Reducing the Risk of Black Swans

By Larry Swedroe, Kevin Grogan,

Book cover of Reducing the Risk of Black Swans: Using the Science of Investing to Capture Returns with Less Volatility

Book description

In their expanded and updated 2018 edition of “Reducing the Risk of Black Swans: Using the Science of Investing to Capture Returns with Less Volatility,” Larry Swedroe, author of the bestselling "The Only Guide" series of investment books, and Kevin Grogan, co-author of "The Only Guide You'll Ever Need for…

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Why read it?

1 author picked Reducing the Risk of Black Swans as one of their favorite books. Why do they recommend it?

Personal financial planning has to include investing. With investing comes risk. There are many books on investing. There are few on how to approach investing. Although a short book, it succinctly covers how to think about stock returns, modern financial theory, building a portfolio with risk also in mind, and applying Monte Carlo.

This book combines risk with returns so that you can better target risk to your financial plans. Having a long term, which means the rest of your life, view helps you understand everything has cycles. Using cycles of different investments in a portfolio construct, rather than viewing…

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