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Warren Buffett Invests Like a Girl: And Why You Should, Too by LOUANN LOFTON and TOM GARDNER
Table of Contents
Chapter 1 - Why Temperament
Matters Now More Than Ever
Chapter 2 - The Science Behind
the Girl
Chapter 3 - A Quick Intro to the
Oracle
Chapter 4 - Trade Less, Make More
Chapter 5 - Rein In
Overconfidence
Chapter 6 - Shun Risk
Chapter 7 - Focus on the
Positives of Pessimism
Chapter 8 - Research Extensively
Chapter 9 - Ignore Peer Pressure
Chapter 10 - Learn from Mistakes
Chapter 11 - Embrace Feminine
Influences
Chapter 12 - Maintain Consistently,
Persistent Results
Chapter 13 - Value People and
Relationships
Chapter 14 - Question the Masters
Chapter 15 - Act Fairly and
Ethically
Chapter 16 - Foolish Investing
Principles 101
Appendices
A Quick Guide Recapping the
Female Investor’s Temperament and What Buffett Can Teach Us
Interview with Value Investor
Lisa O’Dell Rapuano, CFA, Founder of Lane Five Capital Management
Interview with Value Investor
Lauren C. Templeton, Founder of Lauren Templeton Capital Management
Interview with Value Investors
Candace King Weir and Amelia Weir of Paradigm Capital Management
Interview with Value Investor
Bill Mann of the Motley Fool Independence Fund and the Motley Fool Great
America Fund
Further Reading: Books for Investors of All Levels Who Want to Learn More (Courtesy of Motley Fool Inside Value)
About the Book
This is a book for investors
about investing. It focuses on the factors that will best determine if you will
make or lose money and whether you’ll beat the market.
You might naturally assume, then,
that you’ll be reading about how to pick stocks—so that you buy GEICO instead
of Bank of America. How to evaluate a company’s profitability—so that you
invest in Steve Jobs’ Apple, not Donald Trump’s Trump Entertainment Resorts.
How to dig deep into a financial statement. How to find the next company poised
to rise 10, 20, or 100 times in value. But, no.
Instead, this book will analyze
what will make or break your performance as an investor—your brain, your
emotions, your personality. If you harness them, your investment returns will
lead you to financial freedom in the Foolish fields of opportunity. But if they
harness you, close your eyes because the chili won’t stop hitting the fan.
You’ll sell when you should’ve been buying. You’ll believe what you should have
doubted. You’ll shout while you should’ve been learning. You’ll trade when you
should always have been investing.
If you want to sustainably make
more and more money in the market—using common stocks or mutual funds—you’ll
have to learn how to master your temperament. A fine place to start is here, in
these pages, as LouAnn Lofton reveals how Warren Buffett parlayed the small
investments of a teenager into the largest and greatest investment portfolio in
human history.
It’s a worthwhile case study!
But up until now, the master’s
students have looked for his virtuosity mostly in the wrong places. They’ve
dreamed of complex variables while trying to unearth Buffett’s valuation
models. They’ve quizzed the inner circles of his inner circle and, without
discretion, have rooted through the most personal material of his life. They’ve
spent decades overlooking what matters most but, hey, at least they’ve tried!
Over on Wall Street, at the desks
of macho traders and salesmen, they ignore Buffett. These guys have done their
best to take the Triple Crown: (1) destroying investor portfolios, (2) sinking
the balance sheets of their employers, and (3) leveling the world economy. And
they’ve done it all in the name of big commission-driven bonuses. Their game is
not about investing, it’s about scalping profit while you take all the risk.
If you want to know how to make millions investing in stocks, just do the exact opposite of what’s on offer in the high-octane world of Wall Street, where men will be men, right up until they ask taxpayers to bail them out. Turn the page, dear Fool, and you will see what most of the world has overlooked or ignored. It’s simple, really: Warren Buffett invests like a girl.
About the Authors
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.
TOM GARDNER, along with his brother David, co-founded The Motley Fool, a multimedia financial education the company, in 1993. They have co-authored five books and oversee the award-winning website Fool.com (with approximately five million unique visitors per month); a nationally-syndicated newspaper column, carried by over two hundred papers; and fourteen premium investing services.
Female investors tend to:
1. Trade less than men do
2. Exhibit less overconfidence:
men think they know more than they do, while women are more likely to know what
they don’t know
3. Shun risk more than male
investors do
4. Be less optimistic, and
therefore more realistic, than their male counterparts
5. Put in more time and effort
researching possible investments, considering every angle and detail, as well
as considering alternate points of view
6. Be more immune to peer
pressure and tend to make decisions the same way regardless of who’s watching
7. Learn from their mistakes
8. Have less testosterone than men do, making them less willing to take extreme risks, which, in turn, could lead to less extreme market cycles.
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