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I was looking for a book that would help me decide how to allocate my retirement portfolio. I have read several financial books over the years. I thought this current book would be just the ticket. Unfortunately, I found it WAY too technical and at the end of the day, there was virtually nothing in here to provide practical guidance on asset allocation. For what it's worth, I have a technical MBA and spent several years in finance at a leading corporation. I will have to say this book appears well researched, but it is beyond the reach of most laypersons and provides little help in determining one's asset allocation.
I ordered "Beyond Diversification" with great anticipation. Having been an investor all my life I was looking for some exceptional insite on diversifying portfolios. Big Mistake. After three different attempts to read the book I gave up. It is much too obtuse, complicated for anyone but that most academic professionals. I had made the Big Mistake of buying it..Page also made a Big Mistake at the begninning of the book. He immediately talks about CAPM (capital asset pricing model) but he never tells you what it is. Nowhere in the book could I find an explanantion/definition of CAPM. I thought "this is not a good sign for the rest of the book", and I was right. It appears the book was written by an academic for academics. I tried to wade through the rest of the book but eventually gave up. I may try it again at some point but for now it's neatly tucked away on the back shelf.
This might be a good book if you attended the Harvard Business School. To a normal investor this is way to technical of information. I never understood anything this gentleman was writing about. Worst financial book I have ever read and I go back to the Peter Lynch days.