All of us make mistakes, but, as Sir Winston Churchill once said, only the wise learn from them. What then can we learn from the mistakes of the world’s greatest investors?
That’s the question Michael Batnick asks in his new book, Big Mistakes: The Best Investors and Their Worst Moments. Even the most famous investors have dropped clangers; Warren Buffett, Bill Ackman, Jack Bogle, Ben Graham and John Maynard Keynes are among the legends whose mistakes the book analyses.
Michael is Director of Research at Ritholtz Wealth Management, one of America’s fastest-growing financial advice businesses, based in New York City. He also writes an excellent blog, The Irrelevant Investor.
I’ve just interviewed Michael for the last episode of the TEBI Podcast about his book, the secret to Ritholtz Wealth Management’s success and Evidence-Based Investing West, which opens in California on Sunday.
I’d like to thank Michael Batnick for his time, and also Regis Media for sponsoring this podcast.
I hope you’ll enjoy it, and, if you do, please subscribe to future episodes on iTunes, or on SoundCloud. Better still, why not write a review on iTunes? It will only take a few moments, and you really will be helping us in our mission to change the way the world invests.
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The Evidence-Based Investor is produced by Regis Media, a boutique provider of content and social media management to financial advice firms around the world. For more information, visit our website and YouTube channel, or email Sam Willet or Christina Waider.