on 13 December 2013
Should you buy more equities or sell your existing equity holdings? What should you buy or sell? Is an S&P 500 Index fund worth buying or a selling? In a roundabout way this book can help you think about these questions. This is part investment book, part Chinese philosophy, part autobiography and part biology text book. At its heart is a very good introduction to the Austrian School of economics. Morevoer, it provides a really interesting insight into how a very successful investor thinks - the author has done exceedingly well in the world of investing. All the profits from the sale of the book go to charity so it appears he wrote this book as a labour of love.
A terrific book if you want to think about your investment strategy. Best thing was it made me think about when to sell equities. After reading it, one can quite straight forwardly tell when the market or a company are potentially overvalued. I enjoyed the biology, philosophy and economics that are described in the book. The author successfully uses the Austrian School method of keeping the use of equations to an absolute minimum. It is the ideas that matter rather than the maths or quantitative analysis.
What I don't know is how applicable his investment strategy could be used by small investors like myself. But don't let this put you off reading the book as even if you cannot implement his investment ideas to the letter the general ideas may well be beneficial to your portfolio.