Delaware County District Library

Heads I win, tails I win, why smart investors fail and how to tilt the odds in your favor, Spencer Jakab

eng

Includes bibliographical references (pages 263-268) and index

illustrations

index present

non fiction

Heads I win, tails I win

bibliography

921865003

Spencer Jakab

why smart investors fail and how to tilt the odds in your favor

According to Wall Street Journal investing colum nist Spencer Jakab, most of us have no idea how much money we're leaving on the table--or that the average saver doesn't come anywhere close to earning the "average" returns touted in those glossy brochures. We're handicapped not only by psychological biases and a fear of missing out, but by an industry with multimillion-dollar marketing budgets and an eye on its own bottom line, not yours. Unless you're very handy, you probably don't know how to fix your own car or give a family member a decent haircut. But most Americans are expected to be part-time fund managers. With a steady, livable pension check becoming a rarity, we've been entrusted with our own finances and, for the most part, failed miserably. Since leaving his job as a top-rated stock ana lyst to become an investing columnist, Jakab has watched his readers--and his family, friends, and colleagues--make the same mistakes again and again. He set out to evaluate the typical advice people get, from the clearly risky to the seemingly safe, to figure out where it all goes wrong and how they could do much better.

Preface -- Lake Moneybegone -- Timing isn't everything -- Turning lemons into lemonade -- Who wants to be a billionaire? -- Actually, timing is everything -- The celebrity cephalopod -- Seers and seer suckers -- Where are the customers' yachts? Heads I win, Tails you lose -- Seven habits of highly ineffective investors -- But wait, there's more -- Far from the maddening crowd -- The Hungarian grandma indicator (or why you may need an advisor) -- Leaving Lake Moneybegone -- Acknowledments -- Notes -- Index

adult