Forever Investing: The Investment Strategy of History's Greatest Investors

Forever Investing: The Investment Strategy of History's Greatest Investors

Author
Michael Nowacki
Publisher
UNKNOWN
Language
English
Year
2016
ISBN
0692769412,9780692769416
File Type
epub
File Size
242.6 KiB

Over the last fifty years, the average holding period of a stock in the United States has plummeted. In the 1960s, it was eight years; now it’s just several days. And yet historically many of America’s most successful investors have been forever investors—buying ownership in companies with the goal of keeping those assets indefinitely, if not forever.
In this insightful, easy-to-read guide, author Michael T. Nowacki challenges current thinking about stock holding and investing. He proposes that today’s investors take their cues from business titans of the past and present. He advises adopting a more long-term approach to choosing, making, and holding stock market purchases. In short, rather than seeing yourself as a stock owner, he recommends you see yourself as a business owner.
In Forever Investing, Nowacki examines the strategies of some of the greatest investors in history, including John D. Rockefeller Sr., Andrew Carnegie, Shelby Cullom Davis, the Koch brothers, and Warren Buffett. Then, drawing on these luminaries’ practices, he explains how you can get into a forever investing mind-set. Once you accomplish that, you will make better, more stable, and more productive investment decisions.

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