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'The Missing Risk Premium': A Book That Will Change the Way You Think About Trading

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Eric G. Falkenstein argues that there is no risk premium and there never was, so conventional investing advice is deeply misguided.

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The Missing Risk Premium: Why Low Volatility Investing Works rates four stars on each of the following four scales:



There aren't many quadruple four-star books out there, which automatically makes this interesting. It's also a bargain, at $14.95. When I reviewed the author's first book, Finding Alpha: The Search for Alpha When Risk and Return Break Down, I complained about the $95 list price and suggested it should be $25 list to sell for $15 at Amazon. I don't know if he was paying attention, but if he was, he traded through my bid by a nickel. Unfortunately he didn't listen to my complaints about the copy editing and production values.
No positions in stocks mentioned.
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