Sunday, August 12, 2012

42 Rules for Sensible Investing by Leon Shirman

What’s it about?

In 42 Rules of Sensible Investing, Leon Shirman shares his practical insights on personal investment strategies and philosophies, and on picking winning stocks. These views are heavily influenced by successful long-term approaches used by modern investing legends, such as Benjamin Graham, Warren Buffett and Peter Lynch. The sometimes complex and esoteric strategies are transformed into concise, practical, and sensible rules.
In this personal finance book 42 Rules of Sensible Investing, you will read about investing principles that can be used to evaluate your portfolio and immediately implement changes if necessary. Some rules are common sense advice, or something that you may have already heard about, such as:
  • How to stay calm in declining markets
  • How to have a good selling strategy
  • Why diversification is necessary
Other rules, however, could definitely cause controversy:
  • Why index funds perform better than most other actively managed funds
  • How over-diversification can be a bad idea
  • Why long term investing in stocks is less risky than in bonds
  • Why it makes sense to stay invested at all times
  • How a simple process of stock picking is better than a complex one

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