Latticework: The New Investing

Author - Robert G. Hagstrom ... [Goo?] [Posters]

This Hardcover Book item from Texere was reviewed on 11-Dec-2008.

Search ISBN:1587990008 offer from Abebooks or used books from Alibris. Latticework: The New Investing Reference Book. Classifications : General AAS Qualifying Textbooks Custom Stores Specialty Stores Books Guides Job Hunting & Careers Business & Investing Subjects Books General Investing Business & Investing Subjects Books General AAS . Click the following link to view the cover of Latticework: The New Investing.

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1) Hardcover Book Latticework: The New Investing by Texere. The book latticework was at times very repetitive and long winded. However, it explained several financial principles and thier relevance to real world situations. Not a great book, but a good enough book.¤

2) Hardcover Book Latticework: The New Investing by Texere. why 1 star ?the book is a speculator´s attitude to the market,from the first page to the end of the book you can find the so called"inspiration"to the market only,although it is based on the Charlie Munger´s ideas.¤

3) Hardcover Book Latticework: The New Investing by Texere. "Investing: The Last Liberal Art" and "Latticework: The New Investing" are exactly the same book with exactly the same content up to the page numbers. Just the book name and book cover were changed. It´s not clear why the publisher changed the book name but after purchasing both books I find highly misleading.

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4) Hardcover Book Latticework: The New Investing by Texere. After writing several books about Warren Buffet, Mr. Hagstrom must have decided that the market for books about the Sage has been saturated and moved on to his next venture: to write a book about a half-baked success theory of Mr. Charlie Munger, the intellectual snob who sits quietly next to Warren Buffet during the annual shareholders´ meeting of Berkshire Hathaway. The result is a self-help book for Berkshire Cult members.
Mr. Munger may be on the right track when he says that a businessman should have a very broad knowledge about the World in order to make competent decisions. However I doubt that he was ever able to come up with a coherent theory of how to get rich through getting bookish. It doesn´t matter. Every half-baked idea that comes out of the prophet´s mouth is being turned into a gospel by the devotees.
Believe it or not but this book is all about teaching you how to get rich by reading Shakespeare, Charles Dickens, and the autobiography of Richard Feynman. Don´t laugh! It is true.
There may be some way to apply knowledge from various branches of learning such as Physics, Biology, and Literature to Investing. Eliyahu Goldratt for example used his background in Physics to solve practical problems in supply chain management. But Hagstrom is certainly not the man to do it. His discussions of Physics, Biology, Psychology, and Literature are superficial at best and I suspect that many professionals in those fields will find them laughable. Who does he thing he is? John Stuart Mill?
One star is all I can give. Hagstrom´s other books about investing are much better than this one. Go buy "The Warren Buffet Way" or the "The Warren Buffet Portfolio". Hagstrom did a much better job in those two books than in this one.¤

5) Hardcover Book Latticework: The New Investing by Texere. In Latticework, Mr. Hagstrom has written a very powerful book arguing for the importance of a multidisciplinary approach to investing. If you are looking for a "magic bullet" to make your stock picking infallible, you will need to look elsewhere. Instead Mr. Hagstrom argues that all of the major branches of learning have something to offer. As a professional investor, I couldn´t agree more. In particular Mr. Hagstrom draws on the work of the Santa Fe Institute in complex adaptive systems. His argument that too often people view the market in Newtonian terms which are ultimately inappropriate rings very true.

This book does not pretend to offer a lot of answers, but rather is a starting part for future work. The bibliography alone is worth the price of admission. Ultimately, perhaps the highest praise I can give is that this book might not only make you a better investor, but also a better person.¤

6) Hardcover Book Latticework: The New Investing by Texere. In this engaging and challenging book, Robert Hagstrom outlines a new approach to investing based on the ideas of two highly successful investors: Charlie Munger of Berkshire Hathaway and bill Miller of Legg Mason. Both Munger and Miller believe in the latticework approach to investing, one that is based on a working knowledge of a variety of disciplines. Latticework is a true liberal arts approach to investing. It carries the reader from Ben Franklin´s vision of education to St. John´s College with its Great Books program to the cutting-edge Santa Fe Institute, a multi-disciplinary research center which brings together scientists from a variety of fields to address complex adaptive systems, including markets and economies. In helping readers develop the worldly vision they need to succeed financially, Latticework also points the way to a richer, fuller, more rewarding life.¤

7) Hardcover Book Latticework: The New Investing by Texere. In the investment world, the term latticework represents the highly diversified but intimately related body of knowledge that Berkshire Hathaway vice chairman Charlie Munger has called upon to build the phenomenally successful holding company he runs with the legendary Warren Buffett. In Latticework, investment professional Robert G. Hagstrom--who previously authored The Warren Buffett Way--elaborates on this broad-based approach and presents some essential theories of physics, biology, social science, psychology, philosophy, and literature that can help readers achieve a similar grounding. "Investment decisions are more likely to be correct when ideas from other disciplines lead to the same conclusion," Hagstrom writes. "Those who strive to understand (these) connections are well on the way to worldly wisdom. This makes us not only better investors but better leaders, better citizens, better parents, spouses and friends." Once absorbed, he contends, the fundamentals of these six subjects allow finance and investing to be considered as they should: "as a unified whole." He explains how the rule of supply and demand is like the point of equilibrium in physics, for instance, and the law of economic selection is akin to a biologist´s view of evolution. These and other provocative theses are presented throughout in a consistently clear, thoroughly convincing, and wholly captivating manner. --Howard Rothman¤

Page Updated: Robert N. Goolsby, 8-Jan-2009, 15879900089781587990007, 290-9X0-960-151-081-811-8

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