Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor
    Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor
    Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor
    Audiobook8 hours

    Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor

    Written by Spencer Jakab

    Narrated by Sean Pratt

    3.5/5

    ()

    About this audiobook

    INVESTING IS ONE OF THE FEW AREAS IN LIFE WHERE EVEN VERY SMART PEOPLE LET HOPE TRIUMPH OVER EXPERIENCE

    According to Wall Street Journal investing colum­nist Spencer Jakab, most of us have no idea how much money we're leaving on the table-or that the average saver doesn't come anywhere close to earning the “average” returns touted in those glossy brochures. We're handicapped not only by psychological biases and a fear of missing out, but by an industry with multimillion-dollar marketing budgets and an eye on its own bottom line, not yours.

    Unless you're very handy, you probably don't know how to fix your own car or give a family member a decent haircut. But most Americans are expected to be part-time fund managers. With a steady, livable pension check becoming a rarity, we've been entrusted with our own finances and, for the most part, failed miserably.

    Since leaving his job as a top-rated stock ana­lyst to become an investing columnist, Jakab has watched his readers-and his family, friends, and colleagues-make the same mistakes again and again. He set out to evaluate the typical advice people get, from the clearly risky to the seemingly safe, to figure out where it all goes wrong and how they could do much better.
    Blending entertaining stories with some sur­prising research, Jakab explains

    ·How a typical saver could have a retirement nest egg twice as large by being cheap and lazy.
    ·Why investors who put their savings with a high-performing mutual fund manager end up worse off than if they'd picked one who has struggled.
    ·The best way to cash in on your hunch that a recession is looming.
    ·How people who check their brokerage accounts frequently end up falling behind the market.
    ·Who isn't nearly as good at investing as the media would have you think.

    He also explains why you should never trust a World Cup-predicting octopus, why you shouldn't invest in companies with an X or a Z in their names, and what to do if a time traveler offers you eco­nomic news from the future.

    Whatever your level of expertise, Heads I Win, Tails I Win can help you vastly improve your odds of investment success.
    LanguageEnglish
    PublisherAscent Audio
    Release dateAug 1, 2016
    ISBN9781469035314
    Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in Your Favor

    Related to Heads I Win, Tails I Win

    Related audiobooks

    Personal Growth For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      How To Retire By 40

      Jun 2, 2019

      How To Retire By 40
      8 min read

    • Article

      Stock Market Today: Tech Rallies, Nasdaq Just Shy of New Highs

      Jun 17, 2021

      The Nasdaq Composite pressed higher Thursday, to within just a few points of a fresh closing record, flipping the script on how the technology-heavy index has acted for much of 2021. The Federal Reserve yesterday revealed higher expectations for infl

      2 min read

    • Article

      A Conversation with a Short Seller

      Aug 18, 2020

      A short seller leads a lonely life, it seems. Short sellers profit from stocks that decline in value. So, when they win, it means that most of their friends and family are likely losing. And when they lose? Well … they don't generally get a lot of sy

      4 min read

    • Article

      We Humans Will Pick Ourselves Up, Dust Ourselves Off And Adapt

      Apr 29, 2020

      As I write this in early April, the All Ordinaries index has had a nice rally from its year low of 4564 to around 5400. Markets do tend to move as a predictor of the future, so right now they are obviously factoring in the falling infection and death

      3 min read

    • Article

      How To Spot A Financial Bubble

      Oct 2, 2020

      one of the most influential mathematicians of all time, Sir Isaac Newton, lost a fortune by investing in the South Sea Bubble of 1720. When asked why, with all his mathematical prowess, he could not foresee the collapse of the stock, he is reputed to

      3 min read

    • Article

      7 Crash-Proof ETFs to Battle a Bear Market

      Oct 26, 2018

      Wall Street has started slipping into bear market fears thanks to a brutal, volatile October that has sapped away the year-to-date gains from the major indices. But investors starting to flee have the wrong idea. There are places to hide - including

      8 min read

    • Article

      The Fisher Doctrine

      Feb 9, 2018

      The Fisher Doctrine
      6 min read

    • Article

      How To Retire On $500,000

      Sep 23, 2019

      How To Retire On $500,000
      7 min read

    • Article

      The Practical Investor Packs It In

      Mar 7, 2019

      When I first saw the Disney movie The Little Mermaid, I was captured by a line uttered by the villainous sea witch, who taunted the heroine to give up her prized possession (her voice) in exchange for the legs she yearned for. "Life's full of tough c

      2 min read

    • Article

      Picking Stocks: It's Okay to Go With Your Gut

      Aug 1, 2019

      There are four ways to invest in stocks. You can buy a low-cost index fund, with holdings that reflect an entire market or a broad swath of one. You can buy a managed fund, hiring an expert to do the stock picking. You can conscientiously study data

