Why Bad Things Happen to Good Investments
Book: Why Bad Things Happen to Good Investments
Why Bad Things Happen to Good Investments is a 2018 book aimed at the individual investor. It is written by William Hepburn, an off Wall Street leader in the investment industry.
Overview
This book looks at the investment creed, buy low, sell high as a two part goal in which one must sell at some point to be successful, which is also the one thing Wall Street discourages investors from ever doing. It gives readers practical information about how to know when to sell so they can better protect themselves from the relentless cycles in the stock markets.
The author shows that the most popular investment style, buy and hold, works fine, but only about half the time, so it should never be used alone, but should be backed up with strategies that adapt to changing markets.
Why Bad Things Happen to Good Investments shows why faithfully following traditional advice can lead to investors holding onto investments long after the market cycles have turned against them.
This book is not at all kind to Wall Street institutions, exposing how the industry's structural problems prevent it from best serving individual investors, and how institutions often bet against individuals.
Later chapters describe four investment strategies that anyone can use, and shows investors how to defend an investment using stop-loss sell triggers.
The book provides investment information that can be used by anyone to reduce their losses and hold on to their gains.
Quotes “Proactive management strategies can tell you how to adapt to changes in the market when your investments get off on track, which from my perspective is a heck of a lot better than just wringing my hands and waiting for the market to recover.”[1]
“Proactive investing is an all-weather form of investing. But you need to be the one to decide when it is time to come in out of the rain.”[2]
“…the huge dollars involved in Wall Street support the most polished PR machine the world has ever known that spits out relentless waves of propaganda all reinforcing what they want you to do - be passive with your investments so they can bet against you when they please.”[3] Images
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