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The Four Pillars of Investing Lessons for Building a Winning Portfolio

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The Four Pillars of Investing - DropPDF ~ unaware of the scientific basis of investing, which consists of four broad areas, the Four Pillars of this book. Pillar One: Theory The most fundamental characteristic of any investment is that its return and risk go hand in hand. As all too many have learned in the past few years, a market that doubles rapidly is just as likely to halve rap-

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The Four Pillars of Investing: Lessons for Building a ~ William J. Bernstein, Ph.D., M.D., is a neurologist and the cofounder of the investment management firm Efficient Frontier Advisors.He is the author of three finance books—The Intelligent Asset Allocator, The Four Pillars of Investing, and The Investor’s Manifesto—and two volumes of economic history, The Birth of Plenty and A Splendid Exchange