“If you have been interested in understanding how balanced risk asset allocation works, you will want to pick up this clearly written and informative book.”

—Dr. Vineer Bhansali, Managing Director, Portfolio Manager and head of Quantitative Investment Portfolios, PIMCO, and author of Tail Risk Hedging as well as three other financial books

“Alex Shahidi has written a book which, while easy enough for the general investor, offers some deep insights which too many professional investors overlook. Stocks and bonds do not comprise a diversified portfolio; inflation can savage both. What we would call a “third pillar,” a diversifying bulwark against inflation, is a necessary part of any sensible portfolio, especially in today's low-yield environment. Historical returns, risks, correlations, and quantitative tools for manipulating these same data, offer a very poor guide for the future. Past is not prologue.”

—Rob Arnott, Chairman, Research Affiliates

“Alex is a humble, intelligent, thoughtful and passionate investor advocate.”

—Fran Kinniry, CFA, Principal, Senior Investment Strategist, Vanguard