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Author: activeREinvestor Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Re: Four Pillars of Investing Date: 1/7/2005 11:45 PM
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The book is worth reading.

One problem I see is that he does not even consider what I consider to be the most important part of a portfolio--individually owned real estate. Not REITs, but houses, apartments and commercial properties.

As far as deciding that an individual can outsmart the market as a whole in risk analysis, you can play that game, and you will always be able to find a few very successful individuals who have done it and won. OTOH, I bet I can find enough lottery winners to make a compelling case that for these people, the smartest "investment" they ever made was that lotto ticket.



Three great observations!

John
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