A Wealth of Common Sense

Why Simplicity Trumps Complexity in Any Investment Plan (Bloomberg)

De: Ben Carlson

Narrado por: Mike Fraser

Duración: 7 h y 2 m

Resumen del Editor

A simple guide to a smarter strategy for the individual investor

A Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simplicity-based framework can lead to better investment decisions. The financial market is a complex system, but that doesn't mean it requires a complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes". Information is important, but understanding and perspective are the keys to better decision-making. This book describes the proper way to view the markets and your portfolio, and shows you the simple strategies that make investing more profitable, less confusing, and less time-consuming. Without the burden of short-term performance benchmarks, individual investors have the advantage of focusing on the long view, and the freedom to construct the kind of portfolio that will serve their investment goals best. This book proves how complex strategies essentially waste these advantages, and provides an alternative game plan for those ready to simplify.

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 you actually should pay attention to, and which ones are simply used for an illusion of intelligence and control.

• Keep up with—or beat—professional money managers
• Exploit stock market volatility to your utmost advantage
• Learn where advisors and consultants fit into smart strategy
• Build a portfolio that makes sense for your particular situation

You don't have to outsmart the market if you can simply outperform it. 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.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2015 Ben Carlson (P)2022 Echo Point Books & Media, LLC

Outstanding read!

An excellent book from one of the best new(er) financial writers. I loved "Don't Fall For It" and so was anxious to sample more of Ben's work. He presents financial issues in a simple--but not easy--manner, and shows how simplifying one's approach and assets yields the best results. A must-read for everyone who thinks that great results come from complex processes.

One note: the narration is excellent, but seems like an odd fit. I usually prefer narration that brings the author and his voice to life, and this is not it. A rich, baritone voice with a British accent is quite a mismatch for a Michigander author, but I loved it.