Risk and Reward - by Ben Carlson (Paperback)

About the Book

Ben Carlson, one of the best finance writers of his generation, describes the very worst that can go wrong in investing--and why long-term investing still works.

Book Synopsis

Let me tell you the secret to investing.

There is no secret.

When investing your hard-earned money, risk and reward are inescapably intertwined. And there are no shortcuts. Getting rich overnight is a pipedream.

Ben Carlson constructs this book to play Devil's Advocate on the entire premise of long-term investing. He takes a wrecking ball to his own investment philosophy to truly examine the good, the bad and the ugly.

Carlson contextualises the risks of long-term investing by analysing key moments in our financial history like the Great Depression and its aftermath in the 1930s, to the Japanese financial bubble of the 1980s, to the bursting of the dot-com bubble in the 2000s. From this, it becomes apparent that long-term investing is not without risks, but the rewards might just be worth it.

By the end of this book, you will have a better grasp of the biggest risks in investing and how to protect yourself against them so you can survive the short-term, and thrive in the long-term.

About the Author

Ben Carlson, CFA is the Director of Institutional Asset Management at Ritholtz Wealth Management and advocates long-term investment strategies. He is the author of four previous books as well as the creator of the blog "A Wealth of Common Sense" which breaks down wealth management and financial markets. Ben is also the co-host of the popular "Animal Spirits" podcast which has previously been named in Fortune's Best Business Podcasts.