This is a book that will scare the pants off anyone who has carefully built his retirement spreadsheet using classic assumptions. The author is the creator of "The retirement calculator from hell" (http://www.efficientfrontier.com/ef/998/hell.htm) and TRCFH Part II (http://www.efficientfrontier.com/ef/101/hell101.htm) which dramatically and painfully illustrate what the ups and downs of the market can do to a carefully-planned retirement nest egg. This short, readable book introduces asset allocation, extols its virtues to the small investor, and offers guidance for further study. http://www.efficientfrontier.com/BOOK/title.shtmlI've long felt that asset allocation was just a way to assure mediocre performance, but in retrospect, I would have been very happy with mediocre performance over the last year.
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