Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor
| Author | : | |
| Rating | : | 4.31 (975 Votes) |
| Asin | : | B01HILJYD2 |
| Format Type | : | |
| Number of Pages | : | 258 Pages |
| Publish Date | : | 2015-01-03 |
| Language | : | English |
DESCRIPTION:
Big Wave Dave said Good Book - Research Convinces You To Invest for the Long Term in Public Equities. A well researched and written book. Referencing many great investors from Peter Lynch to Warren Buffett. "A central tenet of this book is that it’s better in the long run to be smart than lucky." “If you take away only one lesson from Head I Win, Tails I Win, then, it’s that being smart is way more important than being lucky. Investing is a repeatable exercise and there’s no avoiding losing. "Trust me, read it" according to Financebookguy. This excellent guide for individual investors from Wall Street Journal investing columnist Spencer Jakab is a rarity. It's written in a way that even novices will grasp but it has plenty of nuggets that made this veteran say: "Gosh, I never thought about it that way." Oh, and it's really funny. How many investing books can say that? My favorite part - and I'll try not to ruin it - is when it uses the plot of "Back. Wish he wrote it 25 years ago RobRoy If only this book was published 25 years ago! Ranks with the elite investing books e.g. Peter Lynch classics for common investors. Powerful argument for index- and low cost diversified funds, torches market-timing, exposes human nature that curtails our returns … in witty, amusing prose, spiced with author’s personal experiences. Up to date with recent history such as Great Recession of 2008.Considere
He set out to evaluate the typical advice people get, from the clearly risky to the seemingly safe, to figure out where it all goes wrong and how they could do much better. But most Americans are expected to be part-time fund managers. Unless you're very handy, you probably don't know how to fix your own car or give a family member a decent haircut. Blending entertaining stories with some surprising research, Jakab explains: How a typical saver could have a retirement nest egg twice as large by being cheap and lazy Why investors who put their savings with a high-performing mutual fund manager end up worse off than if they'd picked one who has struggled The best way to cash