Listen free for 30 days
-
The Four Pillars of Investing, Second Edition
- Lessons for Building a Winning Portfolio
- Narrated by: Tom Parks
- Length: 12 hrs and 15 mins
Failed to add items
Add to Cart failed.
Add to Wish List failed.
Remove from wish list failed.
Follow podcast failed
Unfollow podcast failed
The Four Pillars of Investing, Second Edition
Buy Now for $27.83
No default payment method selected.
We are sorry. We are not allowed to sell this product with the selected payment method
Publisher's Summary
The classic guide to constructing a solid portfolio—without a financial advisor!
Retired 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, and soaring inflation—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:
- Theory: Risk and return go hand in hand—you can't make money without risk
- History: Understand past markets to understand today's markets
- Psychology: Avoid the most common behavioral mistakes that tank portfolios
- Business: The cost of investment services can be high—unreasonably high
After taking you on a deep dive into each of these topics, Bernstein walks you through the process of designing and maintaining a powerful portfolio.
More from the same
Love Books? You'll Love Audible.
Transform your day
Replace endless scrolling with endless listening. Chores can be fun.
Listen everywhere
Download titles to listen offline, wherever you are in the world.
Carry your entire Library
Your stories go where you go. Audiobooks don’t weigh a thing.
Listen and learn
Discover stories that can change your mind, your well-being, and your life.
Reach your reading goals
You can’t turn pages while you drive—but you can press play.
Find your niche
WIth thousands of titles to explore, there’s something for everyone.