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Ian Robertson

(TOP 50 REVIEWER)
 
Top Reviewer Ranking: 47
Helpful votes received on reviews: 95% (284 of 298)
Location: West Vancouver, Canada

Interests
Economic history; Financial history; Behavioural Finance; Wall Street; Literature.

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Top Reviewer Ranking: 47 - Total Helpful Votes: 284 of 298
Flash Boys: A Wall Street Revolt by Michael Lewis
27 of 28 people found the following review helpful
In his first book, Liar's Poker, Michael Lewis sketched colourful and entertaining characters to show us the excesses of a Wall Street titan - Salomon Brothers - at the peak of its game. Later, in The Big Short, he used his considerable storytelling abilities and yet more colourful and entertaining characters to help explain the financial collapse of 2007. With his latest book, Flash Boys: A Wall Street Revolt, Lewis again weaves a compelling story with still more wonderful characters, but rather than chronicling a market excess or explaining post hoc a financial crisis, this… Read more
Deep Risk: How History Informs Portfolio Design (I&hellip by William J Bernstein
1 of 1 people found the following review helpful
This is the third installment in Bernstein's series of monographs for experienced investors. Looking back at a century of economic and financial data, Bernstein identifies four deep risks: inflation, deflation, confiscation, and devastation. These risks are different from the shorter term volatility of markets; they are the unlikely risks that traditional investors and ordinary folk will not recover from. In particular, he feels the Weimar Republic's hyperinflation is instructive - recall the images of German citizens hauling wheelbarrows of currency in order to buy bread - and the most relevant to today's potential inflationary pressures. Bernstein dedicates most of his effort to this… Read more
Skating Where the Puck Was: The Correlation Game i&hellip by William J Bernstein
The second monograph in Bernstein's series of for experienced investors takes its title from Wayne Gretzky, who took his father's advice to "skate where the puck's going, not where it's been" to become the greatest hockey player of all time. Very few have been able to follow the same advice to investment success - Sir John Templeton and Yale's David Swensen are two examples - and sadly most end up skating to where the puck was, accepting market risk and market performance (less fees). The dual goals of market outperformance and lower risk are available in theory but not practice.

Bernstein explains why this is naturally so. Templeton with international investing and Swensen… Read more

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