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Big Mistakes
book

Big Mistakes

by Michael Batnick
June 2018
Beginner content levelBeginner
192 pages
4h 4m
English
Bloomberg Press
Content preview from Big Mistakes

CHAPTER 12John Maynard KeynesThe Most Addictive Game

How could economics not be behavioral? If it isn't behavioral, what the hell is it?

—Charlie Munger

The cost of raising a child today is $233,610.1 This is a 41% increase over the past 15 years, or 2.3% a year.2

From gasoline to food to education and raising children, prices tend to rise over time. Staying ahead of inflation is why millions of Americans invest. But what about the one‐tenth of one percenters who have more money than they can spend in 4,000 lifetimes? Why do they still invest? I'm not talking about wealthy people who invest for future generations, but billionaires who spend the entirety of their sixth and seventh decades trying to beat the S&P 500.

A 60‐year‐old with a billion ...

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Publisher Resources

ISBN: 9781119366553Purchase book