Book review: High returns from Low risk

Learning points from this book:

• In the long-run (the author used data of US traded stocks over 86 years), low-volatility stocks are shown to give a higher return.
• Comparing portfolios of varying volatility - as volatility increased from 13% to about 20%, compounded return increased. As the volatility increased further beyond 25%, compounded return declined.
• How to select the right low-volatility stocks? Look at
• Beta less than 1
• the stock's income yield and
• momentum (price trend)
• People who underreact to news when it comes in gradually run the risk of being 'boiled' (boiling frog syndrome).
• The selection of low-volatility stocks can be applied to other investment vehicles as well e.g bonds. 
• Hold if the above three points still hold true while reviewing your portfolio.

***

A fairly simple to read book, with simple concepts and no 'cheem' investment theories. The back chapters talked about some zen which I fell asleep reading.