Title: A disappointing book...
Product review: I borrowed the book from my library (fortunately I didn't buyit) with great expectations. What I found it to be was a 300+page infomercial for Academic Finance. Bernstein is notmerely a cheerleader of Modern Academic Finance, but a Worshipper.His gods are messrs Markowitz, Sharpe et al. I returned the bookafter reading about 1/2 of it.The book is disappointing on several fronts :- It is completely biased in its treatment.- There is no mention of Behavioral Finance. Bernstein does noteven acknowledge the role psychology plays in the markets. Forthe gods and disciples of modern academic finance, the marketis always efficient. Which we know (by now) is pure Bunk.- There is nothing in the book about Ben Graham (and his studentsand followers), people who revolutionized the investing worldat least as much as the ivory tower theorists.Readers hoping to learn something useful from the book will besorely disappointed.
Would you say this review depicts the product in a flattering or unflattering light?
