The Psychology of Money - An Investment Manager\'s Guide to Beating the Market

166 THE CREATIVE INVESTMENT TEAM physicist David Bohm and Fifth Discipline guru Peter Senge write about—is not a simple process. ...

How much did the NASDAQ stock market increase in 1999? How long is the Nile River? How many words are there in the English lang ...

168 THE CREATIVE INVESTMENT TEAM Now, imagine wiping the slate clean. What new ideas and strat- egies could you experiment with ...

169 CHAPTER 19 “C” Is for Change Gears Genius is eternal patience. —Michelangelo Patience is a necessary ingredient of genius. — ...

170 THE CREATIVE INVESTMENT TEAM The problem in the fast-paced investment world is that we get stuck in the closed mode. We are ...

necessarily smarter than other people; rather, he gave himself the chance to study a problem for a long time. In following his f ...

172 THE CREATIVE INVESTMENT TEAM Simple as it sounds, one key to higher creativity is slowing down. The consulting group that I ...

“Hmmm, maybe this isn’t a failure after all. We just need to look at it differently.” A simple personal example may demonstrate ...

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175 CHAPTER 20 “R” Is for Risking Discomfort Necessity is the mother of taking chances. —Mark Twain “R” is for risking discomfor ...

176 THE CREATIVE INVESTMENT TEAM Workshop participants sometimes resist when I tell them that creativity involves pain. Just lik ...

theme might be to peek at Warren Buffett’s holdings or the Janus fund’s (they are publicly available, after all) and then duplic ...

178 THE CREATIVE INVESTMENT TEAM gy and the NP magician or court jester energy. However, this bal- ance would have required acce ...

expense reduction and Wall Street loved it. The stock soared. More recently, though, as the market continues to reach new highs, ...

180 THE CREATIVE INVESTMENT TEAM Your investment loses 15 percent of its value in a market correction a month after you buy it. ...

The apartment building where you live is being converted to condominiums. You can either buy your unit for $80,000 or sell the ...

182 THE CREATIVE INVESTMENT TEAM Your longtime friend and neighbor, an experienced petro- leum geologist, is assembling a group ...

d) Sell the bonds, put all the money into hard assets, and borrow additional money to buy more. You’ve lost $500 at the blackja ...

184 THE CREATIVE INVESTMENT TEAM 21 to 35: You are an active investor, willing to take calculated, prudent risks to gain financi ...

185 CHAPTER 21 “O” Is for Omit Either/Or Thinking Evolution always transcends and includes, incorporates and goes beyond. —Ken W ...