Rating: Eagle

For starters Craig is colleague from the academia world whose investment research happens to strongly endorse how we specifically manage our multi-asset class, non-correlated portfolios today. Far be it for me to absolutely love his concepts and how he shares them. The greater concept of having a smoother investment ride is compellingly made through its chapters.

This book does fill in some basics for the lay investor in a straight forward way. He also lays out the numerous positive attributes this approach to investing offers. Probably the only subtraction in his work (aside that this specific book is a bit dated), in contrast to our Investment discipline, is the lack of representation how it is Investor Behavior that still drives ultimate Investor Returns. Lastly, some of the generalizations all investment books use as it applies to Planning unfortunately don’t hold true in all personal planning situations.

What caught my eye: There is such a thing as bad diversification. I liken it to having a basketball team made up of 5 different point guards.