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The Best Investment Advice Is Sometimes About What Not to Do

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The Best Investment Advice Is Sometimes About What Not to Do

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Description

  • Copyright 2011
  • Dimensions: 5-3/8" x 8-1/4"
  • Pages: 10
  • Edition: 1st
  • eBook (Watermarked)
  • ISBN-10: 0-13-261711-0
  • ISBN-13: 978-0-13-261711-6

This Element is an excerpt from It's About More Than the Money: Investment Wisdom for Building a Better Life (9780137050321) by Saly A. Glassman. Available in print and digital formats.

Why the best investment advice you ever get might be what not to do.

Shortly after 9/11, a terrible period for all investors and advisors–for all Americans–Edward called to thank his advisor. “Thank me?” the advisor exclaimed. “Why? I feel terrible about our losses over the last year.” Edward said, “No, you don’t understand. You told me not to invest $600,000 in a private equity partnership I was seriously considering. I’ve just learned that investment was a total failure.”

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