      5 min read

    • Article

      Where I Would Invest $10k

      Oct 28, 2020

      If the Covid-19 crisis has taught us anything, it’s that life can throw up curveballs when you least expect it. It’s also highlighted that not as many of us have our finances in as rosy a shape as we might have thought. Sure, we could be on a good sa

      1 min read

    • Article

      Investing

      Jun 30, 2021

      Investing
      1 min read

    • Article

      Allocating And Maintaining Your Investment Capital

      Dec 18, 2020

      the key feature of a long-term portfolio is which assets you hold in it. But there are other considerations that you must also stay on top of. Firstly, how do you split the portfolio between passively and actively managed assets? I always advocate th

      2 min read

    • Article

      How to Be Rich (Hint: A 401(k) Alone Won't Get You There)

      Feb 15, 2018

      Tired of being told to "save more money" when you ask how you can improve your financial situation? There's got to be something else you can do to attain the level of wealth you want, right? There is -- but most people don't talk about it. Most peop

      4 min read

    • Article

      Stop 'Dollar-Cost Ravaging' Your Portfolio in Retirement

      Feb 17, 2020

      It's been more than seven years since Wade Pfau, one of the top experts in retirement research, wrote a column for MarketWatch urging readers to "Say Goodbye to the 4% Rule." In it, Pfau suggests that the "rule" -- which is more of a theory, really -

      3 min read

    • Article

      10 Best ETFs to Buy for an All-Weather Portfolio

      Aug 30, 2018

      It used to be that investors asked themselves the question, "How many mutual funds should I have in my portfolio?" They still ask the same question of diversification, but more in terms of exchange-traded funds (ETFs). A portfolio of just two ETFs mi

      7 min read

    • Article

      Run Your Own Retirement Race

      May 26, 2021

      When I read an article recently by journalist Karren Vergara (on Moneymag.com.au) on her super balance of $154,000, it got me thinking. With just over 25 years to retirement, she can’t possibly reach the $1 million mark that so many of us are convinc

      3 min read

    • Article

      The Global Property Bubble

      Apr 9, 2021

      The Global Property Bubble
      2 min read

    • Article

      Invest Like A Pro

      Aug 8, 2019

      Invest Like A Pro
      2 min read

    • Article

      Certain Strategies For Uncertain Time

      Jun 4, 2020

      I’m writing this at the beginning of May 2020, when New Zealand is still in “lockdown” because of Covid-19, so I’m well aware that by the time you’re reading this, things will be very different to how they are now. We are in unusual times. That human

      3 min read

    • Article

      WHY YOU ONLY NEED $260k IN SUPER TO RETIRE

      May 31, 2023

      THE SWEET SPOT If you worry that your superannuation savings are inadequate, you’re not alone. Around 65% of Australians retire with less than $250,000 in superannuation. If you’re one of them, however, you could be pleasantly surprised and find you

      3 min read

    • Article

      FIRE Savers Race to Retirement

      Oct 4, 2018

      Shortly after Matt Owen graduated from college, he consulted with his parents' financial planner, who told him he would be lucky to retire at age 50. Matt, now 29, and his wife, Alli, 28, had other plans. Starting four years ago, the Owens slashed th

      8 min read

    • Article

      When Stocks Are Down, Grab Your Wish List

      Jun 4, 2020

      Like every other investor, I felt sick watching the Dow Jones industrial average lose three-eighths of its value in just 40 days in February and March. But I felt a little thrill as well. I had a list. I could buy stocks I loved at a discount. Or, to

      5 min read

    Related categories

    Reviews for Heads I Win, Tails I Win

    3.5/5

    10 ratings2 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

    • 2/5
      Listen to the last 10 minutes and you'll get everything you can out of this book. It spends the rest of the time talking about different simulations and throwing % gains/losses without much continuity. Buy index funds, don't try to beat the market, if you already know that then you know everything in this book.
    • 4/5
      I do not read investment books. Most, if not all, usually involve a lot of technical language and terms that I do not understand. However Jakab's book was easy to grasp – – it was useful for the novice and for those who have had plenty of investment experience. Listed below are the top five lessons I took from the book:

      The more prominent the scary headlines about the market, This smarter it is to commit some more money to stocks.

      As for the majority of downturns, the time to sell is never.

      The simplest remedy for sleeping well at night is to have a mixture of lower risk assets like bonds along with stocks.

      Rule of thumb for stock exposure: 100 minus your age = stock exposure

      No matter how much evidence exists that seers do not exist, suckers will pay for the existence of seers.