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"Peter Lynch, who produced an annual return of 29 percent during the years he ran the Fidelity Magellan Fund; legendary investors such as Bernard Baruch, Sir John Templeton, and Philip Fisher; and every one of dozens of other highly successful investors (and commodity traders) I've studied and worked with, all practice exactly the same mental habits as Buffet, Icahn, and Soros, without exception."--excerpt from Becoming Rich
Mark Tier is an Australian writer and businessman who has lived and worked in Hong Kong since 1977. Seven years ago he adopted the wealth-building secrets in this book, sold his business interests, and now lives solely from returns on his investments.
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November 17, 2008:
I rather suspect that candidate titles for this book were "The Master Investor" or "The 23 Winning Investment Habits" since both of these phrases are repeated throughout the book. Either of those titles would have made this book 'another one', but the name-dropping in the title gives it a unique angle.
I'm not sure that Warren Buffett and George Soros have as much in common as is implied at the outset, except they are both master investors. In fact, I think it is illuminating to see how two such different characters can succeed in the same game. The bottom line is that there are many ways to make money in the stock market providing you preserve your capital at all costs, only commit (and big) when your are damn sure you are right, and get out quick if you are wrong. Develop your own style, and learn from your own mistakes.
If I'm sounding a little critical, that's not the intention. This is one of the best investment / trading / speculation books I have read -- and I've read a lot!
I Also Recommend: Don'T Lose Money! (In The Stock Markets), Financial Trading Patterns.
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January 08, 2008: I can highly recommend this book to all fellow investors. It?s a wonderfully versatile book and the ?investor habits? Mark Tier has identified are transportable across all investment disciplines. This book can genuinely take the place of many in your investment library. It encapsulates all facets of investing and takes you step by step through a process which will result in an investment strategy tailor made for your own needs and personality.