A timeless approach to investing wisely over an investment lifetime

With the current market maelstrom as a background, this timely guide describes just how to plan a lifetime of investing, in good times and bad, discussing stocks and bonds as well as the relationship between risk and return.

Filled with in-depth insights and practical advice, The Investor’s Manifesto will help you understand the nuts and bolts of executing a lifetime investment plan, including: how to survive dealing with the investment industry, the practical meaning of market efficiency, how much to save, how to maintain discipline in the face of panics and manias, and what vehicles to use to achieve financial security and freedom.

• Written by bestselling author William J. Bernstein, well known for his insights on how individual investors can manage their personal wealth and retirement funds wisely
• Examines how the financial landscape has radically altered in the past two years, and what investors should do about it
• Contains practical insights that the everyday investor can understand
• Focuses on the concept of Pascal’s Wager-identifying and avoiding worst-case scenarios, and planning investment decisions on that basis

With The Investor’s Manifesto as your guide, you’ll quickly discover the timeless investment approaches that can put you in a better position to prosper over time.

Reviews

A distillation of his previous books with new lessons from 2008
As a longtime fan of Dr. Bernstein’s writing, I have to say that this is the most accessible version of his pro-indexing asset allocation philosophy available. No anecdotes, voodoo, or blackbox formulas here. Just solid, common sense advice backed up by data, data, and more data. Bernstein is a physician who also has a PhD so he’s no lightweight academically. Of course, those credentials don’t automatically translate into financial acumen so you also need to know that he is a published economic historian and well-read student of global markets and finance as well. I have read both of his previous investment books (“The Intelligent Asset Allocator” and “The Four Pillars of Investing”) and while they are both superb they tend toward more technical and detailed explanations of the same concepts packaged much more concisely in “The Investor’s Manifesto.” If you’re new to his ideas and writing, this is the place to start (and end, if that’s as far as your interest goes). Having said in the title of this review that the current book includes lessons from the 2008 market crash, the basic investment principles outlined in his previous books remain unchanged, since 2008 was only the latest in the depressing history of market booms and busts. This book is an absolute goldmine of investment wisdom and fairly focused asset allocation recommendations. It’s also full of witty asides. One of my favorites (referring to financial advisors) goes something like this: “I think that the word ‘guru’ has become popular because charlatan is so hard to spell.” If you have even half a brain and a little bit of discipline you can use the principles outlined in this book to profitably manage your own investment portfolio without expense-laden “help” from a professional advisor or broker. Current events in government and on Wall Street make this book even more essential reading.

About the Author

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“A gem from one of the most brilliant minds in personal finance.”
―Ben Stein, author, actor, TV personality, and New York Times columnist

“Investing, as it is said, is simple but it is not easy. Jonathan Clements’s fine new Little Book underscores the priceless (and price-less) value of simplicity. And his sage advice on living the good life and on spending well and saving wisely will surely make it, if not easy, at least easier for us to achieve financial peace of mind.”
―John C. Bogle, founder of Vanguard and author of Enough

“Nobody, and I mean nobody, can make the world of investing as easy to understand as Jonathan Clements can. In this wonderful book, he teaches Main Street how to beat Wall Street at its own game-and how to have fun along the way. This book does not stop at merely making you richer and smarter; it will even help you lead a better life.”
―Jason Zweig, author of Your Money and Your Brain and editor of Benjamin Graham’s The Intelligent Investor

“Jonathan Clements is one of our wisest and finest writers in the field of personal finance. This Little Book contains gems of wisdom not only about investing, but also about living a full and satisfying life.”
―Burton G. Malkiel, author of A Random Walk Down Wall Street

“Easy to read, easy to understan-and easy to put to work-this Little Book is a winner. I’m getting copies for our children-and their children, too.”
―Charles D. Ellis, author of Winning the Loser’s Game

About the Author

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