The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk

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The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk
by William Bernstein
from McGraw-Hill

Customer Reviews:

• Avg. Customer Rating: 4.5 / 5.0

• A Must Read for Asset Allocation Planning
  William Bernstein has written an excellent book on Asset Allocation. I was first introduced to the book at a local chapter of AAII. It was highly recommended by all the members who had read it.I found the book to be an easy read and held my interest all the way through.I can't say that about many books on financial subjects.His research along with the data presented as tables and graphs was easy to follow and understand.It was well worth the time and money spent.

• This book is not clear.
  He tries to simplify the math. Result: Unclear explanations.
  He mentions Markowitz allocation and says that the portfolio projected using historical parameters did poorly. Then what do you do? His equal part allocation?
  He apparently strongly support indexing based on poor mutual fund performance. Later he says the title of the book is in honor of Benjamin Graham. Graham taught how to choose stocks based on fundamentals.
  So what? Indexing or stock picking?
  Frankly, I found the book a... more info

• Does not meet expectation set in the title
  From the title "How to Build Your Portfolio to Maximize Returns and Minimize Risk". The book fell short, by quite a large margin.
  The book is a quick read and that was a bad thing. I was looking for an in depth explanation on how to build a good asset allocation. The math for pick two asset classes is explained and how those asset classes, when picked correctly, can actually decrease risk and increase performance to better either one held individually. This all makes sense and was nothing too to me,... more info

• The best "How To" book on Investing
  This book is great from the perspective that it gives you a detailed look at historical returns using different investing methods and different asset classes. It takes you on a walk using statistics that leads you to the conclusion that getting into the market, staying in the market with a low cost (Trading fees and other cost associated with maintaining a portfolio) and properly allocated portfolio is the only time tested way to maximize your returns over the long term. While " A Random Walk Down Wall... more info

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