The Investor's Dilemma Decoded: Recognize Misinformation, Filter the Noise, and Reach Your Goals

Few aspects of life are as important as personal finance, as subject to your control, and as suffused with misinformation, noise, and confusion.

Now, authors Dr. Roger D. Silk and Katherine A. Silk cut through that confusion and share with you the fruits of their knowledge and experience developed over the last 43 years. After completing a Ph.D. at Stanford where he studied at the cutting edge of finance theory, Dr. Silk's experience includes managing billions of dollars at the World Bank and running a family office for one of the nation's wealthiest families. For the last 26 years as CEO of the nation's leading firm which advises high net worth individuals on financial and other aspects of their philanthropy, Dr. Silk has worked with countless individual investors and financial professionals. Katherine Silk, who holds a master's in history from Stanford, adds a valuable and often-missing historical perspective.

Their weekly blog, dealing in depth with a variety of financial, economic, and planning issues, is read by thousands.

Unlike many authors in the Personal Finance space, the Silks have the deep technical expertise (it's hard to get a graduate degree from Stanford without it), decades of experience, and the rare ability to express complex ideas in clear, easy-to-understand prose.

When Gary Taubes wrote The Case for Keto, he considered calling it "How to Think About How to Eat." Similarly, The Investor's Dilemma Decoded could be titled "How to Think about How to Invest." Investor's Dilemma gives you the tools that 99.9% of investors never master -- these tools allow you to understand how to think about almost any category of investment, and almost any investment product or program.

In addition, the authors take a deep dive into topics including

• What actually generates investment returns (it's probably not what you think)
• Is owning a home an investment (you'll learn why the answer is sometimes yes, and sometimes no)
• Should you own gold (clue: the largest gold holders in the world are central banks)
• What is a hedge, and are commodity funds an inflation hedge
• What many well-known investment personalities get wrong on about returns (they tell the truth, but it's the wrong truth)
• What risk is, and isn't, and why the "safe" course might be the riskiest (but the government says it's safe).
• How professional financial advisors can add huge value to their individual clients (it's not by picking the best stocks)

Should you read this book? If you want to understand how professionals think about investing, about what is realistic and unrealistic, and learn to spot the difference between a Bull Market and Bull-xxxx, the answer is yes.

生活中很少有像個人財務這樣重要的事情，它受到你的控制，並充斥著錯誤信息、噪音和混亂。現在，作者Roger D. Silk博士和Katherine A. Silk將穿透這種混亂，與你分享他們在過去43年中所積累的知識和經驗的成果。Silk博士在斯坦福大學完成博士學位，他在金融理論的前沿進行了研究，並在世界銀行管理數十億美元，並為全國最富有的家族之一的家族辦公室工作。在過去的26年中，作為全國領先的公司的首席執行官，該公司為高資產淨值個人提供財務和其他方面的慈善建議，Silk博士與無數個人投資者和金融專業人士合作。Katherine Silk在斯坦福大學獲得歷史碩士學位，為書籍增添了寶貴且常被忽視的歷史視角。

他們的每週博客深入探討各種財務、經濟和規劃問題，被成千上萬人閱讀。

與許多個人財務領域的作者不同，Silk夫婦具有深厚的技術專業知識（在斯坦福大學獲得研究生學位並不容易）、數十年的經驗，以及將複雜的思想以清晰易懂的文字表達的罕見能力。

當Gary Taubes寫下《The Case for Keto》時，他曾考慮將其命名為“如何思考如何進食”。同樣，《The Investor's Dilemma Decoded》也可以被稱為“如何思考如何投資”。《Investor's Dilemma》為你提供了99.9%的投資者從未掌握的工具-這些工具讓你了解如何思考幾乎任何投資類別，以及幾乎任何投資產品或計劃。

此外，作者深入探討了以下主題：
- 什麼實際上產生投資回報（可能不是你想像的那樣）
- 擁有房屋是否是一種投資（你將了解為什麼答案有時是肯定的，有時是否定的）
- 應該擁有黃金嗎（提示：世界上最大的黃金持有者是中央銀行）
- 什麼是對沖，商品基金是否是通脹對沖
- 許多著名投資人在回報方面犯了什麼錯誤（他們說的是真的，但是是錯誤的真相）
- 風險是什麼，不是什麼，為什麼“安全”的選擇可能是最冒險的（但政府說它是安全的）。
- 專業財務顧問如何為個人客戶創造巨大價值（不是通過挑選最好的股票）

你應該閱讀這本書嗎？如果你想了解專業人士如何思考投資，什麼是現實和不現實的，並學會分辨牛市和牛xxxx之間的區別，答案是肯定的。

ROGER D. SILK holds a Ph.D. in applied economics from Stanford. He has served as CEO of Sterling Foundation Management since 1998. Silk earned his CFA in 1990 and has been writing about personal finance since then. He writes the highly respected blog Sterling Insights, and is the author of Politicians Spend, We Pay, and Managing Foundations and Charitable Trusts.

KATHERINE A. SILK has an MA in history and BA in economics from Stanford. She was a management consultant prior to founding Strategic Startup Advisors. Silk is a frequent contributor to Sterling Insights blog.

ROGER D. SILK擁有斯坦福大學應用經濟學博士學位，自1998年以來一直擔任Sterling Foundation Management的首席執行官。Silk於1990年獲得CFA資格，並自那時起一直撰寫有關個人財務的文章。他撰寫了備受尊重的博客Sterling Insights，並是Politicians Spend, We Pay和Managing Foundations and Charitable Trusts的作者。

KATHERINE A. SILK擁有斯坦福大學歷史碩士學位和經濟學學士學位。在創辦Strategic Startup Advisors之前，她曾擔任管理顧問。Silk經常為Sterling Insights博客撰稿。