Big Mistakes
Big Mistakes is a must-read for any investor looking to maximize their chances of success. It explores the ways in which the biggest names have failed and reveals the lessons learned that shaped more successful strategies going forward. Much more than just anecdotal diversion, these stories set the basis for the book's critical focus: learning from mistakes. While learning from your mistakes is always a valuable experience, learning from the mistakes of others gives you the benefit of wisdom without the consequences of experience.
"We're often told how the best get it right, but not how the best can still get it wrong. In Big Mistakes: The Best Investors and Their Worst Investments, Michael Batnick illuminates the reasons why revered Investors like Warren Buffett and Jack Bogle―along with brilliant minds like Mark Twain and even Isaac Newton―have still, at times, lost grand sums of money."
― Bethany McLean, Author of The Smartest Guys in the Room, Contributing Editor, Vanity Fair
"Michael Batnick has written a terrific book on investing that doubles as solid financial history. Learning about what has failed, and why, is often more instructive than highlighting success."
― Jim Chanos, President and Founder, Kynikos Associates
"Michael Batnick's new book Big Mistakes: The Best Investors and Their Worst Investments is superb. It succinctly covers the mistakes that some of the greatest investment legends made, and in doing so, reminds us that everyone makes mistakes and that one of the best things we can do to improve our investment results is learn from both our own mistakes and those of others. Happily, one big mistake is easy to avoid―not reading Michael's fascinating and informative new book. Now that would be a big mistake."
― Jim O'Shaughnessy, Author of What Works on Wall Street, Founder, Chairman, and Chief Investment Officer, O'Shaughnessy Asset Management
"Michael has written one of the important investment books of our time. Good investing isn't all about being smart; it's about maintaining emotional discipline. This book is an amazing chronicle of investors who, at times, didn't. And since many of those profiled are the greatest investors who ever lived, their lessons are even more relevant to the rest of us."