Ben Carlson has spent long years managing institutional portfolios for endowments, foundations and pension plans. He also runs the popular blog www.awealthofcommonsense.com. The blog is superb and this book has become a best-seller on Amazon. Carlson is the latest in the camp of investment practitioners who believe in keeping things simple and straight. The subtitle of the book is apt: ‘Why simplicity triumphs complexity in any investment plan’. As Carlson writes, “Conventional gives you much better return than exotic. Long-term process is more important than short-term outcomes. And perspective goes much further than tactics.” The most misunderstood part of investing is that while financial markets are “complex, emergent, adaptive systems,” as wonderfully explained in 20/20 Money by Michael Hanson (reviewed in Moneylife), to create wealth, you need to keep things simple and, indeed, stay away from complex strategies. 
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
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Thanks for informing about this book. Your insights into wealth creation are truly helpful to all the readers.
Just something interesting discussion for all Moneylife community.
Warren Buffett's not so well known dimension is his insurance business, which he, on more than one occasion, has pointed out as the core to his strategy.If not mistaken from 1970s. It's the insurance float which provides him interest free money to buy entire businesses & open up income streams to buy more businesses / listed stocks in future. The scale of insurance floats affords him to be content with very reasonable returns & insulates from vagaries of stock markets. Its becoming like a rolling ice ball. He hasn't become this wealthy just by investing in listed securities, although that was starting point. Presently they contribute not so significant portion of Berkshire Hathaway's portfolio.
Regards
Abhijit