Outsmarting the Crowd A Value Investor Guide to Starting Building and Keeping a Family Fortune (Audible Audio Edition) Bogumil K Baranowski Books
Download As PDF : Outsmarting the Crowd A Value Investor Guide to Starting Building and Keeping a Family Fortune (Audible Audio Edition) Bogumil K Baranowski Books
We are wired to fail with money and investing.
Do you have $1 on you? Please reach for your wallet. Take out a one-dollar bill. Do you have it? Look at it, hold it up, put it in front of you.
Now imagine you save $1 each month (which few do). Imagine that your $1 earns seven percent annually on average over 30 years. At the end of the 30 years you will have almost $1,200.
Needless to say, if you put away $1,000 each month, you'd have almost $1.2 million in 30 years.
It's secondary if you are just starting your family fortune - or if you already have it and want to keep it and grow it.
If you do nothing with that dollar, inflation will eat away at its value. It will be worth less than two quarters in 25 years and less than a single quarter in 50 years and a nickel in 100 years.
Can you afford to do nothing? Do I have your attention?
Most books misinform, or intimidate, and often are not backed by real life experience.
This book is a one of a kind, comprehensive, straightforward, and easy to follow guide to investing. It's written by an experienced investor trained in the value investing, Buffett-Graham school of thought.
Like no other book, it covers both the intellectual and emotional discipline needed to be a successful investor. It provides the proper philosophy, shows the path, and emphasizes the principles required to keep and grow your wealth over a lifetime.
Outsmarting the Crowd A Value Investor Guide to Starting Building and Keeping a Family Fortune (Audible Audio Edition) Bogumil K Baranowski Books
If you have been looking for a good primer on Value Investing - this book answers the mail.The book is broken down by the authors “Three Pillars” of Value Investing:
PHILOSOPHY – how to think differently; be patient; and embrace failure
PATH – how to learn; simplify and focus; and earn, save, and invest
PRINCIPLES - stocks are businesses; moody Mr. Market; and Margin of Safety
The thing I liked most about this book - is that it has made me rethink my holding periods for individual stocks. I really appreciate any book that forces a review of my core investing processes - backed up by logic and good examples.
I don't agree with the author's view that Options should be avoided - especially when you want to buy Stocks via cash secured puts - but I take his point, most novices should keep it simple.
Highly recommended.
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Outsmarting the Crowd A Value Investor Guide to Starting Building and Keeping a Family Fortune (Audible Audio Edition) Bogumil K Baranowski Books Reviews
Outsmarting the Crowd is all the foundations of value investing condensed into an easy read. Spare yourself the time of reading multiple overly complex investing books and just read this. As an investor and finance professional, I recommend this book to everyone. It is a must-read for finance students and anyone looking to start or improve their investing. The author is basically teaching you the most important lessons from his career in the heart of the value investing arena - what an awesome find!
This new book by Bogumil is a wonderful book to read, especially for people new to value investing. The author works at a tier one value investing fund in NYC. One of the great benefits of the book is the references to all the other excellent books that the author has read over time and references. This is a great book to teach young people how to save money (financial literacy) as well as more high level on value investing. It is pretty similar to Guy Spier book since it has much more to do with philosophy of value investing and living wisely. I personally will recommend this book to all my mentees in college about to start their careers in buy-side and sell-side alike.
This is a book full of great and inspiring ideas. I actualy registered with one of the popular trade websites and had no idea what I was doing. Now I have some insight on how to think about the stock market. I listened to friends and family and lost more than I had gained. Now I have a new perspective on how to make money with my money. Thank you!
I read this book as an "Intermediate Personal Investor" - at least that is how I like to think of myself. I've done some things right - and I think I could do better at some others. What I loved about this book is that it helped me to see personal investing in terms of my own Philosophy, Path, and Principles (Bogumil's words) - and gave me some measure by which I could break them down and tell which were supporting me and which needed improvement. I found this book inspirational enough that I am actually following through with my own list of "Improvements". This is a book that I wish I would have read earlier in my "investment Education" - and will read again (and again) from time to time as I continue to grow. As an added bonus, the "Suggested Reading" that Bogumil provides in an appendix is a wonderful assortment of books from financial and other disciplines and is worth the purchase price all by itself. I have added many of them to my own personal reading list. Enjoy!
I have lost count of the investing books that I have read. Of all the books that I have read on investing this one is the best. The author has done his homework in the area of value investing. He does not have some magic formula or a complicated set of guidelines that would take a masters in finance to figure out. What he does have is clear and simple common sense instructions on how to invest for the long haul and keep your emotions in check. He has followed the best in the business and gives credit where it is due.
For me this was the book that switched on the light bulb and gave me the "aha moment". I suddenly knew where to put my money and leave it alone. Wish he had written this 25 years ago; it would have save me a lot of stress, misdirection and costly mistakes.
If you are looking for an uncommon sense introduction to sound investing I think this is a wonderful book.
Bogumil's "Outsmarting the Crowd", is a fantastic book! The best part of the book is when he talks about "thinking for yourself." Such a crucial step when it comes to investing! Great book and look forward to his next ones!
If you have been looking for a good primer on Value Investing - this book answers the mail.
The book is broken down by the authors “Three Pillars” of Value Investing
PHILOSOPHY – how to think differently; be patient; and embrace failure
PATH – how to learn; simplify and focus; and earn, save, and invest
PRINCIPLES - stocks are businesses; moody Mr. Market; and Margin of Safety
The thing I liked most about this book - is that it has made me rethink my holding periods for individual stocks. I really appreciate any book that forces a review of my core investing processes - backed up by logic and good examples.
I don't agree with the author's view that Options should be avoided - especially when you want to buy Stocks via cash secured puts - but I take his point, most novices should keep it simple.
Highly recommended.
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