A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment...
A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan (Bloomberg) Hardcover – June 22, 2015
- Series: Bloomberg
- Hardcover: 224 pages
- Publisher: Bloomberg Press; 1 edition (June 22, 2015)
- Language: English
- Product Dimensions: 6.3 x 0.9 x 9.3 inches
- Shipping Weight: 1 pounds
A Wealth of Common Sense sheds a refreshing light oninvesting, and shows you how a simplicity-based framework can leadto better investment decisions. The financial market is a complexsystem, but that doesn't mean it requires a complex strategy; infact, this false premise is the driving force behind manyinvestors' market "mistakes." Information is important, butunderstanding and perspective are the keys to betterdecision-making. This book describes the proper way to view themarkets and your portfolio, and show you the simple strategies thatmake investing more profitable, less confusing, and lesstime-consuming. Without the burden of short-term performancebenchmarks, individual investors have the advantage of focusing onthe long view, and the freedom to construct the kind of portfoliothat will serve their investment goals best. This book proves howcomplex strategies essentially waste these advantages, and providesan alternative game plan for those ready to simplify.
Complexity is often used as a mechanism for talking investorsinto unnecessary purchases, when all most need is a deeperunderstanding of conventional options. This book explains whichissues you actually should pay attention to, and which ones aresimply used for an illusion of intelligence and control.
- Keep up with—or beat—professional moneymanagers
- Exploit stock market volatility to your utmost advantage
- Learn where advisors and consultants fit into smartstrategy
- Build a portfolio that makes sense for your particularsituation
You don't have to outsmart the market if you can simplyoutperform it. Cut through the confusion and noise and focus onwhat actually matters. A Wealth of Common Sense clears theair, and gives you the insight you need to become a smarter, moresuccessful investor.