Book description
Deep risk: How History informs Portfolio Design is the third installment in the investing for adults series. this series is not for novices. This booklet takes portfolio design beyond the familiar “black box” mean-variance framework. Most importantly, the short-term volatility of financial assets, commonly measured as standard deviation, is a…
- Coming soon!
Why read it?
1 author picked Deep Risk as one of their favorite books. Why do they recommend it?
William J Bernstein's third booklet, “Deep Risk ,” circles back to Pfau’s video and blog about this booklet.
– Risk = [size of the loss] X [duration of the loss]
– Shallow Risk = loss of real capital that recovers relatively quickly
– Deep Risk = permanent loss of real capital
– A person may
experience shallow risk, but put themselves into deep risk by buying high and selling low … thus, permanently losing the capital value they would have had if they had stuck it out (goes to the two kinds of risk in the first booklet).
– You…
If you love Deep Risk...
The High House
The Victorian mansion, Evenmere, is the mechanism that runs the universe.
The lamps must be lit, or the stars die. The clocks must be wound, or Time ceases. The Balance between Order and Chaos must be preserved, or Existence crumbles.
Appointed the Steward of Evenmere, Carter Anderson must learn the…
Want books like Deep Risk?
Our community of 12,000+ authors has personally recommended 12 books like Deep Risk.
📚 If you like Deep Risk, you might also like...
Aggressor
It is April 1st, 2038. Day 60 of China's blockade of the rebel island of Taiwan.
The US government has agreed to provide Taiwan with a weapons system so advanced that it can disrupt the balance of power in the region. But what pilot would be crazy enough to run…
The Duke's Christmas Redemption
A Duke who has rejected love, a Lady who dreams of a love match, an arranged marriage, a house full of secrets, a most unneighborly neighbor, a plot to destroy reputations, an unexpected love that redeems it all.
Lady Charlotte Wyndham, given in an arranged marriage to a man she…