Research Catalog

Title

Reasons to pass : a guide to making fewer and better investments / Ralph Birchmeier.

Author

Birchmeier, Ralph

Publication

New York : Columbia University Press, [2023]

Items in the Library & Off-site

Holdings

Details

Description

vi, 310 pages : illustrations; 24 cm

Summary

"In the business world, confidence is the personality trait correlated with the short-term success that often drives decisions. Confident managers become CEOs. Confident investors become portfolio managers and successfully gather assets. Yet confidence is illusory; it feels good but doesn't do the world's uncertainty justice. Accepting the world as it is -- ambiguous, confusing, and unpredictable -- requires one to rightsize their ego. Accepting this stimulates the use of society's least acceptable phrase, "I don't know." It fosters discovery and sometimes answers -- but quite often, acknowledgement that answers are out of reach. Too many investment books praise the confidence and conviction demonstrated by successful investors. Reasons to Pass is at its core a book that reminds us, professional and retail investors alike, to rightsize our egos. Only then can we optimize long-term decision making when building investment portfolios. The author aims to bring investing back to the basics, helping readers better navigate the complexities of investing, bringing clarity to the long-term elements of the process"--

Subject

• Investments
• Investments > Psychological aspects
• Confidence

Note

• Includes index.

ISBN

• 9780231207089
• 0231207085
• 9780231556804 (canceled/invalid)

LCCN

2022018678

OCLC

• on1315578474
• SCSB-14507080

Owning Institutions

Columbia University Libraries