Reviews for INVESTING IN ANTIQUE JEWELLERY

The average rating for INVESTING IN ANTIQUE JEWELLERY based on 2 reviews is 2.5 stars.

Review # 1 was written on 2020-03-12 00:00:00 Ryan Vintin A short book with lots of difficult vocabulary about investing that concentrates too much on institutional investors especially through the beginning of the book. Ellis highlights a few central themes at the beginning about risk, returns, and portfolios with similarities to the points of Bernstein and Malkiel, but he explains in doing so how your investment manager should be watched. Ellis notes investment managers who happen to do very well, should be doing so within the predetermined risk tolerance of the investment, otherwise they eventually will do very poorly. He reiterates this regression to the mean phenomenon, suggesting that one chooses competent stocks and investors that have recently done poorly like Bernstein. He appears to think very little of bonds, especially for those who are investing longer than 20 years, even noting people at retirement probably don’t risk enough, and thoroughly shows how inflation has a profound affect on shrinking investments. Most of the knowledge is geared to more serious investors and profession investment management like college trusts, but there are enough interesting points to make it worthwhile, especially near the end of the book. Much of it agrees with the other index oriented books of Bernstein and Malkiel highlighted earlier.

Review # 2 was written on 2018-06-10 00:00:00 Peter Stone Obviously the author was a successful investor. However, this book is a load of crap. He is a paid shill for Vanguard, American Funds, and T. Rowe Price (he does disclose in the book). His mantra is that active asset management doesn't work and the best funds are the cheapest. Being an investment professional, I have yet to find any of the "cheap" funds from Vanguard anywhere near the top 25% in performance. His incessant harping on indexing as the only way to invest doesn't answer the question of which indices to choose, when to sell one index and buy another, or how to allocate between the 6 asset classes. He is just like the government regulators who think that all investment professionals are constantly screwing the public because we charge for our services and cant predict the futures. I don't have a clue on how to do many things in this world so I guess I am being screwed because I hire others to build decks, reside my house, or replace my driveway. Using the author's logic, I should be able to learn these things on my own and am stupid for paying others to do things I don't want to do. On a positive note, I did pass the course the book was tied to so now I have the ability to be a discretionary portfolio manager. I suppose the author would now warn you to watch out for me!