The Most Important Thing: Uncommon Sense for the Thoughtful Investor is an essential read for anyone interested in developing a robust, long-term investment strategy.
A Review of The Psychology of Money by Morgan Housel
If you’re ready to demystify your finances and take a calculated approach to wealth-building, Scott Galloway’s The Algebra of Wealth might just be the book you need to get started.
Michael Covel’s Trend Following explores the systematic strategy of capturing long-term price trends to achieve success across various market environments. Covel reveals how disciplined investment portfolio managers and traders focus on actual price movement rather than predictions, making the strategy adaptable and effective in up or down markets. With historical examples, including the successes of the Turtle Traders and figures like Ed Seykota, Covel demonstrates that trend-following relies on straightforward principles, such as identifying trends, controlling risk, and maintaining emotional discipline. A trend-following approach can result in asymmetric investment returns by aligning with market trends and capturing gains while managing risk effectively.