Reddit reviews Triumph of the Optimists: 101 Years of Global Investment Returns
We found 5 Reddit comments about Triumph of the Optimists: 101 Years of Global Investment Returns. Here are the top ones, ranked by their Reddit score.
Used Book in Good Condition
Thank me later:
https://www.amazon.com/Triumph-Optimists-Global-Investment-Returns/dp/0691091943
There's a great book called the Triumph of the Optimists and there's an extremely curtailed summary of it available in pdf form online.
I'd recommend the full book
here's the pdf
http://www.econ.uniurb.it/materiale/2781_triumph_of_the_optimists.pdf
edit: here's the book
http://www.amazon.com/Triumph-Optimists-Global-Investment-Returns/dp/0691091943/
100% in the S&P 500 (SPY) if your investment timeframe is longer than 10 years. And don't look at it until you are within 5 years of retirement.
If you want to research this strategy, this book does the trick. It actually is one of the best performing investment strategies in the history of finance.
Yes. Triumph of the Optimists.
https://www.amazon.com/Triumph-Optimists-Global-Investment-Returns/dp/0691091943
This book has pretty graphs of 100 years of various investment returns that drives the point home.
Put a little bit of money each month in a low cost index fund and never sell. The second part is very hard because it requires psychological discipline. The market will go down by 40% or more in a single year a few times in our life time. Invest some money in a gym membership and work out everyday to build discipline through stress. Pick up a combat sport to experience the difficulties of being rational under stress. Go backpacking alone so you can experience being rational under solitude. These things will always make you live longer, so you can have more time to spend money rather than dying early.
Basically returns on risky assets grows faster than wedges but the rich never just get richer. This is because it is very difficult, if not impossible to maintain composure during a market crash. People always sell out at the bottom and buy at the top. Passive investing is very difficult. Example, education enrollment increase during recession while fund outflows increase. People always do the wrong thing at the wrong time. This is why wages is a much better source of income for most people.