Blind Faith takes head on the unquestioned financial dogma of modern times: that stocks are the best long-term investment you will ever make. But, as Ed Winslow ably reveals, the way we’ve been counseled to "play the market" amounts to little more than gambling, not investing. The time-honored means for controlling risk: asset allocation, diversification and having a long-term time horizon are inadequate. Blind Faith offers a new and easily understood means of investment risk management that will cause investment professionals to reexamine the underlying assumptions and foundation of Modern Portfolio Theory.
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