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Big Mistakes
The Best Investors and Their Worst Investments
Michael Batnick (Author)
9781119366553, Wiley
Hardback, published 27 July 2018
192 pages
23.1 x 15.8 x 2.5 cm, 0.363 kg
A Must-Read for Any Investor Looking to Maximize Their Chances of Success Big Mistakes: The Best Investors and Their Worst Investments explores the ways in which the biggest names have failed, and reveals the lessons learned that shaped more successful strategies going forward. Investing can be a rollercoaster of highs and lows, and the investors detailed here show just how low it can go; stories from Warren Buffet, Bill Ackman, Chris Sacca, Jack Bogle, Mark Twain, John Maynard Keynes, and many more illustrate the simple but overlooked concept that investing is really hard, whether you're managing a few thousand dollars or a few billion, failures and losses are part of the game. Much more than just anecdotal diversion, these stories set the basis for the book's critical focus: learning from mistakes. These investors all recovered from their missteps, and moved forward armed with a wealth of knowledge than can only come from experience. Lessons learned through failure carry a weight that no textbook can convey, and in the case of these legendary investors, informed a set of skills and strategy that propelled them to the top. Research-heavy and grounded in realism, this book is a must-read for any investor looking to maximize their chances of success. While learning from your mistakes is always a valuable experience, learning from the mistakes of others gives you the benefit of wisdom without the consequences of experience. Big Mistakes: The Best Investors and Their Worst Investments provides an incomparable, invaluable resource for investors of all stripes.
Preface ix CHAPTER 1 There Are No Iron-Clad Laws 1 CHAPTER 2 Manage Your Risk 13 CHAPTER 3 Don’t Get Attached 25 CHAPTER 4 Genius’s Limits 35 CHAPTER 5 Find What Works for You 45 CHAPTER 6 Stay in Your Lane 55 CHAPTER 7 You’re Not as Smart as YouThink 65 CHAPTER 8 Beware of Overconfidence 73 CHAPTER 9 Get Off Your Soapbox 85 CHAPTER 10 Hard Lessons Can Be Necessary 97 CHAPTER 11 The Risks of Concentrated Investing 107 CHAPTER 12 The Most Addictive Game 117 CHAPTER 13 You Only Need to Win Once 129 CHAPTER 14 Handling Big Losses 137 CHAPTER 15 Dealing with Regret 145 CHAPTER 16 Looking in the Mirror 155 About the Author 165 Index 167
Benjamin Graham
Jesse Livermore
Mark Twain
John Meriwether
Jack Bogle
Michael Steinhardt
Jerry Tsai
Warren Buffett
Bill Ackman
Stanley Druckenmiller
Sequoia
John Maynard Keynes
John Paulson
Charlie Munger
Chris Sacca
Michael Batnick
Subject Areas: Finance & accounting [KF]
