The Little Book that Saves Your Assets E-Book

David M. Darst

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: Little Books. Big Profits
• Sprache: Englisch

Seitenzahl: 220

Veröffentlichungsjahr: 2011

Beschreibung

If you've ever wondered how investors continue to see substantial market-beating investment returns with portfolios that just seem to grow and grow, The Little Book that Saves Your Assets: What the Rich Do to Stay Wealthy in Up and Down Markets will reveal some secrets. David Darst, also known as Mr. Asset Allocations, shows you how to use savvy asset allocation strategies that you can use to invest like the rich do. This dynamic and easy-to-understand book allows you to rethink your asset allocation strategies and make the leap from mediocre to stellar returns.

Leseprobe

Table of Contents

Praise

Little Book Big Profits Series

Title Page

Copyright Page

Dedication

Foreword

Introduction

Why You Need Asset Allocation

Chapter One - We All Do It (Even if We Don’t Realize It)

Chapter Two - Everyone Needs an Uncle Frank

Chapter Three - Building Your House

Chapter Four - Parts of the Whole—Combining Dreams into a Plan

Chapter Five - Two Strategies to Win the Battle for Investment Survival

Chapter Six - Do You Know Where You Are Going?

Chapter Seven - Mix, Don’t Match

Chapter Eight - Our Minds , Our Selves

Chapter Nine - The Jockey Matters as Much as the Horse

Chapter Ten - Riding Out Storms

Chapter Eleven - Build Your House on These Rocks

Chapter Twelve - Count to Zen

Chapter Thirteen - Seven Quick Ways to Ruin

Chapter Fourteen - The Road Less Traveled that You Should Take Right Now

Who Are You?

What Do You Think?

What Works for You?

Don’t Take My Word for It

Acknowledgments

More Praise for

The Little Book That Saves Your Assets

“. . . insightful, tidy, essential, provocative, and witty . . .”

Jerry Goodman, a.k.a Adam Smith, Author of The Money Game and Supermoney

“All too often, wisdom arrives in heavy doses. But not with David Darst. Although the wisdom he provides has extraordinary value, Darst delivers it here like fine champagne: full of sparkle and so good you hate to finish it. All investors have much to gain from his sparkling advice.”

Peter L. Bernstein, Author of Capital Ideas,Against the Gods, The Power of Gold, and Capital Ideas Evolving

“Asset allocation is an art, David Darst is the master. Now he has put it into an entertaining and readable form that enables individual investors to do what the pros do, build and save their assets!”

Consuelo Mack, Anchor and Managing Editor, Consuelo MackWealth Track on PBS.

“David Darst is a walking encyclopedia of investment information. This book is an invaluable source and reference.”

Barton Biggs, Managing Partner, Traxis Partners

“David Darst has combined his decades of experience at two of the best Wall Street firms with his inherent common sense to produce a readable guide through the mysteries of investing. By following his principles you should not only see the value of your assets grow but you should achieve peace of mind in the process.”

Byron Wien, Chief Investment Strategist, Pequot Capital Management

“David Darst has produced another winner! This book is a must-read for any investor who is serious about seeking the best risk-adjusted return on a portfolio. It is succinctly written, incorporates the latest insights from academic research, and is accessible to laypeople as well as being relevant to investment professionals.”

Samuel L. Hayes, Jacob H. Schiff Professor of Investment Banking, Emeritus, Harvard Business School

Little Book Big Profits Series

In the Little Book Big Profits series, the brightest icons in the financial world hold forth on topics ranging from tried-and-true investment strategies to tomorrow’s new trends. Each book offers a unique perspective on investing, allowing the reader to pick and choose from the very best in investment advice today.

Books in the Little Book Big Profits series include:

The Little Book That Beats the Market, where Joel Greenblatt, founder and managing partner at Gotham Capital, reveals a “magic formula” that is easy to use and makes buying good companies at bargain prices automatic, enabling you to successfully beat the market and professional managers by a wide margin.

The Little Book of Value Investing, where Christopher Browne, managing director of Tweedy, Browne Company, LLC, the oldest value investing firm on Wall Street, simply and succinctly explains how value investing, one of the most effective investment strategies ever created, works, and shows you how it can be applied globally.

The Little Book of Common Sense Investing, where Vanguard Group Founder John C. Bogle shares his own time-tested philosophies, lessons, and personal anecdotes to explain why outperforming the market is an investor illusion, and how the simplest of investment strategies—indexing—can deliver the greatest return to the greatest number of investors.

The Little Book That Makes You Rich, where Louis Navellier, financial analyst and editor of investment newsletters since 1980, offers readers a fundamental understanding of how to get rich using the best in growth investing strategies. Filled with in-depth insights and practical advice, The Little Book That Makes You Rich outlines an effective approach to building true wealth in today’s markets.

The Little Book That Builds Wealth, where Pat Dorsey, director of stock analysis for leading independent investment research provider Morningstar, Inc., guides the reader in understanding “economic moats,” learning how to measure them against one another, and selecting the best companies for the very best returns.

The Little Book That Saves Your Assets, where David Darst, a managing director of Morgan Stanley who chairs the firm’s Global Wealth Management Asset Allocation and Investment Policy Committee, explains the role of asset allocation in maximizing investment returns to meet life objectives. Brimming with the wisdom gained from years of practical experience, this book is a vital road map to a secure financial future.

Copyright © 2008 by David M. Darst. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

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Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

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Library of Congress Cataloging-in-Publication Data:

Darst, David M.

The little book that saves your assets: what the rich do to stay wealthy in up and down markets / David M. Darst.

p. cm.—(Little book big profits series)

Includes bibliographical references.

ISBN 978-0-470-25004-4 (cltoh)

1. Portfolio management. 2. Investments. I. Title.

HG4529.5.D372 2008

332.6—dc22

2008014639

For Guy, Susan, and Jim, Bob, Eleanor, and Kim, Diane, Elizabeth, David, and Charlie

Foreword

I would tell you that David Darst is one of the best investors out there, but that doesn’t do him justice. The man is a financial visionary, an incredible teacher, and knowledgeable beyond belief. Let me put it this way: David has figured out more markets than I have ever traded in. He has been the dominant thinker when it comes to the vast panoply of investments out there. He’s your guide through the financial supermarket we must all navigate, and without him, you will most surely get lost in the myriad aisles and end up buying the wrong thing at the wrong time. And in this supermarket there is no money-back guarantee. Or, to switch metaphors, with so many new things you can invest in, picking the right ones has become as difficult and frightening as climbing Mount Everest without this Sherpa showing you the way.