"Proof of the Pudding" provides practical advice for success from an investor who has "walked the walk." His advice is particularly valuable given recent stock market events.
Hart presents his three-way approach by reviewing the basics, and then instructing the reader on the specifics of his strategy. He has the uncanny gift of taking a complex subject and making it simple to understand.
Hart has done very well financially in the 35+ years he"s been investing. His approach has taken him from modest beginnings to sitting on the beach at Monte Carlo. Hart"s systematic guide will help the reader become a better all around investor. His practical philosophy includes this advice:
1. To be a good investor, you must disregard what everyone is telling you and adopt the attitude, "If I"m doing it, it must be the right thing to do." 2. Whenever we feel the need to trade, we lie down on our couch until the feeling goes away, and after about half an hour we"re usually perfectly all right again. 3. Take all the time you need to arrive at well-reasoned investment decisions, but once you make up your mind, act promptly. 4. In the long run, luck is not a major component of good investment results. 5. Don"t quit your day job until you can live comfortably on the income from your investments; but whether you can do this on $25,000 a year or on $500,000 is a function of how frugally you live. If you can"t live on $500,000 a year, you need a budget director, not an investment advisor. 6. Don"t become so fascinated with the care and feeding of your money that you diminish the time you spend on your kids, dog, gardening, or whatever else is important to you. As Al Einstein said, "It"s all relative."
The Proof of the Pudding is not a theoretical analysis of investment, but rather a detailed account of a real-life investor"s success. Hart"s strategies add value and insight to the investor of today. Это и многое другое вы найдете в книге The Proof of the Pudding: (What Has Worked for Us) a Three-Way Approach to Successful Long-Term Investing (Contrary Opinion Library)