You could end up with no safe assets left and having to sell equities to live on. Prime-Mitglieder genießen Zugang zu schnellem und kostenlosem Versand, tausenden Filmen und Serienepisoden mit Prime Video und vielen weiteren exklusiven Vorteilen. Skating to Where the Puck Is Going:! Etwas ist schiefgegangen. Gratis bücher - Skating Where the Puck Was: The Correlation Game in a Flat World (Investing for Adults), William J Bernstein.Genießen Sie die besten Fiction-Bücher, die wir zu bieten haben, völlig kostenlos. Quelle: Flickr, thepeachmartini, CC BY-NC-ND 2.0. Some of you know I grew up with hockey. Nicknamed “The Great One,” he is the leading scorer in National Hockey League (NHL) history. … Skating Where the Puck Was: The Correlation Game in a Flat World de Bernstein, William J sur AbeBooks.fr - ISBN 10 : 0988780305 - ISBN 13 : 9780988780309 - Efficient Frontier Publications - 2012 - Couverture souple Bernstein is one of the best writers on personal finance, a Bill James/ Nate Silver of finance. Skating To The Puck. Sign in to Purchase Instantly. Skating To The Puck. Skate to where the puck is heading, and that puck is heading straight for immutable public blockchains. I believe in both of those books he shows the risk and return of various portfolio mixes based on historical data. This series is not for novices. This booklet explores the notion that, as a general rule, no magic policy rich in high-return/low-correlation alternative asset classes exists that will simultaneously preserve upside reward and protect against downside losses. But if you're still skating where the puck was, this is a must read! "Skate where the puck’s going, not where it has been.” -advice Walter Gretzky gave to his hockey prodigy son, Wayne. Short Takes: U.S. Estate Taxes, a Primer on Ditching Expensive Mutual Funds, and more, Short Takes: Invisible Progress, Probate Fees, and more, Short Takes: John Bogle Leaves A Great Legacy, Firing Male Brokers and Financial Advisors, Short Takes: All-in-one ETFs, Bankruptcy, and more. Find helpful customer reviews and review ratings for Skating Where the Puck Was: The Correlation Game in a Flat World (Investing for Adults) at Amazon.com. Read more . Ironically, if the puck ends up in a slightly different space, they will be best prepared to adjust and respond. Wählen Sie die Kategorie aus, in der Sie suchen möchten. Wayne Gretzky is considered by many to be the greatest hockey player that has ever lived. Rare but possible.Also, you need rules to decide when to replenish the safe bucket from the risky bucket... not that easy... @Garth: What Milevsky says is true, but we have to look at alternatives. Die Firma hat eine Horde von Anwälten engagiert, um es den Jungs aus Südkorea mal richtig zu zeigen. Savvy investors know they pay fees to invest in mutual funds and Exchange-Traded Funds (ETFs). Buy Skating Where the Puck Was: The Correlation Game in a Flat World By William J Bernstein. There are many factors that can affect your decision on whether to take CPP at age 60 or 70 or somewhere in between. As such, to penalize U.S. companies because manufacturing numbers fell in China is very short sighted and skating to where the puck was, not where it is going. I recommend Bernstein's writing to my visitors, including this book and its two siblings. Here he reveals how many asset categories have become highly correlated, decreasing the benefits of most traditional diversification strategies. ), but the products I've found don't work nearly as well as he says.Here's my attempt at fixed rules for replenishing the safe bucket:https://www.michaeljamesonmoney.com/2014/02/cushioned-retirement-investing.htmlThis is what I'm using myself. Certainly not without risk in a prolonged down turn, and ought to be combined with some spending cut back rules. Skating Where the Puck Was by William J Bernstein, 9780988780309, available at Book Depository with free delivery worldwide. Entdecken Sie jetzt alle Amazon Prime-Vorteile. Portfolio theorists dream of finding risky asset classes with low correlation to known risky asset classes. This book is to the point, easy to read and one I will reread. But the expected return gap can't be too wide. "Michael, have you read Bernstein's "Intelligent Asset Allocator" or "Four Pillars of Investing"? I've read them all, and while this is my least favorite I rate it far above most other personal finance books available. Here is The Complete PDF Book Library. We shouldn’t be surprised to see these three different approaches to how companies are managing and responding to COVID and the economic crises.