From the Bookshelf
“Bad investors think of ways to make money. Good investors think of ways not to lose money. Those 17 words are the most important words any investor can know,” writes Steven Sears. This advice summarizes the message of his new book, “The Indomitable Investor: Why a Few Succeed in the Stock Market When Everyone Else Fails” (John Wiley & Sons, 2012).
Sears covers a broad range of topics, including buy and sell decisions, fees, asset allocation, financial data and regulation. Much of the focus is on behaviors that cause investors to underperform the markets. Though there is plenty of advice on how to succeed, Sears puts a lot of emphasis on what to look out for.
We would have liked to have seen a conclusion that ties together the lessons given throughout the book. But even without this, paying attention to just a few of the book’s lessons may help investors to eliminate errors.
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