This summary and review of the book, The Investor’s Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between, was prepared by Cody T. Francis while a Finance major in the College of Business at Southeastern Louisiana University.
This summary and review of the book, The Investor’s Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between, was prepared by Cody T. Francis while a Finance major in the College of Business at Southeastern Louisiana University.
Read more:
A Summary and Review of The Investor’s Manifesto by William J. Bernstein for Thinking Executives – and Those Who Want to be One | Bookstove
David Wyld, Professor of Management
Southeastern Louisiana University
Wyld About Business (http://ping.fm/gQvaG) and
Management in a Minute (http://ping.fm/4rhIH)
2 comments:
Cody did a great job on this book report. One of top ten comments that I liked the most was “Using historical data to measure future expected return is a mistake.” I agree with this statement. Cody said in this report that a lot of beginners tend to fall for this and I understand how it can happen. I think that that is all they have to go off of and them being naïve will use it. Cody also goes in and says for another one of his top ten that emotions will get you poor. You have to leave your emotions at home. Once you show you are weak people will begin to take advantage of you.
I like the one about teaching your children good habits. I think it is very important to teach children the importance of money, and that money does not grow on trees. So often, kids are raised in a way that they think they can live in the same way that their parents do as soon as they grow up. Money is a very important thing, and it takes time, patience, and experience to get where your parents are today. We must do all of the things they did, or most of them to get to the point that they are. Remember, chances are they have been doing this for 30 – 40 years. Typically, it will take us just as long to get to that point.
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