{"product_id":"big-mistakes-the-best-investors-and-their-worst-investments-hardcover","title":"Big Mistakes: The Best Investors and Their Worst Investments - Hardcover","description":"\u003cp\u003eby \u003cb\u003eMichael Batnick\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA Must-Read for Any Investor Looking to Maximize Their Chances of Success\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eBig Mistakes: The Best Investors and Their Worst Investments\u003c\/i\u003e explores the ways in which the biggest names have failed, and reveals the lessons learned that shaped more successful strategies going forward. Investing can be a rollercoaster of highs and lows, and the investors detailed here show just how low it can go; stories from Warren Buffet, Bill Ackman, Chris Sacca, Jack Bogle, Mark Twain, John Maynard Keynes, and many more illustrate the simple but overlooked concept that investing is really hard, whether you're managing a few thousand dollars or a few billion, failures and losses are part of the game. Much more than just anecdotal diversion, these stories set the basis for the book's critical focus: learning from mistakes. These investors all recovered from their missteps, and moved forward armed with a wealth of knowledge than can only come from experience. Lessons learned through failure carry a weight that no textbook can convey, and in the case of these legendary investors, informed a set of skills and strategy that propelled them to the top. \u003c\/p\u003e\u003cp\u003eResearch-heavy and grounded in realism, this book is a must-read for any investor looking to maximize their chances of success. \u003c\/p\u003e\u003cul\u003e \u003cli\u003eLearn the most common ways even successful investors fail\u003c\/li\u003e \u003cli\u003eLearn from the mistakes of the greats to avoid losing ground\u003c\/li\u003e \u003cli\u003eAnticipate challenges and obstacles, and develop an advance plan\u003c\/li\u003e \u003cli\u003eExercise caution when warranted, and only take the smart risks\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhile learning from your mistakes is always a valuable experience, learning from the mistakes of others gives you the benefit of wisdom without the consequences of experience. \u003ci\u003eBig Mistakes: The Best Investors and Their Worst Investments\u003c\/i\u003e provides an incomparable, invaluable resource for investors of all stripes.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eStudying and emulating the strategies and behaviors of successful investors are a well-trodden path to improved returns, but there's also a wealth of wisdom to gain from examining the follies and missed opportunities that failed to derail their illustrious careers. \u003ci\u003eBig Mistakes: The Best Investors and Their Worst Investments\u003c\/i\u003e shines an eye-opening light on the humbling lessons learned by more than a dozen of the world's most well- known investors. \u003c\/p\u003e\u003cp\u003eIn this brilliantly researched volume, a diverse collection of investors is fleshed out beyond their famous accomplishments to illustrate investing isn't easy--even for those blessed with remarkable talent and impeccably good timing. If you think you know the stories behind such investing giants as Warren Buffett, Bill Ackman, Chris Sacca, Jack Bogle, Ben Graham, and John Maynard Keynes, to name a few, the unique treatment inside adds a fresh and nuanced perspective to their commonly recognized biographies. \u003c\/p\u003e\u003cp\u003eAfter reading this book, you will become a wiser investor who knows: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eThe importance of managing your risk and not getting attached to investments\u003c\/li\u003e \u003cli\u003eWhy you need to invest with your strengths, while remembering you aren't as smart as you think\u003c\/li\u003e \u003cli\u003eTaking big losses in stride are critical to success because you only need to win once\u003c\/li\u003e \u003cli\u003eBuilding the perfect portfolio is futile\u003c\/li\u003e \u003cli\u003eFailing can be your biggest step to achievement\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eOne of the biggest takeaways these cautionary tales provide is the valuable gift each of your mistakes gives you. All of these investors suffered major financial losses, but none of them folded. In fact, many of the skillsets and strategies widely practiced today exist \u003ci\u003ebecause\u003c\/i\u003e of epic disasters. \u003c\/p\u003e\u003cp\u003eFor every investor looking to reach their full potential, now is the time for \u003ci\u003eBig Mistakes\u003c\/i\u003e.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003ePRAISE FOR\u003cbr\u003e \u003cb\u003eBIG\u003c\/b\u003e MISTAKES \u003c\/p\u003e\u003cp\u003e\"We're often told how the best get it right, but not how the best can still get it wrong. In \u003ci\u003eBig Mistakes: \u003c\/i\u003e \u003ci\u003eThe Best Investors and Their Worst Investments\u003c\/i\u003e, Michael Batnick illuminates the reasons why revered investors like Warren Buffett and Jack Bogle--along with brilliant minds like Mark Twain and even Isaac Newton--have still, at times, lost grand sums of money.\"\u003cbr\u003e \u003cb\u003e --Bethany McLean, \u003c\/b\u003e Author of \u003ci\u003eThe Smartest Guys in the Room\u003c\/i\u003e, Contributing Editor, \u003ci\u003eVanity Fair\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\"Michael Batnick has written a terrific book on investing that doubles as solid financial history. Learning about what has failed, and why, is often more instructive than highlighting success.\"\u003cbr\u003e \u003cb\u003e --Jim Chanos, \u003c\/b\u003e President and Founder, Kynikos Associates \u003c\/p\u003e\u003cp\u003e\"Michael Batnick's new book \u003ci\u003eBig Mistakes: \u003c\/i\u003e \u003ci\u003eThe Best Investors and Their Worst Investments\u003c\/i\u003e is superb. It succinctly covers the mistakes that some of the greatest investment legends made, and in doing so, reminds us that everyone makes mistakes and that one of the best things we can do to improve our investment results is learn from both our own mistakes and those of others. Happily, one big mistake is easy to avoid--not reading Michael's fascinating and informative new book. Now that would be a big mistake.\"\u003cbr\u003e \u003cb\u003e --Jim O'Shaughnessy, \u003c\/b\u003e Author of \u003ci\u003eWhat Works on Wall Street\u003c\/i\u003e, Founder, Chairman, and Chief Investment Officer, O'Shaughnessy Asset Management \u003c\/p\u003e\u003cp\u003e\"Michael has written one of the important investment books of our time. Good investing isn't all about being smart; it's about maintaining emotional discipline. This book is an amazing chronicle of investors who, at times, didn't. And since many of those profiled are the greatest investors who ever lived, their lessons are even more relevant to the rest of us.\"\u003cbr\u003e \u003cb\u003e --Morgan Housel, \u003c\/b\u003e Partner, Collaborative Fund\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMICHAEL BATNICK\u003c\/b\u003e is the director of Research at Ritholtz Wealth Management. He develops and implements risk management and portfolio strategies for clients and leads internal research efforts. He educates people on investing at \u003ci\u003eThe Irrelevant Investor\u003c\/i\u003e blog and co-produces the weekly podcast, \u003ci\u003e Animal Spirits\u003c\/i\u003e.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 192\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.9 x 9.2 x 6.3 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e June 13, 2018\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51772722184480,"sku":"9781119366553","price":37.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/afb93cb74bb76f66f5d57991ad79d107.webp?v=1780412517","url":"https:\/\/ebocreations.com\/products\/big-mistakes-the-best-investors-and-their-worst-investments-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}