The Ages of the Investor Audiobook By William J. Bernstein cover art

The Ages of the Investor

A Critical Look at Lifecycle Investing

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The Ages of the Investor

By: William J. Bernstein
Narrated by: Brian Holsopple
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The Ages of the Investor: A Critical Look at Lifecycle Investing is intended to be the first installment in the Investing for Adults series.

Just as grownups do not believe in the Tooth Fairy, the Easter Bunny, or Santa Claus, "Investing adults" know that there is no such creature as the Stock-picking Fairy or the Market-timing Fairy. Further, there is no Risk Fairy who will write you cheap options that will protect your stock holdings against loss. Investing adults are familiar with Gene Fama, Zvi Bodie, Jack Bogle, and Burton Malkiel, and understand that a mean variance optimizer does not blend vegetables.

In other words, this series is not for beginners.

Future topics will, with luck, include the limits of market efficiency and diversification in increasingly nonsegmented global markets.

Download the accompanying reference guide.©2012 William J Bernstein (P)2012 Podium Publishing Investing & Trading Investing Stock
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This is a valuable introduction to retirement planning, something we all have to consider as soon as we start working, to assure we aren't poverty stricken when we can least afford to be vulnerable.

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In my opinion, listen did this audiobook as many times as you can. This would really help understand the whole process. Dr. Bernstein is the best.

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