About this source
A book about how the world's best investors get it wrong and still make millions, focusing on the importance of execution in investing.
Frameworks extracted
28 totalMINDmonths
The Connoisseurs' Approach
Invest for the long haul
MINDongoing
The Connoisseur's Approach
Ride winners and trim losers
FINmonths
The House Money Effect
View profits as 'house money'
MINDmonths
The Raiders Framework
Snatching at Treasure
MINDmonths
The Hunter's Approach
Invest big, follow up
MINDmonths
The Hunters' Framework
Buy more, not less
MINDmonths
The Break-Even Effect
Avoid risk-seeking behavior after a loss
MINDmonths
The Assassins' Rule 2: Kill Losers After a Fixed Amount of Time
Sell losers quickly
MINDmonths
The Assassins' Rule 1: Kill Losers
Cut losses quickly
MINDmonths
The Assassins' Framework
Cut losses, let winners run
FINweeks
The Ambiguity Aversion Framework
Fear of the unknown
FINmonths
The Reflexivity Framework
Markets shape reality
MINDmonths
The Seek Out Opposition Framework
Seek out diverse perspectives and consider alternative viewpoints
MINDmonths
The Remember There is a Difference Between Being Right and Making Money Framework
Avoid prioritizing being right over making money
MINDmonths
The Don't Be Hasty to Jump In Framework
Avoid being overly eager to invest
MINDmonths
The Don't Go All In Framework
Avoid putting too much money into a single investment
MINDmonths
The Sell or Buy More Framework
Take action when faced with a losing investment
MINDmonths
The Gambler's Fallacy Framework
Avoid being driven by the belief that a stock is due for a win
MINDmonths
The Too Big to Fail Framework
Avoid being overly attached to large investments
MINDmonths
The Self-Attribution Bias Framework
Avoid blaming external factors
MINDmonths
The Ego Framework
Avoid being driven by ego
MINDmonths
The Pull of the Crowd Framework
Avoid groupthink
MINDmonths
Endowment Bias
Overvaluing what you own
MINDmonths
Anchoring Bias
Stuck on the first piece of information
MINDmonths
Primacy Error
First impressions matter
MINDmonths
NaFF-Bee (Narrative Fallacy Framing Bias)
Storytelling bias
MINDmonths
The Loser's Checklist
5 habits of unsuccessful investors
MINDmonths
The Winner's Checklist
5 habits of investment titans