Panic-Proof Investing: Lessons in Profitable Investing from a Market Wizard

by Thomas F. Basso

"...concise, easy-to-read, and filled with solid advice. An eveningspent reading Panic-Proof Investing could prove to be one of thebest investments the novice investor can make."
--Jack Schwager, author, The New Market Wizards

Featured in Jack Schwager's bestselling The New MarketWizards, Tom Basso is one of the most popular and most quotedprofessional traders in the world. In a book rich with wit, wisdom,and a wealth of practical advice, Tom Basso, a.k.a. "Mr. Serenity,"tells you how to center yourself for smart, balanced investmentchoices. Taking aim at internal roadblocks to success, Tom clearlyshows why the sine qua non of being a successful investor is to"know thyself." Writing in a jargon-free, down-to-earth style, heprepares you for the investment process with tips on how to stayfocused; how to avoid and cope with common frustrations; and how toavoid psychological pitfalls that lead to poor decision-making anddisappointing returns.
* Witty, familiar, easy-to-read, and peppered with livelycartoons and illustrations
* Packed with real-life case studies and telling parables inwhich you'll recognize your own and your friends' experiences
* Features a handy "Panic-Proof Investor Checklist" that sums upthe most important points covered in the book

176 pages, Paperback

First published October 20, 1994

Reviews

[Matt Richardson · Rating 5 out of 5]

Timeless Advice From One of the Greats

All investors should read this book to understand the many ways that they can go wrong in investing. Advisors should read it too so that they can help investors who may fall prey to these risks.

I particularly appreciate Basso’s delineation of the detached state of mind when investing, which helps an investor avoid getting caught up too much in short term performance.

At the same time, accomplishing a detached perspective is not always easy. Many of us are more emotional than that. For those people, myself included, I advise acknowledging emotions and getting a bit of distance on them, as well as trying to see them as information. Often times, emotions can be excellent information to help an investor because the emotion will lead us astray if taken it face value. This is another way of avoiding an emotionally charged state in which good decisions are not made.

[Amit Rupani]

MM

[Ieva Opmane · Rating 5 out of 5]

Svarīgi rūpīgi apsvērt darījumu, nevis domāt, cik forši būtu, ja tas izdotos.

[Andrew · Rating 4 out of 5]

A concise, very readable book on investment principles, with a focus on the psychological aspect. I liked the way it covered less common issues, like overanalysis and staying the course.

[Javier Villar · Rating 4 out of 5]

A guide on personal responsibility. Reading Tom Basso is always worthwhile.