A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan Hardcover – Jun 22 2015
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From the Inside Flap
Much of the financial advice available these days is so fraught with unnecessary complexity and industry jargon that many investors are either too confused or too intimidated to make wise investment decisions. So how can you approach your own portfolio and the financial markets more confidently? Financial specialist Ben Carlson shows you how. In A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan, Carlson explores those issues you should pay attention to, as opposed to those that are used as an illusion of intelligence and control.
Drawing from his career in portfolio management during which he worked with complex and sophisticated portfolio strategies, Carlson reveals the secret of using basic common sense as you invest in the financial markets, effortlessly bridging the gap between sophistication and simplicity. A Wealth of Common Sense helps all investors make more informed decisions using sound thinking as a guiding framework to help alleviate some of the lasting damage from the market crash.
This practical guide discusses:
- Why long-term thinking trumps short-term gains
- How to identify market and portfolio risk
- Which market myths are true and which you can ignore
- How to define yourself as an investor
- Why diversification matters
- How to build self-awareness in your own investing abilities
There is an assumption that complex systems such as financial markets must require complex investment strategies and organizations to succeed. This is a false premise that far too many both inside and outside of the industry have come to believe. You can adapt to the changing market and economic landscape. Filled with practical advice and in-depth insights, A Wealth of Common Sense shows you how with basic, sensible guidance for improving long-term investment results and making rational decisions in all market conditions.
From the Back Cover
A WEALTH OF COMMON SENSE
"The content of this book lives up to the title. Ben Carlson has mastered the art of exposing the few big topics that matter most to investors, leaving out the complicatedbut often unnecessarytopics found in other investment books. Any investor, from a beginner to a professional, can learn a tremendous amount from A Wealth of Common Sense."
Morgan Housel, columnist for The Motley Fool and the Wall Street Journal
"Through hard work Ben Carlson has rapidly established himself as one of the nation's premier investment bloggers. In his new book, A Wealth of Common Sense, Carlson cements his position as a prudent and practical voice for the individual investor."
Tadas Viskanta, founder and editor of Abnormal Returns and author of Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere
"Ben Carlson seemingly came out of nowhere and took the financial commentariat by storm with his straightforward, insightful blog posts. True investing wisdomborn out of experience and successcannot be faked; it must be earned. This is precisely the type of wisdom that comes oozing out of every chapter in A Wealth Of Common Sense."
Downtown Josh Brown, author of the bestselling book Backstage Wall Street and The Reformed Broker blog, star of CNBC's The Halftime Report,
YOUR NO-NONSENSE GUIDE TO COMMON SENSE INVESTING
Cut through the confusion and noise and focus on what actually matters. A Wealth of Common Sense clears the air and gives you the insight you need to become a smarter, more successful investor.
Complexity is often used as a mechanism for talking investors into unnecessary purchases, when all most need is a deeper understanding of conventional options. This book explains which issues are importantand which are not.
Take a look inside for guidance on how to:
- Keep up withor beatprofessional money managers
- Exploit stock market volatility to your utmost advantage
- Learn where advisors and consultants fit into a smart strategy
- Build a portfolio that makes sense for your particular situation
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Top Customer Reviews
The key to any learning process is the ability to peel away the layers of the subject to get a better grasp of what you have to know. Mr. Carlson started that process by seeking advice from some of his favourite financial authors and thinkers on what to include in the book. One of the best replies was to imagine you had to explain the subject to your grandmother. From that he developed the various chapters of the book and reinforced it all with his top ten investing ideas at the conclusion of the book with action steps to achieve them. At the end of each chapter are the “key takeaways”. Four or five bullet points that help you to retain the learning for each particular chapter. Also included are the “notes” where the originator whose works are referenced are acknowledged. The “notes” are a treasure trove of book titles, blogs and studies that will add to your knowledge.
At the end of the book is a list of some of the author’s favourite books. Mr. Carlson is an avid reader and it is to our benefit that he is.
No single book is the definitive one on the subject but I believe you would do well to read this one.
Most recent customer reviews
This is a great book of Common Sense Investing. I read a lot, probably too much, and I have read many of these concepts before. Read morePublished 12 months ago by Book Addict
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