The Alternative Answer: The Nontraditional Investments That Drive the World's Best-Performing Portfolios

By Bob Rice

The first book to explain the new world of alternative investing strategies, showing how to use these new products for inflation-protected income, risk-adjusted growth, and long-term wealth transfer.


From the Publisher:

The Alternative Answer by Bob Rice is the first book to explain the new world of alternative investing strategies, showing how to use these new products for inflation-protected income, risk-adjusted growth, and long-term wealth transfer.

The Yale Endowment keeps only 6% of its investments in US stocks, but its portfolio has produced a 100% gain over the past decade. Indeed, the world's elite investors have long relied on alternative investments to produce their superior returns. Until now those options were the exclusive purview of institutions and the super wealthy, but today any informed investor can play the same game. A rainbow of investment options such as timber, startups, MLPs, hedged strategies, managed futures, infrastructure, cat bonds, peer-to-peer lending, farmland, and dozens of other non-traditional strategies can provide dramatically better gains, with less total risk, than the standard choices. In The Alternative Answer, Bob Rice, Bloomberg TV's Alternative Investment Editor, leads an entertaining and easy-to-understand tour of this world, and suggests specific alternative investments for all four key "jobs" of a portfolio: safely generating more current income; decreasing risks of economic shocks; significantly increasing long-term profits; and protecting purchasing power over time. Regardless of experience or net worth, readers will learn exactly what to do to substantially improve their investment performance--in the same way that the world's best investors already do. Stocks and bonds alone aren't nearly enough. Investors need an Alternative Answer, and now they have it.

Endorsements for The Alternative Answer.

“Bob Rice has delivered a concise and punchy description of the role of Alternatives in what many have characterized as the “endowment model.” The extent to which non-institutional investors, as well as some smaller institutional ones, can fruitfully adopt Alternatives into their investment thinking and practices will depend significantly in understanding the opportunities and pitfalls so well articulated by Rice. This should be a primary text for all investment managers to consider.”

Allan S. Bufferd
Treasurer Emeritus
M.I.T

“The Alternative Answer provides the reader, in a very conversational style, with an in-depth insight to the broad range of investments that constitute the amorphous category of alternatives. Mr. Rice’s work covers a number of very sophisticated topics in ways that cut through the jargon and complexity to give the reader the essence of the theory. The topics covered range from Modern Portfolio Theory to the statistical fallacies of normal curves to Behavioral Finance. The best part of the book, however, is that it provides a very practical ‘how to’ guide to alternative investment strategy execution. I recommend this book for any investor seeking a practical guide to improving overall portfolio performance. “

Verne O. Sedlacek
President & Chief Executive Officer
Commonfund

“Bob Rice's book handily unlocks the secretive world of alternatives and makes it accessible to the investor and advisor. But by opening the curtain, he throws down a real challenge to the managers of alternative strategies -- add value. They can't hide behind the complexity of "alternatives" any more. This book answers for investors, advisors and aspiring managers. Each should understand the perspective Rice offers.”

Charles Stucke
Chief Investment Officer
Guggenheim Investment Advisors, LLC

“Alternatives aren't alternative anymore; they've become an integral part of a successful investment strategy. Rice's clear, enjoyable, and jargon-free book tells you where to begin and how to understand and use alternatives in your own portfolio. A must read for today's investor.”

Jerry Webman
Chief Economist
Oppenheimer Funds
Author of Moneyshift

"The Alternative Answer is a must read for advisors and investors! Bob Rice provides an easy to understand review of the ever-changing alternative investment landscape. Bob demystifies the world of alternative investments, and offers his unique perspective on how to use and evaluate the various types of strategies and structures. The Alternative Answer is destined to become an instant classic.”

Anthony B. Davidow, CIMA
Vice President, Alternative Beta and Asset Allocation Strategist
Schwab Center for Financial Research

“This is no pie-in-the-sky guide to unearthing the next can’t-miss penny stock or the next path-breaking technology too secret to be named. Rice offers sophisticated, easily accessible advice for using alternative investments to build a portfolio that’s likely to generate solid gains in an age of anemic returns, yet still be resilient enough to weather a global financial crisis.”

Peter Passell
Senior Fellow
Milken Institute
Author of Where to Put Your Money Now

“Bob Rice has written the ultimate primer on alternative investments, a necessary component of any investment strategy regardless of sophistication or net worth.”

Stephen L. Weiss
Managing Partner
Short Hills Capital Partners, LLC
Author of Unhinged and The Big Win

“Rice has provided a great service and a timely educational tool for the most overlooked and under-served class of investors: average Americans. This book needed to be written and Rice’s timing is perfect.”

Guy Haselmann, CAIA
Director
Scotia Capital (USA) Inc

"Stocks have gone nowhere for thirteen years and bonds offer no yield. Investors sense there must be good alternatives, but don't know where to look. Help is on the way! Bob Rice has written a timely and invaluable guide to the world of alternative investing. The Alternative Answer presents a clear path through the minefield of alternatives so you can arrive safely in the promised land of higher returns without undue risk. This book is your first step on the road to increased income, wealth preservation and a more secure retirement."

James G. Rickards
Author of Currency Wars: The Making of the Next Global Crisis
a New York Times & National Bestseller

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About the Hardcover

Publisher HarperBusiness
Publish date 05/14/2013
Pages 270
Availability Available
ISBN-13 9780062257901
ISBN-10 0062257900
Language English

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