Big Money Thinks Small
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Joel Tillinghast
About this book
Author / Editor information
Reviews
David Kass, University of Maryland:
Tillinghast provides a very useful checklist of the required due diligence of investments, the tenets of value investing, the need to more carefully understand the culture and rule of law of foreign countries before investing in them, and how to stay within your circle of competence.
Bill Miller, founder and CIO, Miller Value Partners:
For decades I have admired and learned from Joel Tillinghast’s extraordinary investment prowess. Whether you are a professional or an individual investor, you will be a better investor after reading and absorbing the wisdom in this book.
Seth A. Klarman, Portfolio Manager and CEO, The Baupost Group, LLC:
Tillinghast has built an outstanding investment record over three decades by being smart and disciplined. Now, all of us can benefit from his hard-won wisdom and perceptive insights, which are found on literally every page of this fine book.
Topics
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Frontmatter
i -
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Contents
v -
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Foreword
ix -
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Acknowledgments
xv - PART I. Sleight of Mind
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1. It’s a Mad, Mad World
3 -
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2. Silly Human Tricks (Decision Biases)
17 -
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3. Gamblers, Speculators, and Investors
28 -
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4. Mind Over Money
38 - PART II. Blind Spots
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5. Need to Know?
49 -
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6. It’s the Simple Life for Me
59 -
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7. Thinking Small
69 -
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8. Bulls in the China Shop
86 - PART III. Honest, Capable Fiduciaries
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9. Dare to Be Great! Or, Distinctive Character
99 -
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10. Bang for the Buck
106 -
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11. Do the Bad Guys Wear Black Hats?
120 -
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12. Shipping Bricks and Other Accounting Riddles
133 - PART IV. Live Long and Prosper
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13. Is the End Near?
149 -
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14. Oil Gushers and Slicks
162 -
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15. Tech Stocks and Science Fiction
174 -
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16. How Much Debt Is Too Much?
190 - PART V. What’s It Worth?
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17. Will the Lowest Be Raised Up?
203 -
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18. Which Earnings Number?
221 -
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19. The Art of Judging Value
233 -
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20. Double Bubble Trouble
248 -
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21. Two Paradigms
262 -
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Index
277