Unlock Now Odds On: The Making Of An Evidence-Based Investor Composed By Matt Hall Available As Paperback
book could have been a blog with the conclusion that index funds are good and even within those, it's better to pick small cap, momentum or other anomalies for generating alpha rather than choosing active investing.
That's all it is in thispage book, Rest is all padding ! This book mostly an autobiography where there author talks about his investing career and his path to Evidence Based Investing.
The last couple of chapters really get to the heart of what Evidence Based Investing is: targeting specific securities within an asset class instead of broad index funds, while limiting costs and staying diversified.
The author describes how he uses data to pick the best stocks within an asset class instead of just using popular index funds.
It's like taking index funds to the next level, I like how the author compares this investment strategy to the Moneyball idea in baseball, I don't know. I read this book to try to understand investment logic, Lots of personal history before getting to the bottom line and then the bottom line seemed pretty selfevident, When is intuition and guesswork ever better than using an evidencebased approach Finally!
I love the personal journey approach to this investment book.
I finally made it all the way through an investment book and didn't have to add it to my halfcomplete pile of reads.
This book is easy to read and approachable for readers of all backgrounds, Thank you for considering the industry outsiders when writing! Interessante ideeën, tussen een heel Amerikaans en anekdotisch verhaal, Voornamelijk biografisch, deels informatief. Leest wel snel en ik heb zeker bijgeleerd, Great read. Good storyline and story telling, Not your typical prescriptive fare on investing, The author shares his personal journey from wall street to main street investor interwoven while introducing unlikely mentors and new friends, He finds enlightenment and success despite personal setbacks, He also presents a convincing case for evidencebased investing, which leaves much more time for meaningful life pursuits, The subtitle sounds very businessy, but this is really just a personal story, The book talks a lot about the author's journey in life, The book offers lots of advice from his dad scattered throughout the book, When he quit law school, the author's dad pointed him in the right direction by saying, “I know you're passionate about two things.
You love financial markets and investments, and you're really into golf, We know that you're not going to win the British Open, so what about finding a job in finance” which is so classic.
I love parents who tell it like it is, He also says, “Surround yourself with smart people and learn something valuable, ”
The author wrote beautifully and openly about his battle with leukemia the diagnosis, the notknowing, and the treatment, He shared everything he learned during the process, especially about the way the doctors handled his treatment, I hate to say that the worst part of his life was almost the best part of the book, mostly because of his openness and willingness to share and the lighthearted tone he used throughout the book.
To listen to my interview with the author, go to my podcast at:
sitelink com/transcript/mat Matt Hall provides an excellent and concise intro to evidencebased investing or passive investing, delivered with a personal touch based on his experience starting his career in a hardsell environment pushing poor investments.
It's great to read about someone who's approach to investment advice in grounded in sincerely caring about his clients' needs and goals, "Manifesto" is a word used elsewhere to describe Hall's bookand it fits, Hall is emphatic, excited, maybe even evangelistic, about the strengths of what should be obviousresearch and evidence are necessary to determining whether an investment is likely to work.
Bonus: the book is meant for everyone to read, meaning that readers don't have to wade through graphs, charts, formulas, etc,
As an aside, I was a recent financial investment conference when someone stood up and said that money managers should go with X active investment because it performed so well last year.
I immediately thought of a comment Hall madejust because X active investment performed well last year doesn't indicate that it will do so again this or next year.
Without further data, we don't even know how well it did two years or more before, Read Odds On, and then perk up your ears when you hear about unproven and/or investment strategies and vehicles, You'll get better returns on your investments in the longterm, I won this book through Goodreads, I enjoyed this personal story of investing, Gave some points at least for me to start from, A story with a lesson
The author tells his story and along the way, you learn about investing, This is an excellent book for those just beginning to think about investing as well as those who are tired of the old way of investing.
Evidence Is the Key to Investment Success
Odds On: The Making of an EvidenceBased Investor isnt just another investment advice book.
Its a memoir, a manifesto, and a guide to the way investing should be, Odds On describes author Matt Halls role in an ongoing revolution in the investment world: the shift from a traditional salesdriven, activemanagement model to a model that draws on academic evidence to better serve the real interests of investors.
Matts story begins with
his first exposure to Wall Street, where he becomes disillusioned with the traditional investing model due to its inability to truly help clients.
He stumbles into the emerging evidencebased investing world, and learns how to help investors reach their goals through methods that reflect the limits of our abilities to predict which investments will deliver the highest returns.
Matts unique approach to investing is built on a dual foundation of knowledge and purpose: knowledge gained through evidencebased strategies involving research, data, and logic, and purpose gained by personal reflection on what money and success truly mean.
In Odds On, Matts storytelling makes financial topics truly relevant and easy to understand, while his investment philosophy offers readers a chance to move beyond decisions based on anxiety and confusion, and manage wealth in ways that lead to greater success and a richer life.
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