Heads I Win, Tails I Win by Spencer Jakab audiobook

Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor

By Spencer Jakab
Read by Lloyd James  and Sean Pratt

Gildan Media 9781469034935

Unabridged

Format : Library CD (In Stock)
  • ISBN: 9798200557172

  • ISBN: 9798200557165

  • ISBN: 9798200557189

Runtime: 8.50 Hours
Category: Nonfiction/Business & Economics
Audience: Adult
Language: English

Summary

Summary

INVESTING IS ONE OF THE FEW AREAS IN LIFE WHERE EVEN VERY SMART PEOPLE LET HOPE TRIUMPH OVER EXPERIENCE According to Wall Street Journal investing colum­nist Spencer Jakab, most of us have no idea how much money we’re leaving on the table—or that the average saver doesn’t come anywhere close to earning the “average” returns touted in those glossy brochures. We’re handicapped not only by psychological biases and a fear of missing out, but by an industry with multimillion-dollar marketing budgets and an eye on its own bottom line, not yours. Unless you’re very handy, you probably don’t know how to fix your own car or give a family member a decent haircut. But most Americans are expected to be part-time fund managers. With a steady, livable pension check becoming a rarity, we’ve been entrusted with our own finances and, for the most part, failed miserably. Since leaving his job as a top-rated stock ana­lyst to become an investing columnist, Jakab has watched his readers—and his family, friends, and colleagues—make the same mistakes again and again. He set out to evaluate the typical advice people get, from the clearly risky to the seemingly safe, to figure out where it all goes wrong and how they could do much better. Blending entertaining stories with some sur­prising research, Jakab explains ·How a typical saver could have a retirement nest egg twice as large by being cheap and lazy. ·Why investors who put their savings with a high-performing mutual fund manager end up worse off than if they’d picked one who has struggled. ·The best way to cash in on your hunch that a recession is looming. ·How people who check their brokerage accounts frequently end up falling behind the market. ·Who isn’t nearly as good at investing as the media would have you think. He also explains why you should never trust a World Cup–predicting octopus, why you shouldn’t invest in companies with an X or a Z in their names, and what to do if a time traveler offers you eco­nomic news from the future. Whatever your level of expertise, Heads I Win, Tails I Win can help you vastly improve your odds of investment success.

Editorial Reviews

Editorial Reviews

“About once a decade a fun-to-read book comes out with good practical advice for investors. This book is it. It gets across the important points that investors need to know without being dry or dull. It is destined to become an investment classic along the lines of A Random Walk Down Wall Street.” James Angel, professor of finance, Georgetown University

Reviews

Reviews

Author

Author Bio: Spencer Jakab

Author Bio: Spencer Jakab

SPENCER JAKAB writes for and edits the Heard on the Street col­umn for The Wall Street Journal and previously wrote its daily investing column, “Ahead of the Tape.” He has also written about investing for the Financial Times, Barron’s, and Dow Jones News­wires. Prior to becoming a journalist, he was a top-rated stock analyst covering emerging markets at Credit Suisse.

Titles by Author

Details

Details

Available Formats : CD, Library CD, MP3 CD
Category: Nonfiction/Business & Economics
Runtime: 8.50
Audience: Adult
Language: English