Wednesday, August 16, 2017

Popular Books on Investing

Had time to kill the other day. Dropped by Barnes & Noble to check out new books for investors.  As always there was a fresh crop of informational guides, but the two featured volumes were venerable classics: the latest revised editions of Benjamin Graham's The Intelligent Investor and Andrew Tobias's The Only Investment Guide You'll Ever Need.



https://www.barnesandnoble.com/w/only-investment-guide-youll-ever-need-andrew-tobias/1100303275?ean=9780544781931Graham's masterwork, which advises us to buy stocks offering a margin of safety, also ranks third at the moment on Amazon's list of best-sellers on investing.

Amazon's number one, interestingly, deals with psychology rather than p/e ratios. In Mindset, the New Psychology of Success, Carol W. Dweck argues that some people have fixed mindsets while luckier people have growth mindsets. The fixed mindsets fear failure. The growth mindsets see failure as a learning experience.

Is your fund lagging its benchmark? Cheer up. You're not failing, you're getting educated.

2 comments:

Jim Gust said...

LOL!!!

Jim Gust said...

Or should it be ROTFLMAO?

I'm going to try to use your astute observation someplace.