{"product_id":"the-intelligent-portfolio-practical-wisdom-on-personal-investing-from-financial-engines-hardback-9780470228043","title":"The Intelligent Portfolio; Practical Wisdom on Personal Investing from Financial Engines (Hardback) 9780470228043","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Intelligent Portfolio\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003ePractical Wisdom on Personal Investing from Financial Engines\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eChristopher L. Jones (Author), William F. Sharpe (Foreword by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470228043, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 27 May 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e384 pages, Drawings: 47 B\u0026amp;W, 0 Color; Screen captures: 1 B\u0026amp;W, 0 Color; Tables: 73 B\u0026amp;W, 0 Color\u003cbr\u003e22.6 x 15.2 x 3.3 cm, 0.612 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"The irreverence [Jones] displays toward history as a predictor for investment is one of dozens of viewpoints that fly in the face of conventional portfolio-building wisdom.\" --\u003ci\u003eThe Star-Telegram\u003c\/i\u003e  \u003cp\u003e\"A very comprehensive book which covers risk versus rewards, past performance versus future expected returns, market timing versus long term investing, and investing in individual stocks versus investing in mutual funds. He also discusses diversification, fees and expenses, and the tax consequences of investing. All of his recommendations are backed up with extensive research and presented in an easy-to-understand manner.\"--\u003ci\u003eStockerblog\u003c\/i\u003e\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003ci\u003eThe Intelligent Portfolio\u003c\/i\u003e draws upon the extensive insights of Financial Engines—a leading provider of investment advisory and management services founded by Nobel Prize-winning economist William F. Sharpe—to reveal the time-tested institutional investing techniques that you can use to help improve your investment performance. Throughout these pages, Financial Engines’ CIO, Christopher Jones, uses state-of-the-art simulation and optimization methods to demonstrate the often-surprising results of applying modern financial economics to personal investment decisions.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xvi\u003c\/p\u003e \u003cp\u003eIntroduction to Financial Engines xviii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Now it’s Personal 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Changing World 2\u003c\/p\u003e \u003cp\u003eThe Grand Social Experiment: 401(k) 6\u003c\/p\u003e \u003cp\u003eThe Knowledge Gap 7\u003c\/p\u003e \u003cp\u003eThe Traditional Advice Model 8\u003c\/p\u003e \u003cp\u003eInstitutional Tools of the Trade 10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 No Free Lunch 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eI’ll Take the one with the Highest Return. . . 26\u003c\/p\u003e \u003cp\u003eA Little Bit of Latin: Ex-Ante and Ex-Post 28\u003c\/p\u003e \u003cp\u003eHow are the Prices of Risky Assets Set? 29\u003c\/p\u003e \u003cp\u003eThe Link Between Risk and Return 31\u003c\/p\u003e \u003cp\u003eWhen High Risk does not Mean High Return 34\u003c\/p\u003e \u003cp\u003eHidden Risks and the Peso Problem 36\u003c\/p\u003e \u003cp\u003eHow Much Risk Am I Taking? 38\u003c\/p\u003e \u003cp\u003eRisks and Returns of Different Assets 42\u003c\/p\u003e \u003cp\u003eDoes it Pass the Blush Test? 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 History is Bunk 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory and Expected Returns 51\u003c\/p\u003e \u003cp\u003eThe Past is not the Future 52\u003c\/p\u003e \u003cp\u003eHistory is Sometimes not What it Seems 55\u003c\/p\u003e \u003cp\u003eInvesting with Perfect Hindsight 57\u003c\/p\u003e \u003cp\u003eThe Lucky and the Skillful 60\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Wisdom of the Market 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Efficient Market? 74\u003c\/p\u003e \u003cp\u003eWhat is the Market Portfolio? 