He lives in Portland, Oregon. Find it … The Intelligent Asset Allocator has helped thousands of people like you build wealth through carefully diversified portfolios. It lacks, however, a broader view and more thorough global asset allocation explanation since the book is written mainly for US reader. There is a three step process for creating the proper asset allocation for your portfolio: Once you’ve determined the right asset allocation for your goals and risk tolerance, set it and leave it be. Today's very special episode with William Bernstein, PhD in Chemistry MD, Co-Principal of Efficient Frontier Advisors, and author. Very interesting book on asset allocation. Today it’s time to recap the fourth and final book in the challenge: The Intelligent Asset Allocator by William Bernstein. Now, with global markets in constant flux, balancing risk and reward is more critical than ever. Thatâs Malala Yousafzai, Pakistani human rights... To see what your friends thought of this book, For investors, if there is one book you should read, it is "Four Pillars of Investing," by William Bernstein. “Bernstein has become a guru to a peculiarly ’90s group: well-educated, Internet-powered people intent on investing well—and with minimal ‘help’ from professional Wall Street.” --Robert Barker, BusinessWeek William Bernstein is … - Selection from The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk [Book] Please read my disclosure for more information. It boils down modern portfolio theory into very digestible and convincing forms for the intelligent/diligent lay reader. Here is the ETF allocation for William Bernstein’s No Brainer Lazy Portfolio. You can read my recap of book #1 here, book #2 here, and book #3 here. I’m proud of myself for finishing all four of these books. Easy read with good examples. Reading this book is like reading a textbook for your Math class (and I dont mean that in a good way). Intelligent Asset Allocator (full title: The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk) Contents. “You have just been introduced to one of the fundamental laws of investing: in the long run you are compensated for bearing risk.”. Interested in The Intelligent Asset Allocator by William Bernstein? The concept of the efficient frontier is that there are a number of efficient portfolios that produce the highest return for the lowest level of risk. This is geared towards people who will be self-managing their portfolios. Fundamental mathematical concepts of geometric return, standard deviation, and correlation are given clear and understandable definition. These efficient frontiers also change over time, so past performance won’t indicate the efficient frontier of the future. Time-Tested Techniques - Safe, Simple, and Proven Effective - for Building Your Own Investment Portfolio. Unlike the other three books, this book was relatively short, at only 225 pages. We cover 32 ETF portfolios by William Bernstein below. This means that if you purchase one of the books in the above links, I may receive a small commission, but it has no impact on the price you pay. Amazon Price New from Used from Kindle "Please retry" $26.63 — — Hardcover, Illustrated "Please retry" $48.07 . William Bernstein is no doubt an intellectual on the art of portfolio diversification, no doubt! Easy to understand for non finance folks. 4.3, 6 Ratings; $23.99; $23.99 ; Publisher Description. Due to the mathematical nature of asset allocation optimization, some understanding of math and statistics is required to make the most of this book, but it should be readable and immediately practical for most investors.