This is a phenomenal finance book. The pages are few, the paper is compact, and the font is large. This book gets right to the point without any "fluff". I enjoyed this read so much that I ordered more of Edelman's books. I learned about diversification via asset allocation. Having a mix of stocks and bonds is not true diversification is the stocks and bonds are in single asset classes (e.g.- only corporate bonds and only large cap value stocks). I also learned the pitfalls of mutual funds in terms of high fees and excessive taxes that fund managers pass on to ordinary people like me. This is an excellent resource that I could not recommend more!
No comments:
Post a Comment