Hacker News Comments on
The Four Pillars of Investing: Lessons for Building a Winning Portfolio
·
4
HN comments
- This course is unranked · view top recommended courses
Hacker News Stories and Comments
All the comments and stories posted to Hacker News that reference this book.One of the best introduction to investing for an individual investor is William Bernstein's Four Pillars of Investinghttps://www.amazon.com/Four-Pillars-Investing-Building-Portf...
For learning how financial world really works, Burton Malkiel's A Random Walk Down Wall Street is absolutely phenomenal.
This is my opinion as well. It's possible for more agile traders to consistently make money year after year. It's just fraught and you won't know until after the fact whether you have what it takes. You could also do well for a very long time and then lose those gains.People tend to trumpet their winnings and not their losses and a shocking number of people don't actually know their rate of return.
I recommend Four Pillars of Investing by William Bernstein (http://www.amazon.com/The-Four-Pillars-Investing-Portfolio/d...). It has a lot of overlap with Malkiel's book and I recommend both of them.
Until you have read at least one of them I recommend you not start investing. The Intelligent Investor is a little optimistic and in later editions even Benjamin Graham admits that maybe active investing is not the greatest idea for most people.
My first reaction is to flag and leave a snarky comment. Instead I'm going to comment and upvote.This is terrible advice on investing and not a starting point. Hold cash? Wait for the right time? Give me a break. And then they recommend you invest with them!
I recommend The Four Pillars of Investing by William Bernstein.
http://www.amazon.com/The-Four-Pillars-Investing-Portfolio/d...
At least he isn't trying to sell you anything besides the book.
I'll see your Malkiel and raise you a Bernstein:http://www.amazon.com/Four-Pillars-Investing-Building-Portfo...
The conclusion remains the same, however. Oh, how terribly dull it all is when compared to a nice game of craps.