why simplicity trumps complexity in any investment plan /
Ben Carlson
1 online resource
Includes bibliographical references and index
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
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OverDrive, Inc.
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Wealth of common sense : why simplicity trumps complexity in any investment plan.