What I Just Read

We all have our part to play and our duty to perform. This is a beautiful novel about performing your duty with honor, even in the face of almost certain failure. Author Philip Chase has an unusual gift for telling a compelling story, and The Prophet of Edan works on two levels: on the individual level, with characters we care about and root for, and on the grand, civilizational level, where entire nations  hurl themselves at each other in a desperate war of survival. And the geopolitical dramas in Philip's world of Eormenlond are downright Kissingerian --with betrayal, realpolitik and honor, all in equal measure. Now, any story with a large cast and a lot of moving parts presents the author with a structural challenge: how do you help the reader keep everybody and everything straight, but yet do it in a way that's organic to the story? After all, this is the second part of a trilogy,  and a lot happened in Book I . So I'll share an example here of what this author does,...

In just under 200 pages, The Investor's Manifesto gives you everything you need to manage your investments: * A historically grounded discussion of the tradeoffs between risk and return, * How to design an investment portfolio using index funds, including advice on withdrawal rates and how (and how often) to rebalance, * A good discussion of human psychological biases (the author uses the wonderful phrase "investing psychopathology" to describe this topic), and * How to navigate the financial services industry without getting your head handed to you. Finally, there's a chapter that summarizes everything, followed by a solid reading list for continuing your investment education, broken down by topic: theory, history, psychology, and business. Anyone wanting to reach a reasonable competence level in investing should read at least one of William Bernstein's books. This one or The Four Pillars of Investing  will suffice. Since he's not a Wall Street guy--he's...