Rating: Summary: Not For Average Investors Review: "Asset Allocation" is not an easy read. I have a degree in Business/Economics, and I found some of the topics rather complex (e.g.-bond default premiums). The book is informative, but it presupposes a certain degree of financial literacy. I would recommend this book as an intermediate-level book. Otherwise, you will put the book down very quickly.
Rating: Summary: Not For Average Investors Review: "Asset Allocation" is not an easy read. I have a degree in Business/Economics, and I found some of the topics rather complex (e.g.-bond default premiums). The book is informative, but it presupposes a certain degree of financial literacy. I would recommend this book as an intermediate-level book. Otherwise, you will put the book down very quickly.
Rating: Summary: A Good Intro, But.... Review: A better title for this book would be "An Introduction to Investments, Practice Management and Asset Allocation". Only about a chapter and a half deals with asset allocation issues; the rest is about the basics of economics and investments, practice management, fact finders, etc.The text is quite handy in that it covers the basics of all three of these investment areas in a style that is very readable and understandable. If you are a novice to investing or are considering a career (shift) in(to) investments, this book provides a nice overview and is a good starting point. If you are already an investment professional or have your CFA designation, don't bother; you'll find it far too simplistic.
Rating: Summary: A Good Intro, But.... Review: A better title for this book would be "An Introduction to Investments, Practice Management and Asset Allocation". Only about a chapter and a half deals with asset allocation issues; the rest is about the basics of economics and investments, practice management, fact finders, etc. The text is quite handy in that it covers the basics of all three of these investment areas in a style that is very readable and understandable. If you are a novice to investing or are considering a career (shift) in(to) investments, this book provides a nice overview and is a good starting point. If you are already an investment professional or have your CFA designation, don't bother; you'll find it far too simplistic.
Rating: Summary: Buy this if you like making money Review: I don't think you'll find better advice. If you would have followed this books "ABCD" allocation, you would have made almost all the gain of the 90's and even been slightly up thru the disaster of the 00's. Better than down 48% for the SP500 eh? Your broker will hate you if you buy this book, but then maybe that's the best thing that could happen. Stop pretending you can predict the future and start managing your risk.
Rating: Summary: Not For Average Investors Review: I found this books very useful. I've been trying to find an intelligent investing style. Read things like "The Intelligent Investor" by Graham and "A Random Walk Down Wall St." by Malkiel and found them dry and somewhat inaccessible. I much prefered Evans and Malkiel's "Earn More (Sleep Better) : The Index Fund Solution" (cheesy title) and Bernstein's "The Intelligent Asset Allocator". Both small and intelligible books. The only problem is they seemed to state the solution to a problem I didn't know. That's where Gibson's "Asset Allocation" I think fits in. It describes what the problem is when trying to invest well. He makes very good arguments on what you can expect and what you'll have to understand. Things that Berstein and Malkiel go into more depth but Gibson gives you the big picture. I started looking for the solution to a problem and found that the last piece I need was to know what the problem was. Gibson's book reads fast and it is interesting. It's well illustrated and is a great jump off point to all sort of other books.
Rating: Summary: Good jumping off point. Review: I found this books very useful. I've been trying to find an intelligent investing style. Read things like "The Intelligent Investor" by Graham and "A Random Walk Down Wall St." by Malkiel and found them dry and somewhat inaccessible. I much prefered Evans and Malkiel's "Earn More (Sleep Better) : The Index Fund Solution" (cheesy title) and Bernstein's "The Intelligent Asset Allocator". Both small and intelligible books. The only problem is they seemed to state the solution to a problem I didn't know. That's where Gibson's "Asset Allocation" I think fits in. It describes what the problem is when trying to invest well. He makes very good arguments on what you can expect and what you'll have to understand. Things that Berstein and Malkiel go into more depth but Gibson gives you the big picture. I started looking for the solution to a problem and found that the last piece I need was to know what the problem was. Gibson's book reads fast and it is interesting. It's well illustrated and is a great jump off point to all sort of other books.
Rating: Summary: Good jumping off point. Review: I found this books very useful. I've been trying to find an intelligent investing style. Read things like "The Intelligent Investor" by Graham and "A Random Walk Down Wall St." by Malkiel and found them dry and somewhat inaccessible. I much prefered Evans and Malkiel's "Earn More (Sleep Better) : The Index Fund Solution" (cheesy title) and Bernstein's "The Intelligent Asset Allocator". Both small and intelligible books. The only problem is they seemed to state the solution to a problem I didn't know. That's where Gibson's "Asset Allocation" I think fits in. It describes what the problem is when trying to invest well. He makes very good arguments on what you can expect and what you'll have to understand. Things that Berstein and Malkiel go into more depth but Gibson gives you the big picture. I started looking for the solution to a problem and found that the last piece I need was to know what the problem was. Gibson's book reads fast and it is interesting. It's well illustrated and is a great jump off point to all sort of other books.
Rating: Summary: Definitely recommended reading Review: If I had read this book in the mid-90s as I was groping through the stock market, and feeling thrilled at my success.. I would have probably preserved that thrill a little longer. I could have avoided getting burnt for sure. A mandatory reading for people who are looking at long-term investing. Chapters 6, 7 & 8 deal with portolio diversification and are relvant and insightful. I found it to be a very useful education and not-too-difficult to follow (but then I have taken finance and accounting classes in school). The other title along similar lines is "The Intelligent Asset Allocator" and this one has a good correlation tables across all major asset classes on a quarterly and annual basis. very useful and practical piece of information that is missing here. But there are enough other useful and helpful pieces of information. Overall, definitely a thumbs up.
Rating: Summary: 5 Stars Review: If you read just one book on investing, this is the book. Gibson explains the principals of modern portfolio theory in a clear logical fashion. Excellent.
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