Book Summaries
Chapter 6: Portfolio Policy for the Enterprising Investor: Negative Approach (The Intelligent Investor)
Unless lower rated bonds and preferred stock have a huge upside, enterprising investors should avoid them. Lowe rated securities usually collapse in adverse markets. It is good to avoid foreign bonds.
Unless lower rated bonds and preferred stock have a huge upside, enterprising investors should avoid them. Lowe rated securities usually collapse in adverse markets.
It is good to avoid foreign bonds. But ETF’s have mitigated for this problem, so do mutual funds that specialize in foreign bonds and lower-rated securities.
YARPP List
Related posts:
- Chapter 4: General Portfolio Policy: The Defensive Investor (The Intelligent Investor)
- Chapter 5: The Defensive Investor and Common Stocks (The Intelligent Investor)
- Chapter 2: The Investor and Inflation (The Intelligent Investor)
- Chapter 1: Investment Versus Speculation (The Intelligent Investor)
Keep Reading
Related Articles
Book Summaries
Myth 20: Researchers Have Demonstrated that Dreams Possess Symbolic Meaning
Dream dictionaries are books that help people explain the symbolic meaning to their dreams. These books promise to change your life very quickly. Websites exist for this purpose, so do software programs. Dream interpretation is good business. Unfortunately, it’s all bullshit.
Book Summaries
The Magician (King, Warrior, Magician, Lover)
### The Magician The Magician is the knower and the master of technology. Whoever is guided by the power of the Magician can fulfill these functions by use of ritual initiatory process, usually conducted by the “ritual elder” who guides the process of transformation.
Book Summaries
Chapter 17: The Wheels of Industry (Sapiens)
We used to rely on animals for energy. Muscle power was key to everything we did. Human muscles built carts and houses, ox muscles ploughed fields, while horse muscled moved things around. The energy that fueled this came from plants, and plants got their energy from the sun through photosynthesis.
Book Summaries
Risk Savvy Summary (9/10)
In *Risk Savvy*, Gigerenzer makes the contrarian case that the world doesn’t need more experts, more number crunching, more big data, but rather, a better education about the nature of risk. He contrasts risk with uncertainty.