Warren Buffett Invests Like a Girl: And Why You Should, Too
259
Warren Buffett Invests Like a Girl: And Why You Should, Too
259Paperback(Reprint)
-
PICK UP IN STORECheck Availability at Nearby Stores
Available within 2 business hours
Related collections and offers
Overview
Investing isn’t a man’s world anymore—and this provocative and enlightening book shows why that’s a good thing for Wall Street, the global financial system, and your own personal portfolio.
Warren Buffett and all of the women of the world have one thing in common: They are better investors than the average man. It’s been proved by psychologists and scientists, and the market calamities of the past two years have only provided more statistical and anecdotal evidence of the same. Here are just a few characteristics of female investors that distinguish them from their male counterparts.
• Women spend more time researching their investment choices than men do. This prevents them from chasing “hot” tips and trading on whims — behavior that tends to weaken men’s portfolios.
• Men trade 45% more often than women do, and although men are more confident investors, they tend to be overconfident. By trading more often — and without enough research — men reduce their net returns. But by trading less often, women get better returns and also save on transaction costs and capital gains taxes.
• A study by the University of California at Davis found that women’s portfolios gained 1.4% more than men’s portfolios did. What’s more, single women did even better than single men, with 2.3% greater gains.
• Women tend to look at more than just numbers when deciding whether to invest in a company. They invest in companies they feel good about ethically and personally. And companies with good products, good services, and ethics tend to have better long-term prospects — and face fewer lawsuits.
Women, with their capability for patience and good decision-making, epitomize the Foolish investment philosophy and the investment practices of the most successful investor in history: Warren Buffett. While men are brash, compulsive, and overly daring, women tend to be more studious, skeptical, and reasonable. This indispensable volume from the multimedia financial education company Motley Fool offers essential advice for every investor hoping to turn today’s savings into wealth for a better tomorrow.
Product Details
| ISBN-13: | 9780061727634 |
|---|---|
| Publisher: | HarperCollins |
| Publication date: | 04/24/2012 |
| Edition description: | Reprint |
| Pages: | 259 |
| Sales rank: | 659,190 |
| Product dimensions: | 5.34(w) x 7.82(h) x 0.68(d) |
About the Author
LouAnn Lofton has been with The Motley Fool since January 2000, first as a writer, then as the managing editor for online content. She lives in New Orleans, Louisiana.
Table of Contents
Foreword ix
1 Why Temperament Matters Now More Than Ever 1
2 The Science Behind the Girl 17
3 A Quick Intro to the Oracle 37
4 Trade Less, Make More 47
5 Rein in Overconfidence 55
6 Shun Risk 63
7 Focus on the Positives of Pessimism 69
8 Research Extensively 75
9 Ignore Peer Pressure 85
10 Learn from Mistakes 99
11 Embrace Feminine Influences 109
12 Maintain Consistent, Persistent Results 117
13 Value People and Relationships 123
14 Question the Masters 135
15 Act Fairly and Ethically 141
16 Foolish Investing Principles 101 147
Appendices 171
A Quick Guide Recapping the Female Investor's Temperament and What Buffett Can Teach Us 173
Interview with Value Investor Lisa O'Dell Rapuano, CFA, Founder of Lane Five Capital Management 177
Interview with Value Investor Lauren C. Templeton, Founder of Lauren Templeton Capital Management 198
Interview with Value Investors Candace King Weir and Amelia Weir of Paradigm Capital Management 208
Interview with Value Investor Bill Mann of the Motley Fool Independence Fund and the Motley Fool Great America Fund 225
Further Reading: Books for Investors of All Levels Who Want to Learn More (Courtesy of Motley Fool Inside Value) 234
Acknowledgments 239
Notes 243
Index 253
What People are Saying About This
“A well-written, sound investment book....[A] fine, readable book which is of real practical help to investors.”
“Lofton’s BFF-style advice is fun to read and well-worth taking, whether your chromosomes are XX or XY.”
“At last, The Motley Fool hits on the real “secret to success” that dozens of other books on Warren Buffett have overlooked - temperament. A witty, well-researched roadmap.”
“Through this refreshingly new approach to understanding Buffett, Lofton convincingly argues that both men and women can improve their stock returns by studying how women (and Buffett) have been more successful in investing.”
“Before reading Warren Buffett Invests Like a Girl, I thought that I had studied Warren Buffett from nearly every angle. LouAnn Lofton offers a new perspective on Buffett’s investment success.”
“You’ll have to read her book to see the criteria she used, but I’d say I probably plead guilty.”