Bedrock Investing Principles for Profiting in Today's Shaky Markets
If you wanted to create the next earth-shattering consumer product, Steve Jobs would be an ideal role model to follow. If you planned to become a great golfer, you might look to Arnold Palmer or Jack Nicklaus.
So, if your goals are to outperform other investors and achieve your life's financial goals, what should you do?
Think, act, and invest like the best investor out there: Warren Buffett. While you can't invest exactly like he does, Think, Act, and Invest Like Warren Buffett provides a solid, sensible investing approach based on Buffett's advice regarding investment strategies.
When it comes to investing, Director of Research for the BAM Alliance and CBS News blogger Larry Swedroe has pretty much seen it all--and he's come to the conclusion that simple is better, that adopting basic investing principles always increases an investor's chance of success, and that Buffett is an excellent model for such investing.
In Think, Act, and Invest Like Warren Buffett, Swedroe provides the foundational knowledge you need to:
- Develop a financial plan to help you make rational decisions on a consistent basis
- Determine the level of risk that's right for you, and allocate your assets accordingly
- Build a low-cost, tax-efficient, globally diversified portfolio
- Manage your portfolio by rebalancing periodically to maintain proper risk levels
The beauty of the Buffett approach is its profound simplicity: follow the basics, keep your cool, and have a sense of humor and humility.
The market volatility of recent years has ushered in armies of economists, forecasters, and other so-called experts whose job it is to explain how everything works. Somehow, they have managed to muddy the waters even more.
The truth is, investing is easier than you think--even in today's economy. "Complex problems can have simple solutions," Swedroe writes. Think, Act, and Invest Like Warren Buffett helps you go back to the basics--so you can leap in front of the investing pack.
"If you’ve been wondering why you've had such a hard time investing well, Think, Act, and Invest Like Warren Buffett will diagnose your ills and treat them in this delightful short book." -- William Bernstein, Author, A Splendid Exchange and The Investor's Manifesto
"Follow the investment strategy advocated by Larry Swedroe, and free yourself to spend your time on life's treasures--like your family and friends!" -- William Reichenstein, Professor, Baylor University
"As someone who teaches a college investments course, I would not have thought it possible to do what Swedroe has done in such a short concise book." -- Edward R. Wolfe, Professor of Finance, Western Kentucky University
"It's amazing. Larry Swedroe managed to pen a magnificent book not only chock full of actionable advice but one that's fun to read. Get a copy and treat yourself to a better financial future." -- Harold Evensky, President, Evensky & Katz
"Larry Swedroe is the undisputed expert in helping investors manage portfolios the smart way. His new book, Think, Act, and Invest Like Warren Buffett, combines all facets of wealth management in an inspiring and powerful manner." -- Bill Schultheis, Author, The New Coffeehouse Investor
About the Author
Larry E. Swedroe is a principal and the Director of Research for the BAM Alliance. He has also held executive-level positions at Prudential Home Mortgage, Citicorp, and CBS. Swedroe frequently speaks at financial conferences throughout the year and writes the blog "Wise Investing" at CBSNews.com.
