A wealth of common sense : why simplicity trumps complexity in any investment plan /
A simple guide to a smarter strategy for the individual investor A Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simplicity-based framework can lead to better investment decisions. The financial market is a complex system, but that doesn't mean it requires a...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Ηλ. βιβλίο |
| Γλώσσα: | English |
| Έκδοση: |
Hoboken, New Jersey :
Wiley/Bloomberg Press,
[2015]
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| Θέματα: | |
| Διαθέσιμο Online: | Full Text via HEAL-Link |
Πίνακας περιεχομένων:
- Machine generated contents note: ch. 1 The Individual Investor versus the Institutional Investor
- Institutional versus Individual Investors
- We're All Human
- Extra Zeroes
- Long-Term Thinking
- Key Takeaways from Chapter 1
- Notes
- ch. 2 Negative Knowledge and the Traits Required to Be a Successful Investor
- The Biggest Problem of All
- Traits of a Successful Investor
- Standing on the Shoulders of Giants
- Key Takeaways from Chapter 2
- Notes
- ch. 3 Defining Market and Portfolio Risk
- Volatility: Risk or Opportunity?
- Understanding Rule Number 1 of Investing
- The Risk Tolerance Questionnaire
- Risk versus Uncertainty
- Risk Aversion
- The Cycle of Fear and Greed
- Key Takeaways from Chapter 3
- Notes
- ch. 4 Market Myths and Market History
- Myth 1 You Have to Time the Market to Earn Respectable Returns
- Myth 2 You Have to Wait until Things Get Better Before You Invest
- Myth 3 If Only You Can Time the Next Recession, You Can Time the Stock Market
- Myth 4 There's a Precise Pattern in Historical Market Cycles
- Myth 5 Stocks and Bonds Always Move in Different Directions
- Myth 6 You Need to Use Fancy Black Swan Hedges in a Time of Crisis
- Myth 7 Stocks Are Riskier Than Bonds
- Myth 7a Bonds Are Riskier Than Stocks
- Myth 8 The 2000s Were a Lost Decade for the Stock Market
- Myth 9 New All-Time Highs in the Stock Market Mean It's Going to Crash
- Myth 10 A Yield on an Investment Makes It Safer
- Myth 11 Commodities Are a Good Long-Term Investment
- Myth 12 Housing Is a Good Long-Term Investment
- Myth 13 Investing in the Stock Market Is Like Gambling at a Casino
- Key Takeaways from Chapter 4
- Notes
- ch. 5 Defining Your Investment Philosophy
- Degrees of Active and Passive Management
- The Benefits of Doing Nothing
- Exercising Your Willpower
- Simplicity Leads to Purity
- Defining Yourself as an Investor
- Key Takeaways from Chapter 5
- Notes
- ch. 6 Behavior on Wall Street
- Threading the Needle
- So Never Invest in Active Funds?
- The Most Important Thing
- Key Takeaways from Chapter 6
- Notes
- ch. 7 Asset Allocation
- Asset Allocation Decisions
- Why Diversification Matters
- Mean Reversion and Rebalancing
- Risk Factors, Value Investing, and the Power of Patience
- The Value Premium
- The Rise of Smart Beta
- How to See It Through
- Key Takeaways from Chapter 7
- Notes
- ch. 8 A Comprehensive Investment Plan
- Why Do You Need a Plan?
- The Investment Policy Statement (IPS)
- Lifecycle Investing
- Beating the Market
- Saving Money
- Taxes and Asset Location
- Key Takeaways from Chapter 8
- Notes
- ch. 9 Financial Professionals
- Vetting Your Sources of Financial Advice
- Outsourcing to a Financial Professional
- What a Financial Advisor Can Do for You
- How to Be a Good Client
- Benchmarking and Ongoing Maintenance
- Alternatives
- Key Takeaways from Chapter 9
- Notes
- Conclusion
- Book List
- Notes.
