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Wm. Bernstein: His first book, The Intelligent Asset Allocator. About the best index asset allocation book I have read. Rick Ferri and Larry Swedroe also wrote great books, but I thought Bernstein's first book was the best. Swedroe just published another book, but I have not yet seen it.

Charles

Ken M A lot had been invested for years, but became increasinlly aggresive as the bubble grew. Much as active investors moved more and more into high risk stocks or funds as the bull market progressed. When it finally blew up in their face most of their money had not been in the high risk sectors fr...

E. S

Most will probably never fully learn. Still diversivication does get a lot more print and air time now. Hope it will help some. It is a real shame when people retired and then lost as much as half of their retirements assets in the bubble. Or I should say when the bubble burst.

Charles

Petey You are right. People should have known. I was just commenting on human nature. Bernstein, Larry Swedrow, Charles Ellis and many others wrote about this. They were regarded as old fogies. This was the new economy. But they were right. What happened usually happens at the top of bull markets. I...

A 50-50 stock-bond allocation in broad based funds would have made the last 3 years a moderate if long downturn. At the present time such a portfolio would have regained all of its bear market losses. But after the long bull market too many people had gone too heavy into stocks. Maybe they should ha...