Warren Buffett, and George Soros all started with nothing. They’re the world’s richest investors — and they built their billion-dollar fortunes solely by investing.
Was it luck? Something in their genes? Connections and “insider information” that the average investor can’t get?
NO! says Mark Tier in this path-breaking book. He discovered that — despite their radically different investment styles — they both practice exactly the same mental habits and strategies religiously. What’s more, Peter Lynch, Benjamin Graham, Sir John Templeton, Bernard Baruch, and all the other successful investors and traders he has studied and worked with follow them too. Without exception.
Their mental habits and strategies fly in the face of the conventional Wall Street “wisdom.” For example:
► Buffett and Soros don’t diversify. When they buy they always “buy as much as they can.”
► Both will tell you that making predictions about the market or the economy has virtually nothing to do with their success.
► They’re not focused on the profits they expect to make. Indeed, they’re not investing for the money at all.
► They don’t believe that to make big profits you must take big risks. Indeed, they are far more focused on not losing money than on making it.
► Their beliefs about what makes markets tick are amazingly similar — and diametrically opposed to academic theories like the “Efficient Market Hypothesis” and the “Random Walk” which they both view with contempt.
► And all those research reports that Wall Street churns out — they never read them. They don’t give a hoot what other people think.
In identifying the winning investment habits that led the world’s richest investors to phenomenal success, Mark Tier has uncovered for the first time the habits that ALL successful investors share.
What’s more, every one of these winning habits is something you can easily learn yourself.
And it makes no difference whether you look for stock market bargains like Warren Buffett, trade currency futures like George Soros, invest in real estate, antiques or collectibles, use technical analysis, buy on dips or buy on breakouts, use a computerized trading system — or just want to salt money away safely for a rainy day. Adopt the winning investment habits of the world’s richest investors and you too can make more money more easily than you ever thought possible.
“This book is based on a stunningly simple, but highly intelligent and effective idea: Analyze the methods of Buffett and Soros–probably the two most successful investors of our time–and see exactly why they're so successful. Tier’s approach is especially valuable because Soros’s and Buffett’s methods are often so different–yet, as Tier shows, the keys to their success are amazingly similar. Great book – something I rarely say about this genre.” — Doug Casey, editor, International Speculator
“Mark Tier’s mapping of investment genius is simply masterful — clean and true. What lifts his book even further above the rest, though, is his infectious delight in discovery and clarity of explanation as he hands you the attitudinal and behavioral keys to becoming the consummate investor.” — David Gordon, author, Expanding Your World: Modeling the Structure of Experience
“Tier has written an excellent book. His chapter on exit strategies alone (knowing when to sell even before you buy) is worth the price of the book.” — Dr. Mark Skousen, editor, Forecasts & Strategies