Warren Buffett, Carl Icahn, and George Soros all started with nothing---and made billion-dollar fortunes solely by investing. But their investment strategies are so widely divergent, what could they possibly have in common?
As Mark Tier demonstrates in this insightful book, the secrets that made Buffet, Icahn, and Soros the world's three richest investors are the same mental habits and strategies they all practice religiously. However, these are mental habits and strategies that fly in the face of Wall Street's conventional mindset. For
-Buffett, Icahn, and Soros do not diversify. When they buy, they buy as much as they can.
-They're not focused on the profits they expect to make. Going in, they're not investing for the money at all.
-They don't believe that big profits involve big risks. In fact, they're far more focused on not losing money than making it.
-Wall Street research reports? They never read them. They're not interested in what other people think. Indeed, Buffett says he only reads analyst reports when he needs a laugh.
In The Winning Investment Habits of Warren Buffett & George Soros you can discover how the mental habits that guided your last investment decision stack up against those of Buffett, Icahn, and Soros. Then learn exactly how you can apply the wealth-building secrets of the world's richest investors to transform your own investment results.
it's an interesting exercise where they pick a rather conservative investor and a rather speculative investor, and they try to claim they are both interests in low-risk
Based on an extensive amount of research, the author identified 23 winning investment habits that are shared by ALL master investors, even as diverse as (conservative) Warren Buffett and (speculator) George Soros.
In the early chapters of the book, the author began by describing the 7 deadly investment sins, which would make 70% of the things we see or read in CNBC and Financial Times looks irrational. Then he writes in forensic detail each 23 winning investment habits, with an emphasis on psychological factors and the vital role of personalized investment system/strategy.
I instantly fell in love with this book as soon as I read the first few pages. And I strongly recommend it to anyone who wants to learn about investing/trading, or for those who simply love reading books on financial market.
This book is bible for me. This is the first book i have read about stock market and I feel lucky for that.
Why 99% retails investor fail in stock market? What makes average investor to smart investor? How we should behave in market? How to overcome greed and fear? different habit of smart investor from average investor?
Well this book give you a clear idea about why.
This book not give you any damn technical knowladge but will change your behavior towards markets. you will be more confidence and mentally strong.
This will not give you idea to make money but surly give idea not to loose money and stay for long term.
I would strongly recommend to all beginner because...
"Rich people invest in time, poor people invest in money"
I started reading this book as a way of knowing more about George Soros and Warren Buffet. But found that the book is very helpful in helping you clarify your investment strategy.
The author tries to synthesize “winning” investment habits into 23 easy sound bites. What’s interesting is he writes about Soros and Icahn who are totally different in style. However the bulk of the book is focused on Buffett. It’s not a bad book, but there are many other better investment books for fundamental investing - I can think of at least 4 other books that one can read instead. Overall an okay read but nothing spectacular.
The book summarized the investment philosophy of Buffett and Soros into 23 Winning Investment Habits. It also provided additional color about other investors and a number of book recommendations in various areas of investing. I liked how Mark Tier curated the frameworks as well as the actionable steps in adopting those frameworks. At the same time, the comparison between the Master Investor and Losing Investor drove home his points perfectly. Definitely a good book about investing and life!
1. Không tin vào các dự đoán. 2. Nguyên tắc đầu tiên : bảo toàn vốn, tránh rủi ro mức thấp nhất. 3. Xây dựng triết lý, tiêu chuẩn riêng cho mình, không đầu tư vào các cp không đáp ứng triết lý, tiêu chuẩn đó. 4. Không đa dạng hóa hạng mục đầu tư. 5. Khi đã tìm được hạng mục đầu tư đáp ứng triết lý, tiêu chuẩn, cần tin tưởng, không bỏ cuộc hoặc từ bỏ khi nó không còn đáp ứng tiêu chuẩn của mình.
This entire review has been hidden because of spoilers.
A book of habits for both investors and traders. This book doesn't teach you how to invest or trade, but rather prepares your state of mind and habits of been a successful traders or investors. As all season players know, the strategy is always simpler compared to the state of mind when you are heavily invested in the market
Best book among all the books I have read so far. Changed my view towards investment, Infact Changed myself. I think after reading it I am new person with a clear perspective. I wish I had read this book earlier,but better late than never.
Its been a while since I read this book, but I didnt have written a review.
For me it was amazing because it shows that the world of investments is simpler than we think it is. It is a world where wisdom pays out more than intelligence, and the author was happy to show it with this book.
As a beginner in the investment field, i chose this book so that i can make myself abreast of the way investors function. Had i been restricted to this kind of learning from this book, i would have been disappointed. This book is not just about investment, Its about people, and their personalities. It eloquently explains that the way people invest is a mere reflection of who they are. It is more about the kind of qualities you'll need to become a good investor rather than about the functioning and decisions of legendary investors. It surely is worth reading.
An excellent book for all investors. Clearly states the reasons why the author himself went from being a losing investor to a successful one. He applied these strategies himself and now others can too!
A surprisingly good read. A bit of everything kind of book. This book is mainly about the mental habits and deadly sins of investing. Nothing too fancy or revolutionary but i liked Mark's way of describing the habits of a 'master investor' and 'losing investor'.
I have read this book twice and still do not totally understand it. I am also confused about Soros’ idea of “free societies” and the some of his current political actions.
Loved it. It's a great introduction for someone new to trading/investing strategies. It provides a good basis for describing, and building your own systematic strategy.
This book gives a slightly brief overview of the habits of these two very sucessful investors. But as it does talk about quite a range of topics it lacks some depth in each idea.