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.
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.
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.
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.
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.