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Big Mistakes

Big Mistakes

By Michael Batnick

The Best Investors and Their Worst Investments. Bloomberg Press, 2018.

0.0 / 0

15 mins read

14 Key insights

A brief summary of Big Mistakes

A revealing account of the times when the most experienced financial experts on Wall Street made failed investments, and how you can avoid making the same mistakes while managing your own portfolio.

Key insights in Big Mistakes

1
What do you get from this book? The financial blunders bright investors made so you can avoid doing the same
2
Businesses set value, and people set price—understanding the difference is key
3
Beware the bargain, as it can come with a sting—cheap stock can always get cheaper!
4
Risks are part of investments, whether you’re a newbie or a seasoned investor
5
It doesn’t matter how intelligent or skilled you are, luck and chance determine the outcome
6
Keep your eye on the ball—don’t go off into ventures you don’t understand
7
Beware the comfort of overconfidence—it can quickly create downfalls in investments
8
For investment success, focus less on riches and more on trying not to lose
9
You can be right for a prolonged period—but the tide can and will turn at any time
10
Don’t quit too early—patience can be a virtue when investing
11
Making mistakes is just part of the job when you’re an investor
12
Summary of the key insights
13
Selected critiques in brief
14
Final word

Who should read Big Mistakes

Investors • leaders • inventors • entrepreneurs • business analysts • anyone who is thinking about investing in stocks

About the author of Big Mistakes

Michael Batnick is Director of Research at Ritholtz Wealth Management, a registered investment advisor firm. His company has offices nationwide. In his capacity as a member of the investment committee, Batnick takes care of the construction of client portfolios. He has been a CFA charter holder since 2015.

author avatar

Michael Batnick

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