American · b. 1948
William Bernstein is an American neurologist turned financial theorist and author, best known for The Four Pillars of Investing and The Intelligent Asset Allocator.
William Bernstein is a former neurologist who became a respected financial theorist and adviser, bringing scientific rigor and historical perspective to the study of investing.
His books, including The Intelligent Asset Allocator and The Four Pillars of Investing, make the case for disciplined, diversified, low-cost portfolios built on an understanding of market history, theory, psychology, and the financial industry. He has also written sweeping economic histories such as A Splendid Exchange and The Birth of Plenty.
Bernstein is admired for grounding practical investment advice in deep knowledge of history and theory, and for his clear, principled advocacy of passive investing.
by William Bernstein
Bernstein's framework for intelligent investing built on four pillars: the theory of investing (risk and return, asset allocation), the history of investing (what markets have actually done over two centuries), the psychology of investing (why investors consistently make the same costly mistakes), and the business of investing (how Wall Street profits from investor behaviour).
Check Price on Amazon (paid link)Disclosure: Amazon links on this page are affiliate links. If you purchase through them we earn a small commission at no extra cost to you.