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William J. Bernstein

William J. Bernstein

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About the author

William J. Bernstein is a financial theorist and author who holds a PhD in chemistry and an MD and practiced neurology before retiring from medicine. His books on asset allocation include The Intelligent Asset Allocator and The Four Pillars of Investing, and A Splendid Exchange, his history of world trade, was shortlisted for the 2008 Financial Times and Goldman Sachs business book award. He received the CFA Institute's James Vertin Award in 2017.

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Cover of The Delusions of Crowds
The Delusions of Crowds William J. Bernstein
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