The Little Book of Alternative Investments book cover

The Little Book of Alternative Investments by Ben Stein & Phil DeMuth Summary

The Little Book of Alternative Investments
Ben Stein & Phil DeMuth
3.48 (172 Reviews)
Finance
Business
Economics
Overview
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Overview of The Little Book of Alternative Investments

Discover why traditional 60/40 portfolios are obsolete in "The Little Book of Alternative Investments." Praised by WealthTrack's Consuelo Mack as "not a dull page," Ben Stein and Phil DeMuth's guide became essential reading after the 2008 crash revealed the true power of diversification.

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Key takeaways

1

Beyond the Traditional: Rethinking Your Investment Landscape

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Imagine your investment portfolio as a long-term relationship. For decades, you've been faithfully committed to the traditional 60/40 stock and bond allocation-reliable but increasingly predictable. Meanwhile, the wealthy investors you read about seem to be having all the fun with exotic alternatives that promise both excitement and stability. Ben Stein and Phil DeMuth's "The Little Book of Alternative Investments" serves as your investment guide to options beyond your conventional portfolio. This Wall Street favorite demystifies the once-exclusive world of hedge funds, commodities, and other alternatives previously reserved for the ultra-wealthy. As markets have grown increasingly volatile in recent decades, this practical approach to diversification has never been more relevant.

2

The Illusion of Diversification

3

Building a Better Core Portfolio

4

The Collector's Trap: Beautiful Objects, Ugly Returns

5

Real Assets: The Foundation of Diversification

6

Hedge Fund Strategies for Everyday Investors

7

Your Alternative Investment Blueprint

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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

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@Erin, Investment Banking Associate , NYC
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"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."

@Matt, YC alum
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"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
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"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
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"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."

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