There are plenty of investment books out there - probably too many - but this is one is smarter and more orginal than most. Most of them are trying to sell some clever way of forecasting the market, or how to pay stocks on the cheap, and most of them are nonsense. Richards, who I was already familiar with from his blog, cuts through all that, and makes the point that you need to understand the way the market thinks, and what drives the people within it, before you have any chance of becoming a successful investor. He runs through the great booms and busts of the past and examines them with the eye of a psychologist as much as an economist. He is fairly pessimistic about the future - more so than most and it could be a samll flaw in book - but all things considered this is a first-rate introduction to a difficult subject.
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