Discerning and actionable investment advice.

INVEST LIKE THE BEST

THE LOW-RISK ROAD TO HIGH RETURNS

An experienced investment professional shares 24 “best investor” strategies.

The typical investment book either doles out advice derived from a system created by the author or delves deeply into the plusses and minuses of specific, existing investment vehicles. Debut author and investment advisor Belchamber’s approach is refreshingly different: He’s studied some of the world’s most successful investors, distilling their strategies into a 12-chapter collection of insights, consolidated into a handy list at the book’s end. This concept gives the book strong organization and reinforces its credibility by drawing on the thoughts of multiple experts. Part I concentrates on the overall mindset of investors; to set up the theme, Belchamber appropriately quotes Benjamin Graham, mentor of Warren Buffett: “In the end, how your investments behave is much less important than how you behave.” Much of the first part concerns the psychology of investment, augmented by useful examples of errors that investors make when they “chase the past,” engage in self-sabotage, and fail to understand the various types of risk. In Part II, Belchamber ably covers best practices, which include setting priorities, leveraging compound interest, using metrics, and gaining awareness of “investment myths and heresies.” Part III explores specific investment strategy, beginning with a basic premise overlooked “by almost everyone” except best investors, according to the author—that “preservation and growth go together,” even though they’re “normally regarded as separate options.” Here, the author outlines the specifics of money management, investment allocation, and consilience (“the principle of strength in numbers”). A number of charts and graphs helpfully illustrate the key concepts in this final section. Belchamber concludes that “Far too many investors end up taking too much risk, poorly allocated, and without effective active management.” His overall aim is to give investors tools to change their thinking, and his book is clear and straightforward. Novices may find portions of the material somewhat advanced, but experienced investors will likely glean much of value; in fact, it may very well lead them to a new approach to long-term investing.

Discerning and actionable investment advice.

Pub Date: Feb. 5, 2021

ISBN: 978-1-5445-1876-3

Page Count: 202

Publisher: Lioncrest Publishing

Review Posted Online: April 19, 2021

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Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

GOOD ECONOMICS FOR HARD TIMES

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 29, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.

STILLNESS IS THE KEY

An exploration of the importance of clarity through calmness in an increasingly fast-paced world.

Austin-based speaker and strategist Holiday (Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, 2018, etc.) believes in downshifting one’s life and activities in order to fully grasp the wonder of stillness. He bolsters this theory with a wide array of perspectives—some based on ancient wisdom (one of the author’s specialties), others more modern—all with the intent to direct readers toward the essential importance of stillness and its “attainable path to enlightenment and excellence, greatness and happiness, performance as well as presence.” Readers will be encouraged by Holiday’s insistence that his methods are within anyone’s grasp. He acknowledges that this rare and coveted calm is already inside each of us, but it’s been worn down by the hustle of busy lives and distractions. Recognizing that this goal requires immense personal discipline, the author draws on the representational histories of John F. Kennedy, Buddha, Tiger Woods, Fred Rogers, Leonardo da Vinci, and many other creative thinkers and scholarly, scientific texts. These examples demonstrate how others have evolved past the noise of modern life and into the solitude of productive thought and cleansing tranquility. Holiday splits his accessible, empowering, and sporadically meandering narrative into a three-part “timeless trinity of mind, body, soul—the head, the heart, the human body.” He juxtaposes Stoic philosopher Seneca’s internal reflection and wisdom against Donald Trump’s egocentric existence, with much of his time spent “in his bathrobe, ranting about the news.” Holiday stresses that while contemporary life is filled with a dizzying variety of “competing priorities and beliefs,” the frenzy can be quelled and serenity maintained through a deliberative calming of the mind and body. The author shows how “stillness is what aims the arrow,” fostering focus, internal harmony, and the kind of holistic self-examination necessary for optimal contentment and mind-body centeredness. Throughout the narrative, he promotes that concept mindfully and convincingly.

A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.

Pub Date: Oct. 1, 2019

ISBN: 978-0-525-53858-5

Page Count: 288

Publisher: Portfolio

Review Posted Online: July 21, 2019

Kirkus Reviews Issue: Aug. 15, 2019

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