In less than a hundred pages, and drawing upon Charles's more than fifty-five years of experience in financial markets, Charles shows how to integrate four key macro investing concepts into a general theory of portfolio construction.
A couple of months ago, Charles Gave published his latest book in French, entitled Cessez de vous faire avoir. The book has been Charles’s best selling yet, sitting atop the bestseller lists of Amazon.fr, Fnac and other major retailers. Since then, a number of clients have asked us whether an English version of the book would be made available. Charles and I thus hunkered down and translated the book; a book we present to you today.
The book’s starting point is that the aim of every investor is to maximize returns for a given level of risk. Some look to achieve this seemingly simple goal through individual stock selection. This takes both skills and time. Others look to achieve this through tactical asset allocation. This takes intestinal fortitude and discipline. In this book, Charles argues for a third path: efficient, yet simple, portfolio construction.
In less than a hundred pages, and drawing upon his more than fifty-five years of experience in financial markets, Charles shows how to integrate four key macro investing concepts into a general theory of portfolio construction.
The book is a quick read—so much so that even my short-attention-span teens managed to get through it.