<b>4. Reducing the Risk of Black Swans</b> Larry Swedroe & Kevin Grogan
"If someone told you that you could significantly reduce the percentage of your portfolio that is allocated to stocks and yet still earn a return comparable to a typical stock-heavy portfolio would you be interested? If so, you want to read this book. It's a guide to using an "evidence-based" investment philosophy to create effective, efficient, globally diversified, low cost portfolios. The secret sauce involves harvesting the power of key return factors on the equity side (small, value, profitability, and emerging markets) with a focus on paring down credit and interest rate risk on the fixed income side so that bonds provide a true volatility buffer to equities enabling an investor to stay the course." - Manisha Thakor, RIA, founder/CEO at Money Zen Wealth Management.
Find it here.