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

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

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

Author: William Bernstein
Edition: Hardcover
Published: 2000-09-22
ISBN: 0071362363
Number of pages: 206
Publisher: McGraw-Hill

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

Book Review: This book is not clear.
Summary: 2 Stars

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 bit confuse because of he did not clearly answer the above questions.


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

“Bernstein has become a guru to a peculiarly ’90s group: well-educated, Internet-powered people intent on investing well—and with minimal ‘help’ from professional Wall Street.”
--Robert Barker, BusinessWeek

William Bernstein is one of today’s most unlikely financial heroes. A practicing neurologist, he used his self-taught investment knowledge and research to build a popular investor’s website. Now, in the plain-spoken The Intelligent Asset Allocator, he shows independent investors how to build a diversified portfolio—without the help of a financial advisor. A breath of fresh air for investors tired of overly technical investment tomes, this book will help investors:

  • Learn the risk/reward characteristics of various investment types
  • Understand and apply portfolio theory for an improved risk/reward ratio
  • Sharpen their focus, and take control of their investment programs
William Bernstein runs a website—www.efficientfrontier.com—known for its quarterly journal of asset allocation and portfolio theory, Efficient Frontier.

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