Investment Principles: Strategies for an Irrational World

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Investment Principles Strategies for an
Irrational World (Opportunity, Irrationality,
Transformation, and Absurdity Book 1) Investment
Principles Strategies for an Irrational World
proposes a context for understanding a
broader, methodical, and disciplined way to think
about investing. Investment success requires
understanding many elements ranging from global
economics, competitive and microlevel analysis,
game theory to human behavior and emotions.
This integrated approach develops a more
informed and distinctive way to think about the
future. Investment success combines predicting
the future, the confidence to make bold choices,
and the
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fortitude to stay with those choices. I assert
that wisdom, which I define as combining a broad
range of observations into a new set of
knowledge to predict the future more effectively,
is the essential component of successful
investing. The foundation of knowledge,
assembling relevant facts from many sources,
produces better decisions and superior
returns. There is no simple formula. Thoughtful
observation of complex factors, understanding
their interrelation, and predicting the outcome
of their interaction is challenging. In Daniel
Kahnemans words, it requires "slow thinking"
and demanding work. Breathless and urgent
recommendations from social media quips are
usually misguided. Superficial ideas and quick
thinking are even worse. One thing this book
does not contain is a series of numerical models
and algorithms. Those kinds of tools are a
simplified sideshow intended to turn numerous and
dynamic factors into a simple and, typically,
misleading analysis. This approach is
nonsense. This book discusses topics ranging
from disruptive innovation and technologies,
globalization, leadership, fiscal and monetary
policy, and other topics usually relegated to
economics or behavioral textbooks. But inferior
performance comes from not understanding all the
elements, both macro and micro, that influence
investment choice, the policies impacting those
decisions, the competitive environment, and the
leadership qualities essential to succeed within
this context. General statements are a waste of
time, profoundly inefficient and misleading, and
designed simply to make the reader feel good
without giving him or her any useful way to think
more deeply about analysis and conclusions that
matter. This is not a "how to pick stocks" book.
Along with platitudes, there are no simple
formulae, heuristics, or any other effortless
way to outperform the market. Deep thinking about
the factors that matter is complex, challenging,
unique to each situation, and escapes simple
formulae. This book is not organized as a
straightforward narrative, but in sections
addressing different topics. The foundation
comes from my articles and lectures and may seem
disjointed, but each topic and subtopic is meant
to stand on its own. The book can be just as
effectively read in discrete sections and not
necessarily in any narrative series. This can be
a reference book, as well as a descriptive
analysis. Visit to know More https//www.amazon
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