The Affluent investor by Phil Demuth
The big take home is the need for your portfolio to change with your age. The book has a wider general knowledge approach than techniques. The book does use studies from economists to arrive at the 'to dos'. Most of the studies reveal that the obvious isnt right. Take for example, the returns of small value stocks. To know the study, you would have to read 'The cross section of expected stock returns' in the journal of finance. The book is easier than that article. The strength of the book lies in simplifying the research to make it relevant to the common man in the dark of the latest studies in investing.
The chapter on how different investors by trade (doctors, lawyers, celebs) make different kind of customers is comic.
The chapter on how different investors by trade (doctors, lawyers, celebs) make different kind of customers is comic.
I recently met someone who is a financial adviser whose clients - doctors fund his hotel management business.
optimal life cycle theory
some math
Black Scholes
Time diversification
independentinvestor
Efficient-market hypothesis
The Cross-Section of Expected Stock Returns
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