Big Money Thinks Small

What could look like anecdotes and unrelated points come together to form a valuable approach to investing...it's a collection of investment wisdom. I'll certainly re-read many passages of this book over and over again. Highly recommended for seasoned investors.

Auteur
Joel Tillinghast is a Chartered Financial Analyst (CFA) charterholder and thirty-six-year veteran of the investments industry. He has been the manager of the Fidelity® Low-Priced Stock Fund since 1989.

Texte du rabat

Investors are tempted daily by misleading or incomplete information. They may make a lucky bet, realize a sizable profit, and find themselves full of confidence. Their next high-stakes gamble might backfire, not only hitting them in the balance sheet but also taking a mental and emotional toll. Even veteran investors can be caught off guard: a news item may suddenly cause havoc for an industry they've invested in; crowd mentality among fellow investors may skew the market; a CEO may turn out to be unprepared to effectively guide a company. How can one stay focused in such a volatile profession? If you can't trust your past successes to plan and predict, how can you avoid risky situations in the future? In Big Money Thinks Small, veteran fund manager Joel Tillinghast shows investors how to avoid making these mistakes. He offers a set of simple but crucial steps to successful investing.

Résumé
In Big Money Thinks Small, veteran fund manager Joel Tillinghast offers a set of simple but crucial steps to successful investing. Tillinghast teaches readers how to learn from their mistakesand his own, giving investors the tools to ask the right questions in any situation and to think objectively and generatively about portfolio management.

Contenu
Foreword
Acknowledgments
Part I: Sleight of Mind

1. It's a Mad, Mad World
2. Silly Human Tricks (Decision Biases)
3. Gamblers, Speculators, and Investors
4. Mind Over Money
   Part II: Blind Spots
5. Need to Know?
6. It's the Simple Life for Me
7. Thinking Small
8. Bulls in the China Shop
   Part III: Honest, Capable Fiduciaries
9. Dare to Be Great! Or, Distinctive Character
10. Bang for the Buck
11. Do the Bad Guys Wear Black Hats?
12. Shipping Bricks and Other Accounting Riddles
    Part IV: Live Long and Prosper
13. Is the End Near?
14. Oil Gushers and Slicks
15. Tech Stocks and Science Fiction
16. How Much Debt Is Too Much?
    Part V: What's It Worth?
17. Will the Lowest Be Raised Up?
18. Which Earnings Number?
19. The Art of Judging Value
20. Double Bubble Trouble
21. Two Paradigms
    Index