OP, a few comments on posts here:
Bernstein, particularly in his early books, ranges between difficult and totally opaque. In the preface to "
Rational Expectations" (2004) he says:
"The Intelligent Asset Allocator" ... math and quantitative exposition made it accessible only two classes of readers: finance professionals and scientists/engineers. ... I attempted to remedy that mistake with "Four Pillars of Investing" [but] my friends complained that the math still made their stomachs hurt. ... "
So, caveat emptor -- look for his later books as your knowledge increases. I do like "
If You Can" and almost put it on my list, though I warn people that Bernstein is maybe a bit over the top in his insults to the investment industry.
Agree in concept, though I am not familiar with that book. "
The Coffeehouse Investor" somewhat fills that important lifestyle need, though, and even includes a recipe for pumpkin pie (!). Collins "
The Simple Path to Wealth" recommended here also takes a crack at this. I did not included it on my list because I think his strategy of saving 50% of income is likely to be off-putting to people. But it's a good book.
I have this book on the reading list for my Adult-Ed investment class because it seems to be popular. My note says, though: "
A quick tour of almost everything you could do, almost none of which you should be doing." YMMV, of course.
