Big Money Thinks Small: Biases, Blind Spots, and Smarter Investing

by Joel Tillinghast Narrated by Barry Abrams

Overview

Investors are tempted daily with misinformation. They make lucky bets that breed false confidence, and their high-stakes gambles can take an emotional toll. How can anyone stay focused in such a volatile profession?



In Big Money Thinks Small, veteran fund manager Joel Tillinghast urges investors to act cautiously and follow five primary steps to successful investing: (1) know yourself; (2) make decisions based on your own knowledge; (3) select trustworthy and capable colleagues and collaborators; (4) avoid businesses that seem destined to fail; and (5) always search for bargains. Patience and methodical planning will pay far greater dividends than rash, bold investments. Through sensible instruction, Tillinghast teaches listeners how to ask the right questions in any investing situation and think objectively and generatively about portfolio management.

Editorial Reviews

Publishers Weekly

05/29/2017
Tillinghast, longtime manager of the Fidelity Low-Priced Stock Fund, gives sage advice on successful stock market investing in this informative manual. He acknowledges that investing is inherently unpredictable, but does have tips for avoiding common mistakes and increasing the odds in your favor. Some advice is fairly basic, such as his discussion of selecting reliable, ethical money managers, while other pointers are more complicated, such as the information he provides on learning to value stocks properly. Tillinghast addresses pertinent questions including how to anticipate and prepare for changes in a market. He also explores the fallibility of human judgment, later offering as contrast an inventory of the psychological traits of successful investors. One of the most cogent tips he offers is to only invest in businesses that you understand. By understand, Tillinghast means knowing what every segment of an industry does and how each one makes money. Written for investors at all levels, this practical, no-nonsense guide doesn’t provide specifics on where to invest but does empower readers to generate their own informed decisions. (Aug.)

MoneyWeek

[This book] is an intelligent guide to stock selection and investment that deserves a place on everyone's bookshelf, whether they work in the City or just want to find some shares to put into their Isa.

Seth A. Klarman

Tillinghast has built an outstanding investment record over three decades by being smart and disciplined. Now, all of us can benefit from his hard-won wisdom and perceptive insights, which are found on literally every page of this fine book.

Strictly Value

What could look like anecdotes and unrelated points come together to form a valuable approach to investing...it’s a collection of investment wisdom. I’ll certainly re-read many passages of this book over and over again. Highly recommended for seasoned investors.

David Kass

Tillinghast provides a very useful checklist of the required due diligence of investments, the tenets of value investing, the need to more carefully understand the culture and rule of law of foreign countries before investing in them, and how to stay within your circle of competence.

Bill Miller

For decades I have admired and learned from Joel Tillinghast’s extraordinary investment prowess. Whether you are a professional or an individual investor, you will be a better investor after reading and absorbing the wisdom in this book.

Money Week

Named one of the five best books of 2017

Investing.com

Tillinghast’s book is a cornucopia of investing wisdom, some acquired as a result of the inevitable mistakes, which he readily shares.

Product Details

BN ID:	2940171128418
Publisher:	Tantor Audio
Publication date:	03/20/2018
Edition description:	Unabridged

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