If You Can: How Millennials Can Get Rich Slowly

Key Concepts and Strategies

In «If You Can», William Bernstein, with the grace of a seasoned storyteller, unfolds a map of the financial journey before the reader, where every path leads to wisdom and inner freedom. The author invites young investors to see long-term investing as an art of patience and discipline, where simplicity and common sense are the main tools. Bernstein masterfully outlines five fundamental obstacles on the road to financial independence—ignorance, greed, fear, distrust, and social pressure—and offers elegant ways to overcome them. Through historical examples and personal observations, he convinces readers of the power of index funds, emphasizing the importance of diversification, minimizing costs, and standing firm against market temptations. The book becomes a kind of guide, where the «buy and hold» strategy is not just advice but a philosophy of life, and financial literacy is the key to peace of mind and confidence in the future.