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4.07 AVERAGE
4.07 AVERAGE
Bom livro para quem se está a iniciar na área.
Dá uma boa perspectiva do que deverá ser o controle emocional de um investidor e das armadilhas as quais deve estar atento. Ou seja, acaba por ser um bom conselheiro psicológico.
Peca claramente por ser muito filosófico (teórico) pouco prático, ficamos sem saber como aplicar o que é falado a nível prático. Além disto é bastante repetitivo falando dos mesmos assuntos várias vezes ao longo do livro, muitas delas até da mesma forma.
Dá uma boa perspectiva do que deverá ser o controle emocional de um investidor e das armadilhas as quais deve estar atento. Ou seja, acaba por ser um bom conselheiro psicológico.
Peca claramente por ser muito filosófico (teórico) pouco prático, ficamos sem saber como aplicar o que é falado a nível prático. Além disto é bastante repetitivo falando dos mesmos assuntos várias vezes ao longo do livro, muitas delas até da mesma forma.
Why I think you should read this book:
- Howard Mark wrote the best advice on risk management
- He laid the blocks of value investing perfectly, making it's an intellectual practice, rather than easy peasy win. Where's the fun in that.
- he also reminded readers few important pointers what makes all worth it such as must be rigorous and disciplined (like my Ashtanga practice) and try to eliminate the fear of looking wrong. Ego can kill us.
His writing style is more of coaxing readers to think, rather than give straight answers. I prefer this way as investing is an art and it should be a thoughtful process. In a way, he's coaxing us to contemplate more and try to think more of the unthinkable.
Anyway, I might be biased because I have a soft spot for distressed assets investment.
My good friend Iqmal recommended this book.
- Howard Mark wrote the best advice on risk management
- He laid the blocks of value investing perfectly, making it's an intellectual practice, rather than easy peasy win. Where's the fun in that.
- he also reminded readers few important pointers what makes all worth it such as must be rigorous and disciplined (like my Ashtanga practice) and try to eliminate the fear of looking wrong. Ego can kill us.
His writing style is more of coaxing readers to think, rather than give straight answers. I prefer this way as investing is an art and it should be a thoughtful process. In a way, he's coaxing us to contemplate more and try to think more of the unthinkable.
Anyway, I might be biased because I have a soft spot for distressed assets investment.
My good friend Iqmal recommended this book.
A lot of valuable idea, but I expected more. Felt like a number of points was repeated frequently, but some key issues were missed...
medium-paced
I ended up with the "illuminated" version which I don't recommend. The extra "insights" are just plain annoying.
Take those out though and this was good, clear, entertaining writing on investing.
Take those out though and this was good, clear, entertaining writing on investing.
This book effectively cuts through the clutter, complexity and hubris of the financial world to get to The Most Important Thing when investing: Common Sense.
This is not a manual on investing but an anthology of Howard Marks client memos with commentary on the same (though he does pepper his elegant prose with some actionable tips).
At its heart, this book is genuine, insightful and philosophical: all rare qualities in a book about money and investment.
This is not a manual on investing but an anthology of Howard Marks client memos with commentary on the same (though he does pepper his elegant prose with some actionable tips).
At its heart, this book is genuine, insightful and philosophical: all rare qualities in a book about money and investment.