Episode#23 – Die Kunst, über Geld nachzudenken

Die Kunst, über Geld nachzudenken

by André Kostolany

 

The book in one sentence

André Kostolany’s dos and don’ts of stock investments.

 

My personal opinion

Another book I really enjoyed! André Konstolany tells a lot of personal stories from his life. That makes the book very entertaining. It is also written in a simple style. So even me who just started to get some more knowledge about stocks and investments got everything from Konstolany’s best practices.

Especially, I like the 10 dos and don’ts at the end of the book. They are a great summary of his most important lessons.

 

To whom I would recommend this book

The book is a nice entry point to get some best practices if you want to invest your money in stocks. Also, if you are interested in the psychology of people buying and selling stocks, this book has some nice stories for you. The book will prepare you for some more complex literature.

 

What I learned from this book

  • “Money is like sea-water: The more we drink the thirstier we become.” – Arthur Schoppenhauer
  • You have to invest and take risks if you want to become really wealthy. Make yourself independent!
  • In 100 cases, a successful speculator wins 51 times and fails 49 times. But every failure is a gain of knowledge.
  • Look ahead. See more than what is directly in front of you.
  • The most important attitude you need at the stock exchange is patience.

 

Want to read this book?

Check it out on Amazon.com – Die Kunst, über Geld nachzudenken by André Kostolany

 

Publisher

Thanks to the publisher for printing such a great book!

ullstein