.
* What traps to watch out for, such as the most expensive free meal you'll ever have.

Dan leaves us with ten actionable "golden rules" that can help us retire smarter. This book is an easy and fun read. I couldn't put it down!


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