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T**N
Why DIY investers make dumb mistakes
If you've ever tried sailing, skiing or scuba diving, you'll know that we human beings are hard wired by our emotions to continuously make dumb mistakes.We pull on the main sheet when we should let go, we lean up the mountain when we should lean down and we hold our breath when we should blow bubbles.Bernstein explains why successful investing is exactly the same.This is the book I always promised myself that I would write; I give a copy to all of my wealth management clients.
M**S
Arrived on time
Just started reading this. It's not as easy a read as Alvin Hall's books, but I expect it to provide more detail and develop themes. Will review again when I've completed the book.Have finished the book. The first few chapters are a bit theoretical and historical, but the main sections are more readable and relevant to personal investing. The main problem with the book is that the penultimate chapter about 'Building a portfolio' is for AMERICAN investors only, it does not take account of UK pensions or State provision.If you are new to investing there is some good advice, the basic messages are: invest in passive/low cost funds, have some diversification in your portfolio and be honest about your 'rsik tolerance'
G**N
Wisdom, evidence and clarity
Bernstein is the acme of investment writers. A neurologist-turned-finance-writer Bernstein applies the evidence-base medicine approach to investing. The result is solid, evidence-based insights laced with wisdom and explained very clearly.If you were only to read one book on investment, this is a very strong candidate for being that book.If you are looking for get-rich-quick investment secrets, this is not the place. If you are looking for sober, intelligent and humble insights, I cannot recommend it strongly enough.
D**L
Five Stars
Good book
Trustpilot
3 days ago
3 weeks ago