Protect assets during times of crisis with this new edition of the New York Times bestseller!
When the first edition of this book appeared it was before the economic crash. This new edition shows how David Darst's particular kind of asset allocation helped his investors during that volatile period. It also contains a discussion of downside and risk tolerance and new self-tests for determining your risk tolerance. And, finally, it reveals how the asset allocation model has changed since 2008. In all of these areas, the author will continue to include new insightful anecdotes like those that peppered the first edition.
David Darst reveals how to use asset allocation to increase your portfolio that tap into the investment strategies of the wealthy.
Show moreProtect assets during times of crisis with this new edition of the New York Times bestseller!
When the first edition of this book appeared it was before the economic crash. This new edition shows how David Darst's particular kind of asset allocation helped his investors during that volatile period. It also contains a discussion of downside and risk tolerance and new self-tests for determining your risk tolerance. And, finally, it reveals how the asset allocation model has changed since 2008. In all of these areas, the author will continue to include new insightful anecdotes like those that peppered the first edition.
David Darst reveals how to use asset allocation to increase your portfolio that tap into the investment strategies of the wealthy.
Show moreForeword xiii
Introduction xix
Chapter One What Happened?? What Happened!! 1
Chapter Two We All Do It (Even if We Don’t Realize It) 15
Chapter Three Everyone Needs an Uncle Frank 33
Chapter Four Building Your House 39
Chapter Five Parts of the Whole—Combining Dreams into a Plan 55
Chapter Six Two Strategies to Win the Battle for Investment Survival 75
Chapter Seven Do You Know Where You Are Going? 91
Chapter Eight Mix, Don’t Match 105
Chapter Nine Our Minds, Our Selves 119
Chapter Ten The Jockey Matters as Much as the Horse 133
Chapter Eleven Riding Out Storms 149
Chapter Twelve Build Your House on These Rocks 161
Chapter Thirteen Count to Zen 175
Chapter Fourteen Seven Quick Ways to Ruin 185
Chapter Fifteen The Road Less Traveled That You Should Take Right Now 195
Who Are You? (Determining Your Investment Profile) 209
What Do You Think? (Determining Your Investment Outlook) 211
What Works for You? (Determining Your Investment Selection) 213
Don’t Take My Word for It 215
Acknowledgments 225
DAVID M. DARST is a Managing Director at Morgan Stanley. He serves as Chief Investment Strategist of the firm's Global Wealth Management Group and is the Chairman of the Asset Allocation Committee. Darst is also the founding president of the Morgan Stanley Investment Group. Prior to joining Morgan Stanley in 1996, he was with Goldman Sachs for over twenty years, where he served as a senior executive in the Equities Division. Darst is often quoted in the New York Times, Wall Street Journal, and Financial Times, among others. He is also a frequent guest on CNBC, Bloomberg, and Fox News. He earned his MBA from Harvard Business School and received a BA in economics from Yale University. Darst is a CFA charterholder.
"The Little Book That Still Saves Your Assets presents a necessary introduction to managing personal investments that would be beneficial to anyone in the financial services industry... Everyone who invests money now or ever intends to would benefit from Darst's worthwhile introduction to the most fundamental principle of investing."-- ABA Banking Journal
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