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Book Hack
The Art of ExecutionBy Lee Freeman-Shor

In a Nutshell

Explore the good and bad habits that make or break investors, how we can apply winning strategies in our own investing, and how to avoid the pitfalls that destroy wealth.

Favorite Quote

The skill of good execution in investing has been largely hidden from the general public. This has led to a widespread false belief that great investors are great because they have ideas that ... elude the rest of us mere mortals. This couldn't be further from the truth.

Lee Freeman-Shor

Introduction

What would happen if 45 of the world's top investors were given between $25m and $150m to invest in their top ten favorite investment ideas?

In a seven-year experiment, fund manager Lee Freeman-Shor did just that. His findings were surprising.

Most of the participants made losing investments.

The least successful investor lost all the money, but the most successful investors in the group made a huge profit — regardless of losing money on most of their picks.

The difference between successful and failing investments depended on the habits and behaviors of the investors.

In The Art of Execution, Freeman-Shor examines the habits that set successful investors apart from others and explains how we can all use these to increase our profits.

With in-depth analysis of Freeman-Shor's findings and case studies outlining the best and worst investment strategies, the book is, at heart, a fascinating study of human behavior.

Here are the 3 key insights from this Hack

  1. 1.
    Winning or losing, the best investors have a plan and stick to it
  2. 2.
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  3. 3.
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