Enrich Your Future - Larry E. Swedroe

Enrich Your Future

The Keys to Successful Investing
Buch | Hardcover
320 Seiten
2024
John Wiley & Sons Inc (Verlag)
978-1-394-24544-4 (ISBN)
29,90 inkl. MwSt
Create a winning portfolio by understanding the realities of modern investing

In Enrich Your Future: The Keys to Successful Investing, prolific author and investor Larry Swedroe shines light on the foundation of modern investing, enabling readers to create winning portfolios through simple yet effective strategies. Through a combination of analogies, personal anecdotes, and empirical evidence from peer reviewed journals, the book clearly explains how to play the winner’s game, instead of simply following the crowd, speculating, and making brokers and fund families wealthy in the process.

The book begins by first explaining how to put your portfolio on the right path, then how to keep a steady course during market uncertainty, when many investors fall victim to human nature, lose perspective, and make incorrect investment decisions based on fear and greed.

In this book, readers will learn:



How prices of securities are established and why it's so difficult to outperform on a risk-adjusted basis
How to navigate various key decision points when designing your portfolio
How to develop a conceptually sound investment strategy and reach your financial goals faster
How playing the winner’s game in investing will improve the quality of your life as well.

Revealing the true nature of the modern financial market and changing the way readers approach investing in general, Enrich Your Future: The Keys to Successful Investing is an essential guide for individual investors and financial advisors seeking to make more informed and prudent investment decisions.

LARRY E. SWEDROE is head of financial and economic research for Buckingham Wealth Partners. A prolific writer and contributor to multiple national outlets, he has authored eight books, co-authored nine others, and was among the first authors to publish a book explaining the science of investing in layman’s terms.

Also by Larry E. Swedroe xiii

Foreword xvii

Introduction xxiii

Part One: How Markets Work: How Security Prices Are Determined and Why It’s So Difficult to Outperform

Chapter 1: The Determinants of the Risk and Return of Stocks and Bonds 3

Chapter 2: How Markets Set Prices 9

Chapter 3: Persistence of Performance 27

Chapter 4: Why Is Persistent Outperformance So Hard to Find? 35

Chapter 5: Great Companies Do Not Make High- Return Investments 39

Chapter 6: Market Efficiency and the Case of Pete Rose 47

Chapter 7: The Value of Security Analysis 51

Chapter 8: Be Careful What You Ask For 55

Chapter 9: The Fed Model and the Money Illusion 59

Part Two: Strategic Portfolio Decisions

Chapter 10: When Even the Best Aren’t Likely to Win the Game 67

Chapter 11: The Demon of Chance 73

Chapter 12: Outfoxing the Box 79

Chapter 13: Between a Rock and a Hard Place 83

Chapter 14: Stocks Are Risky No Matter How Long the Horizon 87

Chapter 15: Individual Stocks Are Riskier Than Investors Believe 91

Chapter 16: All Crystal Balls Are Cloudy 97

Chapter 17: There Is Only One Way to See Things Rightly 105

Chapter 18: Black Swans and Fat Tails 109

Chapter 19: Is Gold a Safe Haven Asset? 115

Chapter 20: A Higher Intelligence 121

Part Three: Behavioral Finance: We Have Met the Enemy and He Is Us

Chapter 21: You Can’t Handle the Truth 127

Chapter 22: Some Risks Are Not Worth Taking 133

Chapter 23: Framing the Problem 137

Chapter 24: Why Do Smart People Do Dumb Things? 143

Chapter 25: Battles Are Won Before They Are Fought 153

Chapter 26: Dollar Cost Averaging 161

Chapter 27: Pascal’s Wager and the Making of Prudent Decisions 167

Chapter 28: Buy, Hold, or Sell, and the Endowment Effect 173

Chapter 29: The Drivers of Investor Behavior 177

Chapter 30: The Economically Irrational Investor Preference for Dividend- Paying Stocks 185

Chapter 31: The Uncertainty of Investing 193

Part Four: Playing the Winner’s Game in Life and Investing

Chapter 32: The 20- Dollar Bill 199

Chapter 33: An Investor’s Worst Enemy 205

Chapter 34: Bear Markets 211

Chapter 35: Mad Money 219

Chapter 36: Fashions and Investment Folly 227

Chapter 37: Sell in May and Go Away 233

Chapter 38: Chasing Spectacular Fund Performance 235

Chapter 39: Enough 239

Chapter 40: The Big Rocks 243

Chapter 41: A Tale of Two Strategies 249

Chapter 42: How to Identify an Advisor You Can Trust 253

Conclusion 257

Appendix A: Implementation: Recommended Investment Vehicles 261

Notes 271

Acknowledgments 285

Index 287

Erscheinungsdatum
Verlagsort New York
Sprache englisch
Maße 163 x 234 mm
Gewicht 476 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
ISBN-10 1-394-24544-0 / 1394245440
ISBN-13 978-1-394-24544-4 / 9781394245444
Zustand Neuware
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