Big Mistakes
by Michael Batnick
The worst investments of the best investors, Graham, Livermore, Twain, Buffett, Druckenmiller, Bogle, and what each error teaches: overconfidence, leverage, straying from competence, the fear of missing out. It is short, well told and reassuring that everyone errs, and instructive about how.
Read it if…
you want to learn from famous mistakes rather than famous successes.
Skip it if…
you want a method; it is lessons through stories.
Three things you will actually use
- Everyone makes big mistakes; survive them.
- Leverage turns mistakes fatal.
- Know your circle and stay in it.
Do this first
Write your own worst investment and which chapter it belongs in.
Our verdict
Short and instructive.
Compare with other Money books
The Elements of Investing
Burton G. Malkiel and Charles D. Ellis · Money
Shortest complete guide.
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