In spite of the title, this book starts by telling you the majority of your investments should be in a low cost diversified portfolio. Pay attention when it makes clear alternative investments are small amounts to reduce portfolio volatility.
Fortunately the book is old enough you can check the 10 years of real performance of their recommended alternative investments. The vast majority of the alternative funds performed poorly and many have been closed. The symbols are no longer valid. This really proves their recommendation to focus on core holdings and not risk much on alternatives.
Buy a used copy and read for education on alternative investments.
Little Book of Alternative Investments Audible Audiobook – Unabridged
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©2011 Ben Stein, Phil DeMuth (P)2011 Gildan Media Corp
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|Listening Length||5 hours and 38 minutes|
|Author||Ben Stein, Phil DeMuth|
|Whispersync for Voice||Ready|
|Audible.com Release Date||May 12, 2011|
|Publisher||Gildan Media, LLC|
|Best Sellers Rank||
#216,119 in Audible Books & Originals (See Top 100 in Audible Books & Originals)
#1,838 in Investing & Trading
#2,200 in Personal Finance (Audible Books & Originals)
#3,973 in Introduction to Investing
4.1 out of 5
45 global ratings
Top reviews from the United States
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Reviewed in the United States on May 19, 2019
One person found this helpful
Reviewed in the United States on January 9, 2015
I found this book to be mostly collection of pretty common advice. The unusual part about hedge funds merely said that lots of people are making money this way, so you should have some. There was nothing about evaluating funds. In 2014 many hedge funds went under. I gave it away.
6 people found this helpful
Reviewed in the United States on February 1, 2014
This book gives a good explanation for allocating investments, like a 401k, based on total risk, rather than just on rule-of-thumb stock to bond ratios. In depth but easy to understand description of hedge funds which are not correlated to the stock market which will take out some of the volatility of your investments. Explains why you should avoid managed funds with high expense rations but underperform the market.
3 people found this helpful
Reviewed in the United States on August 6, 2011
Without being a dry academic tome, this book clearly explains the role of alternative investments in an investment portfolio. It explains what works, and why, and how much you need -- as well as explaining what does NOT work. It explains how hedge funds work, and the explanation is clear enough that a lay person can understand. It even suggests a few specific securities to consider as "starting points" (not recommendations) in your search. The authors attempted to be humorous (a good thing), but were a little too folksy for my personal taste.
5 people found this helpful
Reviewed in the United States on March 22, 2011
This is a fun, intelligent introduction into the world of alternative investing. Reading their books never feels like work, but I always learn a lot. The authors are world class debunkers and in the world of alternative investments, they have found much to debunk. Their ideas will almost certainly save their readers from losing a lot of money and just might help them make a bit too. The Little Book of Alternative Investments: Reaping Rewards by Daring to be Different (Little Books. Big Profits)
14 people found this helpful