Title
The Little Book Of Alternative Investments: Reaping Rewards By Daring To Be Different
Processing time: 1-3 days
US Orders Ships in: 3-5 days
International Orders Ships in: 8-12 days
Return Policy: 15-days return on defective items
Payment Option
Praise For The Little Book Of Alternative InvestmentsBen And Phil Have Done It Again. Another Lucid, Insightful Book, Designed To Enhance Your Wealth! In Today'S Stockaddled Cult Of Equities, There Is A Gaping Hole In Most Investors' Portfolios...The Whole Panoply Of Alternative Investments That Can Simultaneously Help Us Cut Our Risk, Better Hedge Our Inflation Risk, And Boost Our Return. This Little Book Is Filled With Big Ideas On How To Make These Markets And Strategies A Treasured Part Of Our Investing Toolkit.Robert Arnott, Chairman, Research AffiliatesI Have Been Reading Ben Stein For Thirtyfive Years And Phil Demuth Since He Joined Up With Ben Ten Years Ago. They Do Solid Work, And This Latest Is No Exception.Jim Rogers, Author Of A Gift To My ChildrenIf Anyone Can Make Hedge Funds Sexy, Stein And Demuth Can, And They'Ve Done It With Style In This Engaging, Instructive, And Tasteful Howto Guide For Investing In Alternatives. But You Should Read This Kama Sutra Of Investment Manuals Not Just For The Thrills, But Also To Learn How To Avoid The Hazards Of Promiscuous And Unprotected Investing.Andrew Lo, Professor And Director, Mit Laboratory For Financial Engineeringq&A With Coauthors Ben Stein And Phil Demuthcoauthor Ben Stein The Book Discusses The 60/40 Portfolio What Are The Good And Bad Sides Of It?The 60/40 Stock/Bond Portfolio Has Evolved By Natural Selection To Be The Default Preference For Many Investors. Since 1976 It Has Offered About 93 Percent Of The Returns Of The Entire Stock Market With Only About 65% Of The Risk. That'S A Pretty Good Tradeoff. On The Other Hand, The Vast Majority Of The Risk Comes From The Stock Side. It Is Basically Riding The Stock Market With A Shockabsorber From The Bonds. This Is The Impetus To Our Search For Alternatives The Desire To Spread Our Risks So We Don'T Get Jerked Around As Much.Why Do You Say In The Book Luck Is A Terrible Strategy ?If You Scratch The Surface, Most Investors Are Terrified. They Know The Pain Of Losing Money, Yet They Have To Do Something With Their Savings, So They Are Led By The Financial Services Industry To Throw It At Whatever Has Done Well Lately And Then Cross Their Fingers. Wall Street'S Basic Strategy Is To Post Impressive Performance Numbers By Taking On Added Risks That Are Not Visible Until It Is Too Late. This Is What Lures The Suckers Into The Tent. It Works Most Of The Time, Because Most Of The Time The Market Is Up. When It Collapses, If Investors Move At All, It Is Simply To The Next Guy With A Great Recent Track Record. This Is Not A Profitable Way To Invest.Coauthor Phil Demuth Why Are You Against Gold (I.E. If You Are A King Or Pirate, You Need A Chest Of Gold. If Not, You Dont)Most Assets Are Supported By Underlying Earning Power. Gold Is Supported By Other People'S Fascination With Gold. This Is A Circular Argument. Gold Is Extremely Difficult To Value Rationally, Which Means That Its Price Is Wildly Susceptible To Fanaticism And Gold Metaphysics. By Definition, Most People Will Get Most Interested Precisely When The Price Is Highest And The Expected Future Returns Are Lowest. That Said, We Do Believe That A Small Allocation To A Broad Basket Of Commodities (Including Precious Metals) Can Be A Useful Portfolio Diversifier.Why Are Hedge Funds The Ultimate Alternative Investment?Hedge Funds Are The Ultimate Alternative Investment Because They Set Out To Be. They Set Out To 'Hedge Or Bet Against Whatever Is The Prevailing Wisdom Or Trend. Their Whole Purpose Is To Go Against Whatever The General Market Feeling Is: So, If People Are Loading Up On Crude Oil, They Sell Crude; If People Are Going Long On Real Estate, They Go Short On Real Estate. If The Market Generally Is Optimistic, They Short The Market.That Is At Least What Hedge Funds Are Supposed To Be. Some Are Really Just Managed Investment Pools, But Their Goal Is To Be Contrary.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: How many pages does the book have? A: The book has two hundred fifty-seven pages. This length allows for an in-depth exploration of alternative investment strategies.
- Q: What type of binding does this book have? A: The book is bound in hardcover. This durable binding provides longevity and a premium reading experience.
- Q: What are the dimensions of the book? A: The book measures five inches in length, one point two six inches in width, and seven point zero one inches in height. These dimensions make it compact and easy to handle.
- Q: What is the main focus of this book? A: The main focus of the book is on alternative investments. It explores various strategies that can enhance investment portfolios beyond traditional stocks and bonds.
- Q: Who are the authors of this book? A: The authors are Ben Stein and Phil DeMuth. They are well-respected figures in the investment community, known for their insightful perspectives.
- Q: What is the target audience for this book? A: The book is suitable for both novice and experienced investors. It provides valuable insights into alternative investment strategies for anyone looking to diversify their portfolio.
- Q: How should I read this book for best understanding? A: It is recommended to read the book sequentially. Each chapter builds on the previous one, helping readers develop a comprehensive understanding of alternative investments.
- Q: Is this book suitable for beginners in investing? A: Yes, this book is suitable for beginners. It explains complex topics in an accessible manner, making it easier for new investors to grasp alternative investment concepts.
- Q: Are there any special investment strategies discussed? A: Yes, the book discusses various alternative investment strategies such as hedge funds and commodities. It offers insights into how these can reduce risk and enhance returns.
- Q: How should I store this book to keep it in good condition? A: Store the book upright on a shelf or in a bookcase. Keeping it away from direct sunlight and moisture will help maintain its condition.
- Q: What if I receive a damaged book? A: If you receive a damaged book, you should contact customer support for a return or exchange. Most retailers have policies in place to handle such issues.
- Q: Can I return the book if I am not satisfied? A: Yes, you can typically return the book if you are not satisfied. Check the return policy of the retailer for specific details.
- Q: Is there a warranty on this book? A: No, books generally do not come with warranties. However, retailers may offer guarantees on returns for a specific period.
- Q: What should I do if I lose my copy of the book? A: If you lose your copy, you can purchase a new one from various retailers. Digital versions may also be available for immediate download.
- Q: Are there any online resources related to this book? A: Yes, there may be online resources, including reviews and discussion forums. These can provide additional insights and perspectives on the book's content.
- Q: How can I contact the authors for questions about the book? A: You can often find contact information or social media links for the authors in the book or on their publisher's website. They may also have official websites for inquiries.