Monday, November 10, 2008

Joe DiMaggio: The Hero's Life - Recommended Reading

While we don't care much for baseball, in the past we enjoyed reading Joe DiMaggio's: The Hero's Life. Besides being a fine all around player, having great style and grace, Joe D carefully crafted his image.

The book is an exercise in psychology, which is why we recommend it as a must of investment reading. Investing is after a psychological affair. Stock prices are the result of supply and demand of irrational investors (human beings).

Think of any well-known fund manager or Wall Street strategist that is constantly on tv, rather than managing investors' money. Keep said fund manager in mind as you read the book.

You will never view your favorite on-air "financial guru" in the same way. As the book says, we gave Joe everything, as long as he was what we wanted him to be. Hmmm this indeed should be familiar to investors.

http://www.amazon.com/Joe-DiMaggio-Richard-Ben-Cramer/dp/0684853914

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