The Winning Investment Habits of Warren Buffett & George Soros
The Winning Investment Habits of Warren Buffett & George Soros
As Mark Tier demonstrates in this insightful book, the secrets that made Buffet, Icahn, and Soros the world’s three richest investors are the same mental habits and strategies they all practice religiously. However, these are mental habits and strategies that fly in the face of Wall Street’s conventional mindset. For example:
-Buffett, Icahn, and Soros do not diversify. When they buy, they buy as much as they can.
-They’re not focused on the profits they expect to make. Going in, they’re not investing for the money at all.
-They don’t believe that big profits involve big risks. In fact, they’re far more focused on not losing money than making it.
-Wall Street research reports? They never read them. They’re not interested in what other people think. Indeed, Buffett says he only reads analyst reports when he needs a laugh.
In The Winning Investment Habits of Warren Buffett & George Soros you can discover how the mental habits that guided your last investment decision stack up against those of Buffett, Icahn, and Soros. Then learn exactly how you can apply the wealth-building secrets of the world’s richest investors to transform your own investment results.
User Ratings and Reviews
5 Stars A Masterful Book. Simply Extraordinary!
This is something I rarely do, but I am compelled to write a review for this marvelous investing book. I have been trading and stock buying for about a year now, under the very careful tutelage of a great friend who has worked on Wall Street for 15 years, very successfully too.
All of my trades are real inside information. I trade options too, but at the end of all the time and effort, I have barely covered my transaction costs. Of course, I have made mistakes, and made my own choices as well, but looking back as I combed through the many many trades I did this year whilst filing my meagre tax return, it dawned on me that over 60% of the ideas I had were good, and would have been winners, but I suffered from a couple of fundamental flaws, which plague most people who delve into the markets.
I didn’t feel as though I deserved to make money. Maybe it seemed too easy. Maybe I was taught to have great respect for the market… to treat it like a seven-headed serpent. And I did. I took very small, careful positions, and sold very soon after I had made a small profit. Conservative. Safe. No risk. Cut losses immediately.
Most of my small winnings were given back with ill-thought out options trades, just trading through boredom, or taking a stab at something that looked likely to happen.
However, without saying too much more, I can honestly say that over the last year, there were about 3 trades I did that were absolutely 100%, couldn’t fail, homeruns. They were obvious winners. But again, I got in small, “saved my powder” and took a profit early.
This book, which is how Warrren and George Soros trade and invest, has turned my entire world upside down, and for the first time since I started trading, I actually feel as though I can make some SERIOUS money in the markets.
This book is a goldmine, filled with strategies that go against all the conventional wisdom, and what’s so amazing, is that after you read this, you almost feel sorry for those poor little investors that spend their life trading with little amounts, across a wide range of stocks.
…. “I only have about one great idea a year, and I won’t do anything until I find that idea. That’s when I act. It has to meet every one of my criteria, and if it does, I buy as much as I possibly can.” –Warren Buffett.
Best of luck,
–James
5 Stars If you haven’t made $1 billion on the market, you’ll find the reason here
I’ve read dozens of books on investment, on Warren Buffet and a few on George Soros (including his) and I’ve done pretty well on my own portfolio.
But for me, this book made the penny drop, it enabled me to understand what it takes to make a billion from investing. If you want to move from 15% compound to +25% compound this book has what it takes to get you there. www.smartinvestorafrica.com
5 Stars They have more in common than I thought
I wanted to read this book because I am very familiar with Warren Buffett, but not so with George Soros even though he has been extremely successful. I always thought that they were completely different since Soros is a trader and Buffett is an investor. Some of the similarities are that they both emphasize not losing money, do not believe in efficient market theory, do not diversify, and think of risk as not knowing what one is doing. They are even similar in their personal lives by being frugal. I enjoyed reading this book.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
5 Stars A Book For Success
Excellent book. Insights and mindset of two of the best in investing of our times. All is described in a perfect-easy way. Highly recommended.
3 Stars Some Good Trading Rules
This books isn’t going to teach you how G.Soros or W.Buffet actually trade or “invest”.
However, in terms of establishing some simple rules for trading, it is a helpful item.
Following our plan, which we can start by the use of some rules mentioned in this book, is the most important thing.
Now, as a reader I was expecting more from a book with such title. I believe the material could have been improved, more specific trading ideas and actual examples could have been included. For this reason I rank it only 3 stars.
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