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- Herausgeber: Business Book Summaries
- Kategorie: Fachliteratur
- Sprache: Englisch
The must-read summary of Gary Marks' book: "Rocking Wall Street: Four Powerful Strategies that Will Shake Up the Way You Invest, Build Your Wealth and Give You Your Life Back".
This complete summary of the ideas from Gary Marks' book "Rocking Wall Street" shows that a holistic approach to investment is more effective profit-wise and is less emotionally stressful. Do not let your portfolio run you! In his book, the author presents four strategies that will change the way you invest and give you long-term profits without fatal risk. This summary explains each of these strategies in detail and how you can implement them into your investment approach.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your investment knowledge
To learn more, read "Rocking Wall Street" and discover the four simple strategies that will help you to regain control of your investments.
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Seitenzahl: 37
Veröffentlichungsjahr: 2014
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Book Presentation: Rocking Wall Street by Gary Marks
Book Abstract
About the Author
Important Note About This Ebook
Summary of Rocking Wall Street (Gary Marks)
Book Presentation: Rocking Wall Street by Gary Marks
Book Abstract
MAIN IDEA
In devising your own personal investment strategy, it’s vital that you take a holistic whole-of-life perspective rather than the more narrow money making perspective Wall Street publicizes. From this holistic point-of-view, there are four main strategies which should be used to manage both your professional life and your investment portfolio:
“Safe and successful are two words that should never be separated when considering how to invest your money. Commit to creating a portfolio that hedges risk first and foremost, and that you never again succumb to gambling your money away – even if the reward seems great. You need to know how much is enough. Don’t be constantly interested in beating the stock market every year, or having more money than your richest friend or neighbor. As soon as you grasp this key principle, you allow yourself the freedom to look beyond the End Game and find out what else life has to offer.”
– Gary Marks
About the Author
GARY MARKS is founder and CEO of Sky Bell Asset Management, an asset management company with $300 million of capital under management. He specializes in creating and managing hedge funds for qualified investors. Mr. Marks also has a successful career as a songwriter with more than ten albums of original music. Since the year 2000, Gary Marks has been living in Maui, Hawaii.
The Web site for this book is atwww.rockingwallstreet.com.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of Rocking Wall Street (Gary Marks)
Strategy #1
Understand the emotional controls you need and how best to hedge your emotions as well as your investments
To invest successfully, you have to first get your own emotions under control so they won’t work against you. To do this, you need to think about two key concepts:
What do you personally define as the end game of your investment activities?How well do you understand the three basic concepts of hedging your investment bets?If you can learn to hedge your emotions as well as your investments, you’re well on the way.
What would you define as the “end game” of all your personal investment activities? This is not something a lot of investors typically spend time on. Perhaps you’ve always automatically assumed the goal is obviously to keep increasing your personal assets until you have everything you and your family could possibly want. There are, however, a few problems with that kind of definition of the end game:
Do you want to spend every waking hour of your life managing your investments, or do you want more free time? If you’re like most people, creating free time for spending with your family is of incalculable value and therefore you’re willing to hire other people to do some of your stuff so you can have some more free time.If you don’t have a definitive end point where you have enough money, how do you know when you’ve won the game? Perhaps investing is something you’ll always be doing all your life so you can leave as big a nest egg as possible to your children.Do you see successful investing as more of a craft or as more of an art? The craftsman understands the basics of investing and knows how to carry out a robust due diligence to separate the hype from the true picture. Once you master the craft and know how to accumulate wealth safely, your artistic dimension can then come to the fore and influence what you do. You’ll always need to hit a good balance between the art and the craft in investing to feel good about what you’re doing.Is it possible for you to visualize a situation where having to manage your investments becomes more of a burden to the kind of life you want to live rather than a benefit?
