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Book Hack
Big MistakesBy Michael Batnick

In a Nutshell

Big Mistakes: The Best Investors and Their Worst Investments is an entertaining look at behavioral finance and investing, told through the personal stories of failure of the giants of capital investment.

Favorite Quote

How could economics not be behavioral? If it isn't behavioral, what the hell is it?

Charles Munger, billionaire investor

Introduction

The world of investing is complicated, beset by fallible human judgment. Even the pros don't always do it right; sometimes they get it spectacularly wrong.

The good news is that we can learn from the epic snafus of the pros.

In Big Mistakes, chartered financial analyst Michael Batnick exposes the wealthiest investors' most embarrassing — and costly — financial mess-ups.

Through personal stories, including his own cringe-inducing one, Batnick weaves a cautionary tale that also teaches the drier principles of sound investing and behavioral finance without causing your eyes to glaze over.

Here are the 3 key insights from this Hack

  1. 1.
    Betting that a share price can’t get any worse can come back to bite you
  2. 2.
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  3. 3.
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