STREET DOGS
Highs and lows of reading
In order to be a good investor, you have to read – a lot. But that comes with a warning
In order to be a good investor, you must actually read. You must read more than Facebook posts, Twitter feeds, and the front-page bullet points of The Wall Street Journal. You cannot be a good investor if you rely on watching CNBC and listening to a few pundits tell you their hot picks of the day. Making smart investments requires a tremendous commitment to thoroughly educating yourself, which de facto means you must read tons of books, magazines and journals, and have thoughtful discussions with a wide range of people … it requires a mixture of certain habits of mind. You need to foster imagination, thoroughly understand the origins of past ideas.… Being a great investor requires one to be broadly well educated and naturally curious so that you can see connections across numerous and potentially disparate bodies of knowledge. If you’ve been putting off reading books until after you’re wealthy and you have plenty of time, I think you’re getting it exactly wrong. Reading books is a w...
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