I was recently given a digital copy of the book,” Jackass Investing: Don’t do it. Profit from it.” by Michael Devers for review. This is not your conventional investing book. He considers the way most people invest to be jackass investing and has his own way of investing which he believes is a better way of investing.
In the book he looks at twenty different bits of conventional wisdom that he considers myth. Some of the myths that he examines are “Buy Low, Sell High”, “Commodity Trading is Risky”, and “You Can’t Time the Market.” He backs up his assertions with studies and narrative. In addition to the roughly 300 pages in the book there is also a companion website. For each myth there is a related “action section” that you can access on the Jackass Investing website. I haven’t had time to look at all of them yet but between the book and the website you are getting a ton of information. The book is definitely interesting reading and gives one a new perspective on much of the conventional wisdom on investing.
In many cases I think it isn’t actually that the conventional wisdom is wrong but that most people employ the conventional wisdom in the wrong way. A minor problem I had with the book was that the charts and illustrations were very light on my Kindle
and difficult to see. I’m not sure if it is that way on all Kindles because they did display properly on my Kindle PC app.
If you are tired of investing books with the same old advice then this book might be just what you are looking for.