Contents of this article
The Winning Investment Habits of Warren Buffett & George Soros is one of Mark Tier’s best books. If you are passionate about stock trading but don’t know where to start or how to invest, this is truly a book you cannot miss. It shares the most effective investing secrets of two giants: the brilliant billionaire investor Warren Buffett and the masterful trader George Soros.
Who Is the Author of the Book ?
Mark Tier is an Australian writer and businessman who graduated in economics from the Australian National University. He now lives and works in Hong Kong. He founded the investment newsletter World Money Analyst and edited and published it himself until 1991.
He has written many books on investing and finance, including Understanding Inflation – a bestseller in Australia in 1974, The Nature of Market Cycles and How to Get a Second Passport, and his work has always been warmly received by readers at home and abroad. His articles on investing and other subjects have also regularly appeared in well-known newspapers such as The Australian and the South China Morning Post.
After Mark Tier absorbed the winning investment habits of Warren Buffett and George Soros, he sold all his other businesses so that he could put all of his capital into investing. As a result, he can now live comfortably on his investment returns. The Winning Investment Habits of Warren Buffett & George Soros is the work he poured his heart into for investors around the world. Through it, the author helps investors substantially improve their results based on the experience and knowledge he gathered throughout his career.
What Is The Winning Investment Habits of Warren Buffett & George Soros About?
Both Warren Buffett and George Soros started from nothing and built fortunes worth tens of billions of dollars purely through investing. Yet their styles are as opposite and contradictory as the sun and the moon. Warren Buffett uses his money to buy stocks and businesses valued well below their true worth, then holds them for the long term. George Soros, by contrast, is famous for huge, fast trades in the currency markets.
But Mark Tier also realized that the two billionaires share some of the same views, and these may well be the key factors behind their success. The habits and mental strategies of Buffett and Soros that Mark Tier describes in The Winning Investment Habits of Warren Buffett & George Soros remain valid today, even as the market keeps changing. They include:
- Warren Buffett and George Soros both oppose diversifying their portfolios.
- Both believe that predicting the market’s or the economy’s next move will not bring investment success.
- Neither of them focuses too much on the profits an investment might bring. In fact, money is not their greatest motivation.
- Neither believes that high returns necessarily require taking big risks. That is why they care so much about preserving capital.
- Notably, neither Warren Buffett nor George Soros reads all the research and reports that Wall Street puts out.
Mark Tier has said: success lies hidden in your daily habits and mental strategies. By identifying the habits that took Warren Buffett and George Soros to such astonishing success, the author was able to show that almost all successful investors share them. So through this book, you too can discover, learn and practice those habits.
Our Thoughts on the Book
Mark Tier’s The Winning Investment Habits of Warren Buffett & George Soros is a truly good and meaningful book. With intelligence and skill, the author conveys, both in broad strokes and in detail, the most effective methods, approaches and secrets of two of the most talented investors of our time. The book is a valuable source of knowledge that drives home many lessons about investing and about everyday life. What’s more, throughout the book Mark Tier points out the mistakes investors commonly make, so that you can avoid as many risks as possible.
The Winning Investment Habits of Warren Buffett & George Soros is truly a good book that every investor should read at least once. It suits stock investors in particular and financial investors in general. You could say this book is a key that opens the door to success in this market.
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