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0 pointsdeanmoriarty7y ago0 comments

Any book recommendation? I come from a "boglehead"-centric approach [1], stating that the market is so efficient that it's virtually impossible to beat it in the long term as a mere mortal, so one might as well just buy indexes and get the market return, hoping that in the long term capitalism will continue thriving. And that's what I've done, fully investing my high 6 figure (soon to be 7) liquid net worth into index funds.

The only exception to the rule would be if one has some sort of technical advantage (e.g. HFT infrastructures) or "insider" information.

Was curious to hear if you have any resources that in your opinion could make me change my stance? Thanks

[1] https://www.bogleheads.org/

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SirLJ7y ago

OK, here is one book for you: More Money Than God by Sebastian Mallaby

https://en.wikipedia.org/wiki/More_Money_Than_God

My message is this: do not settle for the average - everyone can be a doctor, lawyer, developer, speculator, you just need the drive and to put the hours...

Passive investing for me is a big mistake, because it ignores the risk management, especially for small accounts (less than few millions), people just cannot afford to be losing money for extended periods of time, just look into Japan's Economic Bubble and Nikkei index, every passive investor in it is still at about 50% loss for almost 30 years and counting...

To make money in the stock market, you have to have a system that makes money, not only on the way up, but on the way down as well... For me, personally, my money are too important to leave them to such a "buy and hope" investing strategy...

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