tailieunhanh - The Elements of Investing by Burton G. Malkiel and Charles D. Ellis Dec 14, 2009_1

Tham khảo tài liệu 'the elements of investing by burton g. malkiel and charles d. ellis dec 14, 2009_1', tài chính - ngân hàng, tài chính doanh nghiệp phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | INTRODUCTION In 100 years of study and experience here are the Elements of Investing we wish we d always known. Experience may well be the best teacher but the tuition is very high. Our objective is to provide individual investors including our delightful grandchildren the basic principles for a lifetime of financial success in saving and investing all in 176 pages of straight talk that can be read in just two hours. There are many good books about investing. Indeed we ve even written a few ourselves. But most investing books run to 400 pages or more and go into complex details that tend to overwhelm normal people. 52 for Burt and 48 for Charley. xvii Introduction Ifyou re like most people you have neither the patience nor the interest to plow through that much detail. You want to get the main things right. Still having unbiased information about financial decision making and avoiding costly investing errors is critically important. That s why we present the most important lessons in this easy-to-read jargon-free little book. If you happen to be familiar with William Strunk Jr. and E. B. White s classic book The Elements ofStyle you will recognize one of the original sources of inspiration for this book and why we are so brief. If you are unfamiliar with Strunk and White don t worry. All you need to know is that they whittled down the art of powerful writing to a few basic rules of usage and composition. In less than 92 pages they shared everything about writing that truly mattered brevity and precision became instant virtues. Strunk and White s wafer-thin classic has chugged along for decades. No doubt it will outlive us all. We now dare state our goal on the equally important topic of investing. How surprising to us that everything of importance on such a heady topic can be reduced to rules you can count on one hand. Yes investing can be that simple if your brain remains unclouded with taxing complexities. These rules will truly make a difference. .