A Wealth of Common Sense Buchzusammenfassung - das Wichtigste aus A Wealth of Common Sense
Einleitung anhören
00:00

Zusammenfassung von A Wealth of Common Sense

Ben Carlson

Why Simplicity Trumps Complexity in Any Investment Plan

4.1 (140 Bewertungen)
14 Min.

Kurz zusammengefasst

A Wealth of Common Sense by Ben Carlson is an insightful dive into investing strategies and financial lessons. It teaches the importance of simplicity, planning for the long-term, and avoiding common mistakes made in investment decisions.

Inhaltsübersicht

    A Wealth of Common Sense
    in 6 Kernaussagen verstehen

    Audio & Text in der Blinkist App
    Kernaussage 1 von 6

    Investors aren’t all equal.

    Ever toy with the idea of adopting the same investment strategy as a filthy-rich company? Even if it was risky and complicated, it worked for them. Why shouldn’t it work for you, too? Well, for a number of reasons! Institutional investors face very different conditions to individual investors like you.

    First of all, trading is less expensive for institutional investors. Why? Their size gives them the leverage they need to negotiate lower fees when dealing with investment platforms. Secondly, institutions employ several professionals, even full-time staff members, to manage their portfolios on a day-to-day basis. This is something that most individual investors simply can’t afford.

    Not all institutional investors are created equal, either. The amount of funds available differs widely, and so too do the deals they get into as a result. Take Yale University. Yale’s endowment fund enjoys hundreds of millions of dollars in grants and donations annually. All of this is managed by chief investment officer David Swensen. So far, Swensen has done a great job. With 14 percent gains every year since the mid-1990s, Swensen’s portfolio management style is widely admired, and even earned its own name: the “Yale Model.”

    Most institutions can’t invest on the same massive scale as Yale. And only large-scale investors, like Yale, can afford the high minimum investments required to get into the funds that are so attractive because of their low management fees.

    Yale is not only a large-scale investor, but also a nonprofit. Nonprofits benefit from additional advantages that other investors can’t access. As a university, Yale has a perpetual time horizon. This means that there is no time limit on when an investment pays out. This is particularly handy because it means Yale is not obliged to restrict its strategy to short-term investments. Non-profits may also be exempt from paying taxes whereas a portfolio conducted on the same level by a private investor would face significant tax burdens.

    In short, the investment strategies of institutional giants won’t help you out much. To succeed as an individual investor, you’ll need to find your own path. Before you set out on your journey, let’s investigate a few common mistakes that you’d be wise to avoid.

    Du möchtest die gesamte Zusammenfassung von A Wealth of Common Sense sehen?

    Kernaussagen in A Wealth of Common Sense

    Mehr Wissen in weniger Zeit
    Sachbücher auf den Punkt gebracht
    Sachbücher auf den Punkt gebracht
    Kernaussagen aus Sachbüchern in ca. 15 Minuten pro Titel lesen & anhören mit den „Blinks”
    Zeitsparende Empfehlungen
    Zeitsparende Empfehlungen
    Titel, die dein Leben bereichern, passend zu deinen Interessen und Zielen
    Podcasts in Kurzform
    Podcasts in Kurzform Neu
    Kernaussagen wichtiger Podcasts im Kurzformat mit den neuen „Shortcasts”

    Worum geht es in A Wealth of Common Sense?

    A Wealth of Common Sense (2015) reveals how sound decisions can lead you to long-term success as an investor. These blinks provide the tips that every investor should know from the outset and explain how you can create a diverse, consistent strategy that will stand the test of time.

    Bewertung von A Wealth of Common Sense

    A Wealth of Common Sense (2015) by Ben Carlson is a valuable book for anyone interested in understanding personal finance and investment decisions. Here's why this book is worth reading:

    • Packed with practical, actionable advice, it helps readers navigate the complex world of finance and make informed decisions.
    • By combining relevant real-life examples and case studies, the book offers insightful perspectives on investing and avoiding common pitfalls.
    • The author's engaging storytelling keeps readers interested throughout the book, making it an enjoyable and informative read.

