Investors are tempted daily with misinformation. They make lucky bets that breed false confidence, and their high-stakes gambles can take an emotional toll. How can anyone stay focused in such a volatile profession?
In Big Money Thinks Small, veteran fund manager Joel Tillinghast urges investors to act cautiously and follow five primary steps to successful investing:
Know yourselfMake decisions based on your own knowledgeSelect trustworthy and capable colleagues and collaboratorsAvoid businesses that seem destined to failAlways search for bargains
Patience and methodical planning will pay far greater dividends than rash, bold investments. Through sensible instruction, Tillinghast teaches listeners how to ask the right questions in any investing situation and think objectively and generatively about portfolio management.
