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Big Mistakes Summary

Michael Batnick

Big Mistakes

by Michael Batnick

Big Mistakes

Michael Batnick

Clock Icon5 min
Insight Icon3 key insights
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Big Mistakes: The Best Investors and Their Worst Investments is an entertaining look at behavioral finance and investing through the personal stories of the failure of the giants of capital investment.

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Big Mistakes

by Michael Batnick

Big Mistakes

Michael Batnick

Overview

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

The good news is that we can learn from their epic snafus. 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 subtly teaches the drier principles of sound investing and behavioral finance without causing your eyes to glaze over.

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Favorite Quote

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

Charles Munger, billionaire investor

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Big Mistakes

Michael Batnick

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