Saturday, January 30, 2021

Investing: The last Liberal Art ~ Robert G. Hagstrom

 This book explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. He discusses, for instance, how the theory of evolution disrupts the notion of the efficient market and how reading strategies for literature can be gainfully applied to investing research. Building on Charlie Munger's famous "latticework of mental models" concept, he argues that it is impossible to make good investment decisions based solely on a strong knowledge of (Modern) finance theory.

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