File Size: 13310 KB
Print Length: 224 pages
Page Numbers Source ISBN: 1530538858
Simultaneous Device Usage: Unlimited
Publication Date: February 25, 2016
Sold by: Digital Services LLC
Language: English
ASIN: B01C8DT4IK
Text-to-Speech: Enabled
X-Ray: Not Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Enabled
Best Sellers Rank: #24,831 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #5 in Books > Business & Money > Finance > Wealth Management #23 in Kindle Store > Kindle eBooks > Business & Money > Finance #35 in Kindle Store > Kindle eBooks > Business & Money > Investing
I love the 80/20 mindset. That 80% of the results comes from 20% of the inputs. I read Rich Koch's 80/20 books and then Perry Marshalls 80/20 marketing. So I was so excited to read this book on applying the 80/20 principle to investing: That 80% of your portfolio returns come from 20% of the assets.The book goes into both 80/20 investing and traditional professional investment manager investing in detail. Stop doing what the crowd does (handing their money over to professionals at banks and mutual funds). And start following the lead of 80/20 investors such as Warren Buffet and Mayer Rothschild.Summary of 80/20 investing method- buy when the crowd hates the stock - when there is "blood in the streets. Profits are made when you buy.- use dollar cost averaging buying to avoid having to time the bottom exactly- hold your assets until the market in that stock is bullish again- sell when the crowd loves the stock - when even the shoe shine boy is giving you stock tips- again use dollar cost averaging to sell on the way up to the peak price- say no to distracting investments or to companies that you don't personally understand the business model of- save up cash from your business or job for buying opportunities during a crash- make few trades (maybe 1 per year) but think deeply about each one- years of inactivity and then act decisively when you see an opportunity- focus your assets into large positionsDoing this can create 10-20% returns per year. It won't make your broker or investment advisor happy - they like the fees from rapid trading and back end mutual fund kick backs. But it can make you a happy investor and a relaxed one too.
Yes, this book is an excellent Pareto principle-driven approach to investing. Yes, it strips out the BS. Yes, it will rekindle your lingering drive to become Gordon Gecko. All of the above is how the author brings you through the door. Here's what kept me reading...Schneider's keen attention to history. He mixes in stories from figures like Ben Franklin and Marcus Licinius Crassus. If you're allergic to tales from the past, I still think you'll enjoy this one - he doesn't get bogged down in the history, but he uses it to make laser-targeted points about practical investing.This was truly a fun and helpful read.
I understand finance and economics, but I did not have much practical knowledge on how to manage my personal finances, particularly given the current financial conditions and my unique situations. This book is an engaging and education read. It provides a lot of great insight on economics, investing, and personal finance. I like the unique, simple, and easy to understand guidance on investing for everyday people. It's nice to read a book that is not just geared towards hedge funds, but every day people. I highly recommend grabbing this book!
I was lucky enough to meet David in person. Within minutes, we were talking about the global economic situation and our own uncertain financial future. He told me some things that I won't reveal here, since they tie in with his next book, but he definitely piqued my interest in no-nonsense financial planning.Turns out, this book is a must-read for anyone who is serious about his or her retirement. In this book, David lays out a plan for worry-free investment, based on the 80/20 Principle. It is a refreshing read and I have recommended the book to several friends.
David Schneider, a former hedge-fund manager, outlines a simple & effective approach to investing in this book. I'm a beginner to investing myself (I've been focusing on growing my own business instead) and found this book easy to follow. However, even advanced investors will find lots of value.The author challenges conventional wisdom - unsurprisingly many of the so-called 'investment best practices' out there that your broker is trying to sell you is in his best interest, not necessarily yours.Some of my biggest takeaways:* Cash is a position. Investing a large % of your net worth in the market may be in your broker's best interest, not necessarily yours (depends on market conditions).* Make few, well-researched trades.* "Buy when there's blood in the streets."* Buying S&P 500 isn't always the smartest choice.Schneider practices what he preaches - he publicly shares his recent trades on his website. For example, over the last couple of months he made significant gains by buying Volkswagen and crude oil at their all-time lows.I now feel prepared to deploy cash in a smart manner the next time I see a no-brainer opportunity. Highly recommended.(To get the pig farmer reference you'll have to read the book :))
Just as the internet has democratized work, it has also democratized investing. We are raised to believing that investing intelligently is complex and difficult, something best left to professionals. In the 80/20 investor, David shows that for those who take the 80/20 approach, investing is now easier, more fun and more profitable than ever.
The 80/20 Investor: Investing in an Uncertain and Complex World - How to Simplify Investing with a Single Principle Stock Investing: The Revolutionary Stock Investing Strategies For Beginners - The Complete Guide To Get Started With Stock Investing And To Maximize Your ... Trading, Investing, Investing Basics) Smart Investor: Warren Buffett Way: How to know the stock market has bottomed? (Market Crash, Intelligent Investor, Stock Market, Financial Freedom, Stock Valuation, Wealth Creation Book 1) Warren Buffett : Best Quotes for investor: Wake up your inner investor soul (best quotes, warren buffett book, warren buffett way, warren buffett biography, warren buffett letters) Positive Discipline for Single Parents : Nurturing, Cooperation, Respect and Joy in Your Single-Parent Family Why Am I Single: The Single Mistake Young Women Make And What To Do Instead The Fat Tail: The Power of Political Knowledge in an Uncertain World (with a New Preface) The Fat Tail: The Power of Political Knowledge in an Uncertain World In an Uncertain World: Tough Choices from Wall Street to Washington Radical Optimism: Practical Spirituality in an Uncertain World Parenting After Divorce For The Single Daddy: The Best Guide To Helping Single Dads Deal With Parenting Challenges After A Divorce Single Parenting That Works: Six Keys to Raising Happy, Healthy Children in a Single-Parent Home Single Mothers by Choice: A Guidebook for Single Women Who Are Considering or Have Chosen Motherhood Single Family Office: Creating, Operating & Managing Investments of a Single Family Office The Single Family Office: Creating, Operating & Managing Investments of a Single Family Office Uncertain Justice: The Roberts Court and the Constitution Uncertain Soldier Uncertain Glory The Laws of Medicine: Field Notes from an Uncertain Science (TED Books) Whiskey Neat: Uncertain Saints MC Series, Book 1