<Embed>
List Price: $19.99
Save: $5.86 (29%)
FREE Shipping on your first order. Details
Arrives: July 18 - 20
Fastest delivery: July 12 - 14
Usually ships within 3 days.
As an alternative, the Kindle eBook is available now and can be read on any device with the free Kindle app.
Your transaction is secure
We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Learn more
Ships from and sold by Amazon.com.
FREE Shipping on your first order. Details
Used: Good | Details
Sold by ICTBooks
Condition: Used: Good
Comment: Book is in good condition with average wear to covers and corners. May contain some writing. May contain former library markings.

Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

Follow the Authors

Something went wrong. Please try your request again later.


The Winning Investment Habits of Warren Buffett & George Soros: Harness the Investment Genius of the World's Richest Investors Paperback – August 22, 2006

4.3 out of 5 stars 93 ratings

See all formats and editions Hide other formats and editions
Price
New from Used from
Kindle
Paperback
$14.13
$14.13 $3.10

Books with Buzz
Discover the latest buzz-worthy books, from mysteries and romance to humor and nonfiction. Explore more
click to open popover

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
    Apple
  • Android
    Android
  • Windows Phone
    Windows Phone
  • Click here to download from Amazon appstore
    Android

To get the free app, enter your mobile phone number.

kcpAppSendButton

Frequently bought together

  • The Winning Investment Habits of Warren Buffett & George Soros: Harness the Investment Genius of the World's Richest Investors
  • +
  • The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
  • +
  • The Alchemy of Finance
Total price: $44.34
Buy the selected items together

Special offers and product promotions

Editorial Reviews

Review

"Tier adopted the investment habits of Warren Buffett and George Soros, sold his business interests and now lives solely from the return on his investments" -- Bloomberg 
"One of the most readable and informative investment books for a long time" -- Lloyd's List
"EXCELLENT!" -- Richard Russell, editor, Dow Theory Letters


"Mark Tier's mapping of investment genius is simply masterful. What lifts his book even further is his infectious delight in discovery and clarity of explanation as he hands you the attitudinal and behavioral keys to becoming the consummate investor." -- David Gordon, author, Expanding Your World: Modeling the Structure of Experience

"...a stunningly simple, but highly intelligent and effective idea: Analyze the methods of Buffett and Soros and see exactly why they're so successful. Soros's and Buffett's methods are often so different -- yet, as Tier shows, the keys to their success are amazingly similar" -- Doug Casey, editor, International Speculator

"Demonstrates that Buffett and Soros both practice exactly the same mental habits and strategies" -- What Investment

"What do Warren Buffett and George Soros have in common besides their self-made investment fortunes? Well, neither takes big risks or diversifies.... Instead, both are cautious investors who have learned how to protect their capital. Oh, and neither follows analyst reports--ever." -- U.S. News & World Report 

From the Author

While writing The Winning Investment Habits of Warren Buffett & George Soros, I got to know two highly successful investors very well. Part of my research was analyzing their investment habits to check the accuracy of my analysis.

I also met several novice investors, analyzing their poor investment habits to contrast with the successful ones.

I gave copies the manuscript to all of them, and asked them all for their comments.

Here's how I expected they would react:
  • The successful investors would come back and tell me where it sucked -- where I'd made mistakes, bloopers, and so on;
  • The novice investors would use it to improve their investment results.
Boy, was I wrong!

One point of clarification: just how successful were these two successful investors?

Both these men had achieved independent wealth through their investing. One, then in his sixties, was twenty when he arrived on Wall Street and became a millionaire before he turned thirty -- by investing on his own account, not hustling investments to others. The second started a bit later, but was also independently wealthy.

Both had made enough money from their investments to sit on their thumbs for the rest of their lives.

I had learnt from them -- what could they learn from me? Nothing at all, I assumed.

They both thought differently: 
  • "Here is a different way of looking at the investing process. Maybe I'll learn something."
They both went through all 23 Winning Investment Habits carefully, comparing my analysis with their own behaviors. They checked the 12 components of the successful investment system against their own approach.

One of them tweaked his exit strategy, based on my exposition.

This is, unquestionably, the greatest compliment I've ever received on this book.

Compare that reaction to that of "Henry," whose reaction was typical of several novice investors I talked with.

I spent enough time with Henry to get to know him reasonably well. In his early twenties, he had accumulated about $10,000 and had been investing on the stock market for about a year. His results weren't appalling, but he'd have done better if he'd left his money in a index fund. 
His reaction to the manuscript: "Interesting."

