Reasons to Pass: A Guide to Making Fewer and Better Investments

Reasons to Pass: A Guide to Making Fewer and Better Investments

Author
Ralph Birchmeier
Publisher
Columbia University Press
Language
English
Year
2023
ISBN
9780231556804
File Type
pdf
File Size
3.4 MiB

In The Business World, Confidence Is The Personality Trait Correlated With The Short-term Success That Often Drives Decisions. Confident Managers Become Ceos. Confident Investors Become Portfolio Managers And Successfully Gather Assets. Yet Confidence Is Illusory; It Feels Good But Doesn't Do The World's Uncertainty Justice. Accepting The World As It Is -- Ambiguous, Confusing, And Unpredictable -- Requires One To Rightsize Their Ego. Accepting This Stimulates The Use Of Society's Least Acceptable Phrase, I Don't Know. It Fosters Discovery And Sometimes Answers -- But Quite Often, Acknowledgement That Answers Are Out Of Reach. Too Many Investment Books Praise The Confidence And Conviction Demonstrated By Successful Investors. Reasons To Pass Is At Its Core A Book That Reminds Us, Professional And Retail Investors Alike, To Rightsize Our Egos. Only Then Can We Optimize Long-term Decision Making When Building Investment Portfolios. The Author Aims To Bring Investing Back To The Basics, Helping Readers Better Navigate The Complexities Of Investing, Bringing Clarity To The Long-term Elements Of The Process-- Provided By Publisher.

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