    Bestes Zitat aus A Wealth of Common Sense

    Large pools of capital get a foot in the door [of certain deals] simply for having so much money at their disposal.

    —Ben Carlson
    example alt text

    Wer A Wealth of Common Sense lesen sollte

    • Investors who have suffered since the financial crisis
    • New investors feeling a little lost
    • Readers unsure about whether they should start investing

    Über den Autor

    Ben Carlson is the director of institutional asset management at Ritholtz Wealth Management, specializing in financial planning and asset management. He’s also the blogger behind acclaimed site www.awealthofcommonsense.com, which provides vital information about wealth management, financial markets and investor psychology.

    Kategorien mit A Wealth of Common Sense

    Ähnliche Zusammenfassungen wie A Wealth of Common Sense

    ❤️ für Blinkist️️️ 
    Ines S.

    Ich bin begeistert. Ich liebe Bücher aber durch zwei kleine Kinder komme ich einfach nicht zum Lesen. Und ja, viele Bücher haben viel bla bla und die Quintessenz ist eigentlich ein Bruchteil.

    Genau dafür ist Blinkist total genial! Es wird auf das Wesentliche reduziert, die Blinks sind gut verständlich, gut zusammengefasst und auch hörbar! Das ist super. 80 Euro für ein ganzes Jahr klingt viel, aber dafür unbegrenzt Zugriff auf 3000 Bücher. Und dieses Wissen und die Zeitersparnis ist unbezahlbar.

    Ekaterina S.

    Extrem empfehlenswert. Statt sinnlos im Facebook zu scrollen höre ich jetzt täglich zwischen 3-4 "Bücher". Bei manchen wird schnelle klar, dass der Kauf unnötig ist, da schon das wichtigste zusammen gefasst wurde..bei anderen macht es Lust doch das Buch selbständig zu lesen. Wirklich toll

    Nils S.

    Einer der besten, bequemsten und sinnvollsten Apps die auf ein Handy gehören. Jeden morgen 15-20 Minuten für die eigene Weiterbildung/Entwicklung oder Wissen.

    Julia P.

    Viele tolle Bücher, auf deren Kernaussagen reduziert- präzise und ansprechend zusammengefasst. Endlich habe ich das Gefühl, Zeit für Bücher zu finden, für die ich sonst keine Zeit habe.

    Leute mochten auch die Zusammenfassungen

    4,7 Sterne
    Durchschnittliche Bewertung im App Store und Play Store
    30 Millionen
    Downloads auf allen Plattformen
    10+ Jahre
    Erfahrung als Impulsgeber für persönliches Wachstum
    Die besten Ideen aus den Top-Sachbüchern

    Hol dir mit Blinkist die besten Erkenntnisse aus mehr als 7.000 Sachbüchern und Podcasts. In 15 Minuten lesen oder anhören!

    Jetzt kostenlos testen

    A Wealth of Common Sense FAQs 

    What is the main message of A Wealth of Common Sense?

    The main message of A Wealth of Common Sense is that investing should be simple and focused on long-term results.

    How long does it take to read A Wealth of Common Sense?

    The reading time for A Wealth of Common Sense varies, but it typically takes several hours. The Blinkist summary can be read in just 15 minutes.

    Is A Wealth of Common Sense a good book? Is it worth reading?

    A Wealth of Common Sense is worth reading for its practical insights and straightforward approach to investing.

    Who is the author of A Wealth of Common Sense?

    The author of A Wealth of Common Sense is Ben Carlson.

    What to read after A Wealth of Common Sense?

    If you're wondering what to read next after A Wealth of Common Sense, here are some recommendations we suggest:
    • Warren Buffett's Ground Rules by Jeremy C. Miller
    • Charlie Munger by Tren Griffin
    • Buffett by Roger Lowenstein
    • Poor Charlie's Almanack by Peter D. Kaufman
    • Big Mistakes by Michael Batnick
    • The Warren Buffett Way by Robert G. Hagstrom
    • The Compound Effect by Darren Hardy
    • The Behavioral Investor by Daniel Crosby
    • Effective Decision-Making by Edoardo Binda Zane
    • The End of Marketing by Carlos Gil