2 of 2 people found the following review helpful
Great Investment Book,
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This review is from: Monkey with a Pin: Why you may be missing 6% a year from your investment returns (Kindle Edition)This is a great investment book which in my view should be read by all new investors who aim to 'play the markets'. I wish I had been able to read it twenty years ago rather than having to learn many of the lessons in Monkey with a Pin the hard way.
A strength of the book is its detailed analysis of the horrifying costs levied by the financial services industry. There are also interesting chapters on the historical returns from cash and introductory descriptions of ETFs, Investment Trusts etc..
Although the book is written in very clear prose and is suitable for novice investors even experienced investors will learn a great deal from Monkey with a Pin.
The main message of the book is that stock picking by amateur investors is a losers game and that the internal costs of active funds are generally much higher than the quoted annual management charge.
I would rate the book in the same league as Winning the Losers Game, Smarter Investing and Index Investing for Dummies.