The Four Pillars of Investing

  • by William Bernstein
  • Narrated by Chris Ryan
  • 4 hrs and 25 mins
  • Unabridged Audiobook

Publisher's Summary

William Bernstein's The Four Pillars of Investing gives investors the tools they need to construct top-returning portfolios without the help of a financial adviser. In a relaxed, nonthreatening style, Dr. Bernstein provides a distinctive blend of market history, investing theory, and behavioral finance, one designed to help every investor become more self-sufficient and make better-informed investment decisions.
The Four Pillars of Investing explains how any investor can build a solid foundation for investing by focusing on four essential lessons, each building upon the other. Containing all of the tools needed to achieve investing success, without the help of a financial advisor, it presents:

Practical investing advice based on fascinating history lessons from the market
Exercises to determine risk tolerance as an investor
An easy-to-understand explanation of risk and reward in the capital markets


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Customer Reviews

Most Helpful

So good I listened twice

What did you learn from The Four Pillars of Investing that you would use in your daily life?

I have been learning to invest for 30 years. Had I bought this book in 1983 and followed Bernstein's advice, I would have slept better and been wealthier. This book prescribes a simple approach that requires discipline, and it explains why the approach will work. Not because it predicts performance of markets, but because it appreciates how markets behave owing to human nature.

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- Ronald

One of the Best Investing Books I've Read

William Bernstein does a great job laying out the case for passive investing, explaining why it works, how people can get overly enthusiastic in stocks and how bubbles can really pop. His recommendations on Asset Allocation are also spot on for the individual investor. Highly, Highly Recommend and listen to it over and over again.
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- Neal

Book Details

  • Release Date: 02-22-2006
  • Publisher: McGraw-Hill Education