That's it!

Did he apply the habits, or attempt to?

No.

Did it make him think more deeply about his strategy or anything else related to his investments?

Not as far as I could tell.

id it make any difference to his life?

Aside from an enjoyable read, not in any discernable way.

A psychological attack on would-be traders?

A few reviews of The Winning Investment Habits of Warren Buffett & George Soros are rather, how shall I put it? -- decidedly uncomplimentary.

One (on Amazon.co.uk) describes The Winning Investment Habits as a "psychological attack on would-be traders."

As far as I can tell, all I did was point out that trading is far more stressful than investing.

When you're under pressure, you're more likely to make mistakes.

When the pressure is unrelenting, you can burn out.

Traders burn out; investors don't.

Even Soros burnt out; Buffett never has.

Soros learnt how to deal with stress, partly by delegating some or all of the responsibility to others and acting as "coach" rather than trader. The result: he can come back into the saddle when necessary, totally refreshed.

Which is exactly what he did in the middle of the financial crisis of 2008. He took back control of his Quantum Fund: while everyone else on Wall Street was losing their shirts, he was up over 30% for the year.

If you're so good, why write a book?

Fair question.

I wrote this book because I'm a writer. That's what I love to do. The best way for me to learn something is to write about it.

Writing this book was the end of a long quest for the keys to successful investing. In the process of identifying the 23 Winning Investment Habits I realized my problem wasn't a lack of knowledge; the problem was me. My own mental habits. I worked hard to change them. The result: the returns from my investments now pay the rent, send the kids to school, put food on the table, and so on.

Every morning, I can choose to do with my day whatever I wish (including sleeping in).

Mostly, I choose to write.

Wouldn't you like have a life like that?

If I can do it, so can you.

Product details

Customer reviews

4.3 out of 5 stars
4.3 out of 5
93 customer ratings
How does Amazon calculate star ratings?
Reviewed in the United States on August 22, 2015
Verified Purchase
4 people found this helpful
Comment Report abuse
Reviewed in the United States on June 7, 2010
Verified Purchase
9 people found this helpful
Comment Report abuse
Reviewed in the United States on May 19, 2010
Verified Purchase
5 people found this helpful
Comment Report abuse
Reviewed in the United States on January 8, 2020
Verified Purchase

Top international reviews

sw poon
4.0 out of 5 stars Need understanding
Reviewed in the United Kingdom on September 19, 2018
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
Prometeo
4.0 out of 5 stars The winning investment habits of Warren Buffett & George Soros
Reviewed in Mexico on September 1, 2019
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
mohawk
5.0 out of 5 stars wow... 23 amazing habits
Reviewed in India on October 4, 2019
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
Maria Jose Lopez Candal
4.0 out of 5 stars Me ha gustado mucho
Reviewed in Spain on May 28, 2019
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
John Yu
3.0 out of 5 stars Three Stars
Reviewed in Canada on February 9, 2018
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
Amazon Customer
3.0 out of 5 stars Somewhat overwhelming
Reviewed in Canada on April 28, 2014
Verified Purchase
One person found this helpful
Sending feedback...
Thank you for your feedback.
Report abuse
Sal P.
5.0 out of 5 stars Surprisingly good and useful investment book
Reviewed in Canada on March 3, 2015
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
D P Gupta
5.0 out of 5 stars it is really a very good book. Any one who is seriously interested in ...
Reviewed in India on January 4, 2015
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
mao
4.0 out of 5 stars awesome Book
Reviewed in Germany on September 19, 2017
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
cedric
2.0 out of 5 stars not particularly useful
Reviewed in the United Kingdom on April 6, 2012
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
Calum Moscarda
5.0 out of 5 stars Five Stars
Reviewed in Australia on July 4, 2018
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
Omprakash Vaswani
5.0 out of 5 stars Buy this for your success in market investments
Reviewed in India on January 24, 2017
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
zhou nianyang
5.0 out of 5 stars Five Stars
Reviewed in Canada on April 1, 2017
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
Nirjhar Gupta
5.0 out of 5 stars Five Stars
Reviewed in India on October 26, 2014
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
Kannu patidar
5.0 out of 5 stars Five Stars
Reviewed in India on November 21, 2015
Verified Purchase
Sending feedback...
Thank you for your feedback.
Report abuse
Pages with related products. See and discover other items: finance investment