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Reviewed by Gisela Dixon for Readers' Favorite
The Other Path: Illuminating the Path toward Reduced Volatility while Achieving Equity-Type Returns by Bob Klosterman is a non-fiction book on the alternative investment path or non-traditional investing. The Other Path is a short but relevant book that takes the reader through a brief introduction about the scope of the book and then breaks down the concept into short chapters on investment strategy, and what this means in the context of non-traditional investing, namely: Core Investing, Diversifiers, and Absolute Returns. Each chapter then presents a short lesson on the fundamentals and successful implementation of these concepts to provide consistent growth and long-term financial security. There are various useful websites and links provided throughout as well as at the end of the book.
The Other Path: Illuminating the Path toward Reduced Volatility while Achieving Equity-Type Returns is a neat book that introduces the idea that simply doing what everyone else does in terms of investing, whether it is stocks, bonds, mutual funds, etc., is not necessarily the best strategy and instead encourages readers to think, analyze, and strategize independently. The ways and means to do this are presented well and the brevity of the book actually helps one to assimilate these concepts better than a longer book would have done. I especially liked the section of “Absolute Returns” and found it to be the most useful. Overall, this is a great read for investors and Bob’s easy, casual style makes this both an educational and interesting read.