The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk »

William Bernstein (North Bend, OR) runs a website—www.efficientfrontier.com—known for its quarterly journal of asset allocation and portfolio theory, Efficient Frontier.

Time-Tested Techniques - Safe, Simple, and Proven Effective - for Building Your Own Investment Portfolio.

"As its title suggest, Bill Bernstein's fine book honors the sensible principles of Benjamin Graham in the Intelligent Investor Bernstein's concepts are sound, his writing crystal clear, and his exposition orderly. Any reader who takes the time and effort to understand his approach to the crucial subject of asset allocation will surely be rewarded with enhanced long-term returns."
- John C. Bogle, Founder and former Chief Executive Officer, The Vanguard Group President, Bogle Financial Markets Research Center Author, common Sense on Mutual Funds.

"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, Columnist, BusinessWeek.

"I go home and tell my wife sometimes, 'I wonder if [Bernstein] doesn't know more than me.' It's humbling."
- John Rekenthaler, Research Chief, Morningstar Inc.

William Bernstein is an unlikely financial hero. A practicing neurologist, he used his self-taught investment knowledge and research to build one of today's most respected investor's websites. Now, let his plain-spoken The Intelligent Asset Allocator show you how to use the time-honored techniques of asset allocation to build your own pathway to financial security - one that is easy-to-understand, easier-to-apply, and supported by 75 years of solid history and wealth-building results.

William Bernstein (North Bend, OR) runs a website—www.efficientfrontier.com—known for its quarterly journal of asset allocation and portfolio theory, Efficient Frontier.

BusinessWeek - Robert Barker

A practicing neurologist in remote coastal Oregon, Bernstein comes to the problems of saving and investing not from a broker's perspective, but as someone who had to figure this out himself, from first principles up. He introduces readers to an imaginary Uncle Fred, who helps to guide us through lessons in statistics, probability theory, diversification, portfolio management, and the superiority of cheap value stocks over shares in growth companies. None of this is easy, hor does Bernstein treat it that way. But he is refreshingly respectful of our time, packing maximum thinking into minimum pages.

General Considerations.

Risk and Return.

The Behavior of Multiple-Asset Portfolios.

The Behavior of Real-World Portfolios.

Optimal Asset Allocations.

Market Efficiency.

Odds and Ends.

Implementing Your Asset Allocation Strategy.

Investment Resources.
Appendices.