{"product_id":"the-four-pillars-of-investing-second-edition-lessons-for-building-a-winning-portfolio","title":"The Four Pillars of Investing, Second Edition: Lessons for Building a Winning Portfolio","description":"\u003ctable align=\"center\" border=\"0\" cellpadding=\"2\" cellspacing=\"0\" width=\"100%\"\u003e\n\u003ctr\u003e\n\u003ctd class=\"productDetailSmallElements\"\u003e\n\u003cp\u003e\n\u003cstrong\u003ePublisher Marketing\u003c\/strong\u003e:\u003cbr\u003e\n\u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eThe classic guide to constructing a solid portfolio―without a financial advisor!\u003c\/b\u003e\u003c\/p\u003e\n\u003cp\u003eFirst published two decades ago, \u003ci\u003eThe Four Pillars of Investing\u003c\/i\u003e has been the go-to resource for an entire generation of investors. This updated edition of the investing classic provides the foundational knowledge you need to avoid the most common pitfalls and build a portfolio in today's roller-coaster world of investing.\u003c\/p\u003e\n\u003cp\u003eRetired neurologist and master investor William J. Bernstein has seen it all throughout his career. Buying investments with borrowed money. Chasing past performance. Overestimating one's own risk tolerance. Listening to cable news. These are just a few of the many mistakes he has witnessed smart, serious investors make, to the peril of their portfolios. Add to these behavioral errors such economic factors as deflation, sudden stock declines, soaring inflation, and the like--and investing can seem like something to be avoided at all costs. But with the right discipline and knowledge, you can build and manage an impressive portfolio. It all comes down to understanding four key pillars: \u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eTheory: Risk and return go hand in hand--you can't make money without risk\u003c\/li\u003e\n\u003cli\u003eHistory: Understand past markets to understand today's markets\u003c\/li\u003e\n\u003cli\u003ePsychology: Avoid the most common behavioral mistakes that tank portfolios\u003c\/li\u003e\n\u003cli\u003eBusiness: The cost of investment services can be high--unreasonably high\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003c\/p\u003eAfter taking you on a deep dive into each of these topics, Bernstein walks you through the process of designing and maintaining a powerful portfolio. \n\u003cp\u003e\u003c\/p\u003e\n\u003cp\u003eTimes have changed. Economies have changed. And markets are ever-changing. But sound investing principles haven't changed. Use \u003ci\u003eThe Four Pillars of Investing\u003c\/i\u003e to stay a step ahead of your investing peers and build a portfolio to be proud of.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\n\n\u003cbr\u003e\n\u003cp\u003e\n\u003cstrong\u003eContributor Bio:\u003c\/strong\u003eBernstein, William J\u003cbr\u003e\n\u003cb\u003eWilliam J. Bernstein, \u003c\/b\u003ePhD, MD, is a retired neurologist and the cofounder of the investment management firm Efficient Frontier Advisors. He is the author of three finance books― \n\u003ci\u003eThe Intelligent Asset Allocator, The Four Pillars of Investing, \u003c\/i\u003eand \n\u003ci\u003eThe Investor's Manifesto\u003c\/i\u003e―and four history books, \n\u003ci\u003eThe Birth of Plenty, A Splendid Exchange, Masters of the Word, \u003c\/i\u003eand \n\u003ci\u003eThe Delusions of Crowds\u003c\/i\u003e. Bernstein won the prestigious James R. Vertin Award from the CFA Institute in 2017.\u003cbr\u003e\u003cbr\u003e\n\u003c\/p\u003e\n\u003cbr\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e\u003cp\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Bernstein, William J\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e McGraw-Hill Companies\u003cbr\u003e\u003cb\u003eBinding:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePub Date:\u003c\/b\u003e 2023-07-11\u003cbr\u003e\u003cb\u003eBISAC:\u003c\/b\u003e Business \u0026amp; Economics|Investments \u0026amp; Securities|Portfolio Management|Business \u0026amp; Economics|Finance|General|Business \u0026amp; Economics|Personal Finance|Investing|Business \u0026amp; Economics|Investments \u0026amp; Securities|Stocks\u003cbr\u003e\u003cb\u003eSubjects:\u003c\/b\u003e Investments|Portfolio management|Asset allocation|Handbooks and manuals\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.25 lbs\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9781264715916\u003cbr\u003e\u003cb\u003eASIN:\u003c\/b\u003e -\u003cbr\u003e\u003cb\u003eSKU:\u003c\/b\u003e SP-9781264715916\u003c\/p\u003e","brand":"McGraw-Hill Companies","offers":[{"title":"Default Title","offer_id":51154163335446,"sku":"SP-9781264715916","price":42.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0857\/9910\/8886\/files\/9781264715916_spiral.png?v=1774935028","url":"https:\/\/lusper.myshopify.com\/products\/the-four-pillars-of-investing-second-edition-lessons-for-building-a-winning-portfolio","provider":"Lusperbooks","version":"1.0","type":"link"}