William J. Bernstein out with new book on retirement investing

Here’s how the advice from his 2002 book fared: The MPT portfolio from my annual “Real Life Retiree Investment Returns” is based on Bernstein’s advice. If you followed Warren Buffett instead of Bernstein, you’d have 3 times as much money today. It’s a lot easier to cope with adverse market conditions if you have way more money than you need.