The Devil's Financial Dictionary and The Intelligent Investor | Jason Zweig | Talks at Google
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- Опубликовано: 4 апр 2016
- Jason Zweig will discuss his latest book, The Devil's Financial Dictionary, and how he went about distilling everything he had learned in almost three decades as an investing journalist into definitions of Wall Street terms that are, in many cases, only a few words long. Markets are driven much more by psychology and history than by economics. In writing The Devil's Financial Dictionary, Zweig was guided largely by a saying of his father's: "It's remarkable how much you have to learn in order to realize how little you need to know."
“This is the most amusing presentation of the principles of finance that I have ever seen.” -Robert J. Shiller, professor of finance, Yale University; Nobel laureate in economics; author of Irrational Exuberance
“Part social commentary, part instruction manual, Zweig’s book is must-reading for anyone who presumes or desires to understand the investment world…. Like the book in which they’re contained, each of Zweig’s entries is pointed, witty, and revealing of important and useful truths. The Devil himself, a.k.a., [Ambrose] Bierce, would be proud.” -TIME
About the Author
Jason Zweig writes a weekly column, "The Intelligent Investor," for The Wall Street Journal. He is the author of The Devil's Financial Dictionary, a satirical glossary of financial terms; Your Money and Your Brain, on the neuroscience and psychology of financial decision-making; and The Little Book of Safe Money, an investing guide. The editor of the revised edition of Benjamin Graham's The Intelligent Investor and co-editor of Benjamin Graham: Building a Profession, Zweig also assisted the Nobel Prize-winning psychologist Daniel Kahneman in writing his book, Thinking, Fast and Slow. Before joining The Wall Street Journal, Zweig worked at Money, Forbes and TIME.
Great insights from Jason Zweig -- a wonderfully wise, insightful, and entertaining observer of financial markets.
Dear google, I love googletalks. Could you please upload two versions for each talk, highly edited one only with highlights, 15mins max
And then the full one. It will drastically change channel ratings. Thank you!
+balahatun or perhaps a podcast?
+tavit8 that would be good too. To be honest there're loads to improve in this humble channel.
Thank you!
Excellent talk with powerful ideas.
sourav, the audio quality is very very poor, we could get any clarity !! please see if u can help in anyway //
It's another google talk that I wanted to watch but bailed because of poor audio. Could you please do something about it!
The audio is fine. I listened to all of it. Stop whining.
It's great but he's almost inaudible, Google fix your microphones!
Loved his comment on ben Graham's the intelligent investor
Google Talks / improve the audio quality. Can’t hear it.
Terrible audio. Can’t hear him. The guy who introduced him had a good microphone and was very clear. He should have passed it to Jason on the way by, but he took it with him.
Why does he sound like Siri?
Google sure has a lack of understanding. Let me explain for RUclips viewers. For presenters using power point for their presentation, the RUclips viewer only is given a teaser view of the power point information. Obviously, if the technology was up to minimum standards, we RUclips viewers would not only see a talking head, we would also be exposed to the power point presentation. Just make a photographic memory so you can get up to speed after you have listen to the presenter chew his cud. Shame on Google for having the technology and not knowing how to use it.
juli grlee, the organizers are too stupid to get your point.
Cool
Lol people at google using a macbook pro.
I'll purchase the book when his investments have averaged 20% per year over the last 10 years. Until then, he's just a book salesman to me; not a professional investor.
+James hodges I understand your point but (for what it's worth) I think it's a real mistake to underestimate what Zweig brings to the table. In my opinion, if you read his books and his WSJ columns and internalize the lessons he shares in them, the chances are very high that you'll be a lot wealthier by the end of your investing career than if you don't read them. He's interviewed literally thousands of money managers over the last 30 years and knows more about the art of investing than any other writer I've encountered. If he were a salesman, he wouldn't have become a journalist, which is not exactly an easy path to riches!
I appreciate your point of view and it probably does have merit, however, michael mauboussin has done well serving both interests. Lead by example is an important tenet to me. "Do as I do, not as I say".
+James hodges Hi James. Thanks for your message. If you were to follow Jason Zweig's example, you'd have been in index funds for decades, which is what I believe he has always done himself. It's not much fun, perhaps, but you'd have outperformed a truly overwhelming percentage of professional money managers. There's powerful logic to his passive investment approach, and (in his case) it's based on a tremendously deep understanding of the difficulties of being a successful active investor -- the high fees, the fact that you're often dealing with self-serving "helpers" (as Buffett ironically calls them), the emphasis on asset gathering, the impossibility of timing the market with any consistency, etc etc. As you know, there's an important on-going debate to be had about the merits of active versus passive investing. It strikes me that Zweig has always made a very compelling case for the passive side of that debate, even though I do some active investing myself. Either way, as a smart investor yourself, you'll definitely benefit a lot from grappling with his ideas because he's thought as deeply as anyone about why most investors underperform. Also, the fact that he's an observer of the game (not a participant charging fees for his services) gives him a really important level of detachment from it. In any case, wishing you all the best -- and apologies for this long response! William
William Green
Thanks for the information. My aggregate return in the stock market since 2007 is in excess of 8,000%. I'm up over 42% for 2016 thus far. I actively manage my own accounts and do not believe in indexing or diversification. Thank you for the information though.
Warren Buffett has never recommended an index fund, sir. You're incorrect.