78\u003c\/p\u003e \u003cp\u003eWhat does the Market Portfolio Look Like? 79\u003c\/p\u003e \u003cp\u003eThere’s no Place Like Home 81\u003c\/p\u003e \u003cp\u003eHistory of the Market Portfolio 83\u003c\/p\u003e \u003cp\u003eBetting Against the Market 85\u003c\/p\u003e \u003cp\u003eAvoiding Unintentional Bets 87\u003c\/p\u003e \u003cp\u003eRisk and the Market Portfolio 89\u003c\/p\u003e \u003cp\u003eThe Market’s View of Future Returns 91\u003c\/p\u003e \u003cp\u003eMarket Portfolio Simulations 97\u003c\/p\u003e \u003cp\u003eFinal Thoughts 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Getting the Risk Right 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow to Measure Risk 103\u003c\/p\u003e \u003cp\u003eAsset Mix and Short-Term Loss 106\u003c\/p\u003e \u003cp\u003eRisk and Portfolio Outcomes 109\u003c\/p\u003e \u003cp\u003eRisk and Time Horizon 113\u003c\/p\u003e \u003cp\u003eFactors to Consider in Selecting a Risk Level 120\u003c\/p\u003e \u003cp\u003eExamples of Informed Investor Behavior 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 An Unnecessary Gamble 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Different Sort of Beast 128\u003c\/p\u003e \u003cp\u003eThe Risk of Individual Stocks 130\u003c\/p\u003e \u003cp\u003eThe Implications of Individual Stock Risk 132\u003c\/p\u003e \u003cp\u003eExpected Growth Rates 136\u003c\/p\u003e \u003cp\u003eThe Biggest Mistake in Retirement Investing 142\u003c\/p\u003e \u003cp\u003eWhat About More Than One? 144\u003c\/p\u003e \u003cp\u003eDo You Feel Lucky? 149\u003c\/p\u003e \u003cp\u003eHow to Invest in Stocks Safely 150\u003c\/p\u003e \u003cp\u003eHidden Costs 152\u003c\/p\u003e \u003cp\u003eDealing with Unwanted Stock Risk 154\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 How Fees Eat Your Lunch 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt’s Basic Arithmetic 158\u003c\/p\u003e \u003cp\u003eBig Business 160\u003c\/p\u003e \u003cp\u003eFor Every Winner there Has to Be a Loser 161\u003c\/p\u003e \u003cp\u003eIt Still Adds Up to Dollars 164\u003c\/p\u003e \u003cp\u003eA Wide, Wide World 167\u003c\/p\u003e \u003cp\u003eHow Fees Eat Your Lunch 168\u003c\/p\u003e \u003cp\u003eIt’s a Heavy Load to Bear 175\u003c\/p\u003e \u003cp\u003eFees and the Bigger Picture 176\u003c\/p\u003e \u003cp\u003ePractical Considerations 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Smart Diversification 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Goals of Diversification 184\u003c\/p\u003e \u003cp\u003eThe Big Picture 185\u003c\/p\u003e \u003cp\u003eWhy Hierarchy is Bad for Portfolios 189\u003c\/p\u003e \u003cp\u003eThe Value of Asset Class Diversification 193\u003c\/p\u003e \u003cp\u003eDiversification Ain’t What it Used to Be 197\u003c\/p\u003e \u003cp\u003eDiversification and Investment Choices 198\u003c\/p\u003e \u003cp\u003eThe Big Picture: Part II 205\u003c\/p\u003e \u003cp\u003eThe Search for Better Diversification 211\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Picking the Good Ones 221\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Stuff that Matters 224\u003c\/p\u003e \u003cp\u003eIt’s About the Future 227\u003c\/p\u003e \u003cp\u003eRisk Tolerance and Fund Choice 227\u003c\/p\u003e \u003cp\u003eInvestment Style 228\u003c\/p\u003e \u003cp\u003eFund Expenses 232\u003c\/p\u003e \u003cp\u003ePredicting Mutual Fund Performance 233\u003c\/p\u003e \u003cp\u003eRating Funds 236\u003c\/p\u003e \u003cp\u003ePutting the Pieces Together 257\u003c\/p\u003e \u003cp\u003eWhat it Takes to Rank Among the Best 259\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Funding the Future 263\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Benefits of Being Flexible 264\u003c\/p\u003e \u003cp\u003eTaxable and Tax-Deferred Savings 266\u003c\/p\u003e \u003cp\u003eHow Much do you Need? 269\u003c\/p\u003e \u003cp\u003eFrom Wealth to Income 271\u003c\/p\u003e \u003cp\u003eThe Myth of Absolutes 275\u003c\/p\u003e \u003cp\u003eRisk, Time, and Savings 281\u003c\/p\u003e \u003cp\u003eWhat it Takes to Get there 291\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Investing and Uncle Sam 295\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy you don’t Want to Minimize Taxes 297\u003c\/p\u003e \u003cp\u003eHow Taxes Impact Investment Returns 298\u003c\/p\u003e \u003cp\u003eThe Impact of Personal Tax Rates 301\u003c\/p\u003e \u003cp\u003eTax Efficiency of Asset Classes 303\u003c\/p\u003e \u003cp\u003eAsset Placement 306\u003c\/p\u003e \u003cp\u003eMutual Fund Tax Efficiency 308\u003c\/p\u003e \u003cp\u003eMunicipal Bonds 312\u003c\/p\u003e \u003cp\u003eCapital Gains and Losses 316\u003c\/p\u003e \u003cp\u003ePutting it All Together 319\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Wrapping it Up 321\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAppendix The Personal Online Advisor 331\u003c\/p\u003e \u003cp\u003eNotes 335\u003c\/p\u003e \u003cp\u003eGlossary 347\u003c\/p\u003e \u003cp\u003eAbout the Author 357\u003c\/p\u003e \u003cp\u003eIndex 359\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52470066053400,"sku":"9780470228043","price":18.59,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470228043_171887.jpg?v=1785631015","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-intelligent-portfolio-practical-wisdom-on-personal-investing-from-financial-engines-hardback-9780470228043","provider":"Freshly Printed Books","version":"1.0","type":"link"}