A Wealth of Common Sense

A Wealth of Common Sense

Why Simplicity Trumps Complexity in Any Investment Plan

Book - 2015
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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 complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes." Information is important, but understanding and perspective are the keys to better decision-making. This book describes the proper way to view the markets and your portfolio, and show you the simple strategies that make investing more profitable, less confusing, and less time-consuming. Without the burden of short-term performance benchmarks, individual investors have the advantage of focusing on the long view, and the freedom to construct the kind of portfolio that will serve their investment goals best. This book proves how complex strategies essentially waste these advantages, and provides an alternative game plan for those ready to simplify.

Complexity is often used as a mechanism for talking investors into unnecessary purchases, when all most need is a deeper understanding of conventional options. This book explains which issues you actually should pay attention to, and which ones are simply used for an illusion of intelligence and control.

Keep up with--or beat--professional money managers Exploit stock market volatility to your utmost advantage Learn where advisors and consultants fit into smart strategy Build a portfolio that makes sense for your particular situation

You don't have to outsmart the market if you can simply outperform it. Cut through the confusion and noise and focus on what actually matters. A Wealth of Common Sense clears the air, and gives you the insight you need to become a smarter, more successful investor.

Publisher: Hoboken, NJ : Wiley/Bloomberg Press, [2015]
Copyright Date: ©2015
ISBN: 9781119024927
1119024927
Branch Call Number: 332.6 C284w
Characteristics: xviii, 195 pages : illustrations ; 23 cm

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HandyFellow
Sep 03, 2017

A well written, well researched book that examines the mathematical practicality of why Index and broad based ETF investing works. The book is an argument for keeping a portfolio boring, balanced, and diversified, and why that strategy will inevitably win out in the end.
The case is made however, that nobody really knows where interest rates, inflation, and even returns are headed, only where they have been. Anyone who tells you that they do know, or that says they can predict market directions consistently is either a liar, a snake oil salesman, or a fool (or maybe a combination of all of them). This is why diversification and asset allocation work, precisely because it allows an investor to cover all bases, to ensure the broadest diversification and risk management of one's portfolio.

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