Heads I win, tails I win: why smart investors fail and how to tilt the odds in your favor

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INVESTING IS ONE OF THE FEW AREAS IN LIFE WHERE EVEN VERY SMART PEOPLE LET HOPE TRIUMPH OVER EXPERIENCE
 
According to Wall Street Journal investing colum­nist Spencer Jakab, most of us have no idea how much money we’re leaving on the table—or that the average saver doesn’t come anywhere close to earning the “average” returns touted in those glossy brochures. We’re handicapped not only by psychological biases and a fear of missing out, but by an industry with multimillion-dollar marketing budgets and an eye on its own bottom line, not yours.
 
Unless you’re very handy, you probably don’t know how to fix your own car or give a family member a decent haircut. But most Americans are expected to be part-time fund managers. With a steady, livable pension check becoming a rarity, we’ve been entrusted with our own finances and, for the most part, failed miserably.
 
Since leaving his job as a top-rated stock ana­lyst to become an investing columnist, Jakab has watched his readers—and his family, friends, and colleagues—make the same mistakes again and again. He set out to evaluate the typical advice people get, from the clearly risky to the seemingly safe, to figure out where it all goes wrong and how they could do much better.
Blending entertaining stories with some sur­prising research, Jakab explains
 
·How a typical saver could have a retirement nest egg twice as large by being cheap and lazy.
·Why investors who put their savings with a high-performing mutual fund manager end up worse off than if they’d picked one who has struggled.
·The best way to cash in on your hunch that a recession is looming.
·How people who check their brokerage accounts frequently end up falling behind the market.
·Who isn’t nearly as good at investing as the media would have you think.
 
He also explains why you should never trust a World Cup–predicting octopus, why you shouldn’t invest in companies with an X or a Z in their names, and what to do if a time traveler offers you eco­nomic news from the future.
 
Whatever your level of expertise, Heads I Win, Tails I Win can help you vastly improve your odds of investment success.
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ISBN:
9780399563201
9781469035321
9780399563218
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Grouping Information

Grouped Work IDa00858f0-99ae-5788-1e65-3095bb587ee0
Grouping Titleheads i win tails i win why smart investors fail and how to tilt the odds in your favor
Grouping Authorspencer jakab
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2022-12-06 03:40:40AM
Last Indexed2022-12-06 04:05:40AM

Solr Fields

accelerated_reader_point_value
0
accelerated_reader_reading_level
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auth_author2
Pratt, Sean
author
Jakab, Spencer
author2-role
Pratt, Sean,narrator
hoopla digital
author_display
Jakab, Spencer
detailed_location_aurora
Central
display_description
INVESTING IS ONE OF THE FEW AREAS IN LIFE WHERE EVEN VERY SMART PEOPLE LET HOPE TRIUMPH OVER EXPERIENCE
 
According to Wall Street Journal investing colum­nist Spencer Jakab, most of us have no idea how much money we’re leaving on the table—or that the average saver doesn’t come anywhere close to earning the “average” returns touted in those glossy brochures. We’re handicapped not only by psychological biases and a fear of missing out, but by an industry with multimillion-dollar marketing budgets and an eye on its own bottom line, not yours.
 
Unless you’re very handy, you probably don’t know how to fix your own car or give a family member a decent haircut. But most Americans are expected to be part-time fund managers. With a steady, livable pension check becoming a rarity, we’ve been entrusted with our own finances and, for the most part, failed miserably.
 
Since leaving his job as a top-rated stock ana­lyst to become an investing columnist, Jakab has watched his readers—and his family, friends, and colleagues—make the same mistakes again and again. He set out to evaluate the typical advice people get, from the clearly risky to the seemingly safe, to figure out where it all goes wrong and how they could do much better.
Blending entertaining stories with some sur­prising research, Jakab explains
 
·How a typical saver could have a retirement nest egg twice as large by being cheap and lazy.
·Why investors who put their savings with a high-performing mutual fund manager end up worse off than if they’d picked one who has struggled.
·The best way to cash in on your hunch that a recession is looming.
·How people who check their brokerage accounts frequently end up falling behind the market.
·Who isn’t nearly as good at investing as the media would have you think.
 
He also explains why you should never trust a World Cup–predicting octopus, why you shouldn’t invest in companies with an X or a Z in their names, and what to do if a time traveler offers you eco­nomic news from the future.
 
Whatever your level of expertise, Heads I Win, Tails I Win can help you vastly improve your odds of investment success.
format_aurora
Book
eAudiobook
eBook
format_category_aurora
Audio Books
Books
eBook
id
a00858f0-99ae-5788-1e65-3095bb587ee0
isbn
9780399563201
9780399563218
9781469035321
itype_aurora
Book
last_indexed
2022-12-06T11:05:40.005Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
local_callnumber_aurora
332.6 Jak
owning_library_aurora
Aurora Public Library
owning_location_aurora
Central
primary_isbn
9780399563201
publishDate
2016
publisher
Ascent Audio
Penguin Publishing Group
Portfolio/Penguin
recordtype
grouped_work
subject_facet
Finance, Personal
Investments
title_display
Heads I win, tails I win : why smart investors fail and how to tilt the odds in your favor
title_full
Heads I Win, Tails I Win Why Smart Investors Fail and How to Tilt the Odds in Your Favor
Heads I win, tails I win : why smart investors fail and how to tilt the odds in your favor / Spencer Jakab
Heads I win, tails I win : why smart investors fail and how to tilt the odds in your favor [electronic resource] / Spencer Jakab
title_short
Heads I win, tails I win
title_sub
why smart investors fail and how to tilt the odds in your favor
topic_facet
Business
Finance
Finance, Personal
Investments
Nonfiction

Solr Details Tables

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record_details

Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
hoopla:MWT12161494eAudiobookAudio BooksUnabridgedEnglishAscent Audio20161 online resource (1 audio file (8hr., 30 min.)) : digital.
ils:.b18068327BookBooksEnglishPortfolio/Penguin[2016]vi, 280 pages : illustrations ; 24 cm.
overdrive:ed319814-e626-4d81-b4bf-52d4b334b676eBookeBookEnglishPenguin Publishing Group2016

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hoopla:MWT12161494Available OnlineAvailable Onlinefalsetruefalsefalsefalsefalse
ils:.b18068327.i23452316Checked OutChecked Outfalsefalsetruefalsefalsetrue0, 1, 3, 20, 4, 5, 6, 7, 8, 11
overdrive:ed319814-e626-4d81-b4bf-52d4b334b676-1Available OnlineAvailable Onlinefalsetruetruefalsefalsefalse