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"Investing is not just the study of finance;
it is the study of how people behave with money"
HAVING A PLAN IS A STRATEGIC ADVANTAGE
The INVESTING OASIS lays out an investing roadmap as practised by the author professionally. The methodology is purposefully designed to capture investible advantages contrary to our emotional tendencies. No detail is spared.
Without a plan, no amount of data or gut instinct can make-up trying to follow a meandering, often chaotic, investment path. On the other hand, working with a plan provides guideliness, instills discipline, and builds conviction for every investment decision. Its not what you do during the calm markets that will make you money. Having a plan will help prepare for that next pull-back, correction or even a bear market when real performance can be generated.
Through 27 chapters and four tiers, an investor will learn progressively more powerful tools and effective ways to generate risk-measured investment returns on quality assets.
Note: The audio version does not include visual support documents. References for graphs, charts, diagrams, and lists are fully detailed only in the print and digital versions.
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And like most good expeditions,
there is a preferred route through the capital markets "desert".
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The "PATH"
...metaphorically refers to the more assured route amongst the asset categories where the rewards better align with the risks undertaken. Venturing off the beaten path in search of higher rewards, however, will introduce heightened volatility and a range of increasingly immeasurable risks, including political, legal, FX, liquidity, maturity, speculation, information opacity, and leverage, etc.
No matter an investor’s patience, investing into these higher reward/risk categories comes with more surprises and a lower probability for success. Market timing and luck trump skill. Better to hire a professional manager. So if time and compounding are to work in your favor, stay closer to "The Path". The expected returns per unit of volatility are substantially better, and the perpetually advancing market is more forgiving when you over-pay for quality.
When investing for the long-term,
why not follow a more assured path?