I do know, I do know, I’m torturing you with book stuff. It will run its course over the following few weeks and months…
There are many opinions trickling in, and I wish to share one from somebody you is probably not aware of: John Tamny of Actual Clear Markets.
“From the introduction proper on via the ultimate web page, Ritholtz is evident that his e-book “is designed to cut back errors – your errors – with cash.” The latter is essential precisely on account of Ritholtz’s empirically right view that one needn’t be a terrific or market-beating investor to have a contented retirement as a lot as one should keep away from the errors that sap the genius of compound returns. Sluggish and regular wins the race, or one thing like that.
What’s enjoyable is that whereas Ritholtz is preaching a really conservative investing fashion, his personal fashion of writing and speaking concepts is something however. Put one other manner, Ritholtz is enjoyable.
Plainly a fan of flicks, music and books, Ritholtz makes a robust case towards particular person inventory portfolio constructing through the basic William Goldman line about Hollywood: “nobody is aware of something.” However somewhat than solely quote Goldman and Goldman’s personal expertise as a screenwriter to make a case about an opaque enterprise future, Ritholtz expands on how Goldman got here to conclude “nobody is aware of something” with all kinds of vigorous anecdotes present in his personal studying. It seems all however one studio handed on Raiders of the Misplaced Ark, Columbia Photos selected to make Starman as a substitute of E.T. whereas passing on Again to the Future altogether, and 20th Century Fox allowed George Lucas to take a 70% wage reduce forward of creating a little bit movie referred to as Star Wars in return for “merchandize and sequel rights” to the franchise…”
Try all the overview to get a full sense of the e-book…
Supply:
Book Review: Barry Ritholtz’s Excellent ‘How Not to Invest’
By John Tamny
Actual Clear Markets, March 20, 2025
