From Book 1: "The Ages of the Investor: A Critical Look at Life-cycle Investing" is intended to be the first installment in the "Investing for Adults" series. Find many great new & used options and get the best deals for Rational Expectations : Asset Allocation for Investing Adults by William J. Bernstein (2014, Trade Paperback) at the best online prices at eBay! Please try again. This book has become a staple for young adults who want to better understand how to invest in the stock market. His books are witty and dense with information.no fluff. We use cookies and similar tools to enhance your shopping experience, to provide our services, understand how customers use our services so we can make improvements, and display ads. However, for someone with quite substantial but haphazard savings it is a uniquely orderly and intelligent examination of the subject. By “Investing for Adults”, Bernstein means that he assumes that you already know the basics of investing and that he can skip to more advanced insights. It reads like a bunch of mini rants rather than a coherent book, which is slightly disappointing given how great of a writer Dr. Bernstein is. Nonetheless, it has a lot of great insights into the market today. Sorry, there was a problem saving your cookie preferences. Buy Rational Expectations: Asset Allocation for Investing Adults by William J Bernstein online at Alibris. Continuing the theme of the Investing for Adults series, this full-length finance title is not for beginners, but rather assumes a fair degree of quantitative ability and finance knowledge. -1% per year on fixed income, currently) and the corresponding risks and advantages of holding them (you should still hold these negative fixed income assets if you are near or past retirement). Deciding what types of investment you should hold matters far more than your specific investment selections. William J. Bernstein (born 1948) is an American financial theorist and neurologist. The Bernstein Blackbook embodies our ability to cut through complexity with independent clarity, generating exclusive insights that reframe perspectives and strategies across markets and sectors. "In the early 1990s, I became interested in the problem of portfolio rebalancing. Prices are hidden. Review of "Rational Expectations: Asset Allocation for Investing Adults" by William J Bernstein. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Rational Expectations: Asset Allocation for Investing Adults (Efficient Frontier Publications, 2014) is his latest offering. You get a real feel for the likely real returns you could expect from the various asset classes available (e.g. Recently I’ve been reading Bernstein’s Investing for Adults series which are offered as Kindle books. Reviewed in the United States on November 7, 2015. These included The Ages of the Investor, Skating to Where The Puck Was, Deep Risk and Rational Expectations. Reviewed in the United Kingdom on 26 July 2018. Reviewed in the United States on April 14, 2020, One of an essential series of guides to successful investing, Reviewed in the United States on October 22, 2014. Your decision depends on your investment objectives and your attitude to risk. This is a good book, perhaps not as good as comprehensive as "The Four Pillars of Investing" but informative nonetheless. Unable to add item to List. Draws upon investing history and theory to discuss investing for retirement over a lifetime, good discussion on the need for risk less assets. Dr. Bernstein explains in a clear and logical fashion what every investor should know to maximize investment return while minimizing risk of loss. 8 ) # ˝ ˆ " ˘ ˘˝) ˝ * ) ) ˆ " # *# & ˝( &* * # ˝*˝ " 8 k(˝ &˘ "( ˝( (˝) & )#˝) ˝,7 ˝ ˆ%"#˝˝ Reviewed in the United Kingdom on 14 May 2016, Reviewed in the United Kingdom on 6 April 2015, Enjoyable, pragmatic. Can be a little US focused for international readers ( eg in the discussion of various retirement account structures and index / ETF products) but that is a marginal downside for a great book. Please try your request again later. viii The Four Pillars of Investing informative. This is a very special and valuable book. Please try again. “Short-term crashes can be painful, but long-term returns are far more important to wealth creation and destruction.” – Cliff Asness. If you think you can time the market or pick stocks and mutual fund managers, or even if you think that you can formulate an optimally efficient mean-variance asset allocation with a black box, then learn some basic finance and come back in a few years. It is not written to be relevant for everyone now in charge of their pension and dodging the risk of dying in poverty (as Berstein tends to put it, in his call-a-spade-a-spade style). Reviewed in the United States on December 6, 2014. William Bernstein has updated his classic The Intelligent Asset Allocator (2000) with a new book in his "Investing for Adults" series: Rational Expectations. Bogleheads forum '', or computer - no Kindle device required, there Was a problem saving your preferences... Should know to maximize investment return while minimizing risk of loss to a sample the... Ve been reading Bernstein ’ s investing for Adults series which are offered as Kindle books, and! 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