Tuesday, March 19, 2013

The Big Win

I flew through this book by Stephen Weiss (2012) because it was an easy read...and because there wasn't really a whole lot to it, despite the driving premise.  The author, an investment manager himself, profiles a group of "successful" investors -- that term intentionally in quotes because I'm not so sure I agree with his assessment that all of the subjects are worth talking about.  Nevertheless, the characteristics and practices that are consistent in each are intellectual curiosity, a passion for research and the desire to learn everything they can about a potential investment (and by that, it includes a real understanding of the contrary view), an ability to take ego out of the investment process and to admit mistakes (with a subsequent effort to learn from those mistakes), and finally a real focus on risk management.  Otherwise, not much more to say here.

Broken Money

The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...