How to harness the power of modern financial markets to enable an investor to build a globally diversified portfolio? This is the focus of this book by Meb Faber, a renowned investor and fund manager.

The book begins with an overview of the historical performance of popular assets like stocks, bonds, and cash. The author examines the impact of inflation on money and then shows how diversification through a mix of assets, using a simple mix of stocks and bonds as an example, can mitigate the extreme drawdowns of risky asset classes. Faber does not stop at a portfolio of stocks and bonds, but goes further and examines the possibilities of a more global allocation with including assets such as real estate.

The book tracks 13 types of assets and their returns since 1973, with a particular focus on well-known investment portfolios such as Ray Dalio's All-Season Portfolio, endowment fund portfolios, Warren Buffett's portfolio.