30 Jan Book Review – A Wealth of Common Sense: Why Simplicity Trumps Complexity in Any Investment Plan
Many of the investment books available these days are so fraught with unnecessary complexity and industry jargon, that many investors are either too confused or too intimidated to make wise investment decisions. There is an assumption that complex systems such as financial markets must require complex investment strategies and organisations to succeed. This is a false premise that far too many people, both inside and outside of the industry, have come to believe.
This book by investment author and commentator Ben Carlson distils the main investing ideas into simple, practical steps. Carlson explores the issues you should pay attention to, as opposed to those that are used as an illusion of intelligence and control.
Drawing from his career in portfolio management, during which he worked with complex and sophisticated portfolio strategies, Carlson reveals the secret of using basic common sense as you invest in the financial markets. He effortlessly bridges the gap between sophistication and simplicity. A Wealth of Common Sense helps all investors to make more informed decisions. It advocates using sound thinking as a guiding framework, to help alleviate some of the lasting damage from the market crises.
The book has an American undertone, but this doesn’t detract from the vital lessons for investors in the UK and around the world!