How did I forget to mention this yesterday? My Sunday Washington Post column on the varied skills required to become a better investor was published.
Its called The many hats of great investors.
Here is an excerpt:
“Great investors are savvy generalists. I can think of five fields that are hugely helpful to asset management. If you were to study these disciplines, your understanding of how markets work would greatly improve. And you would be a better investor.
How? You will generate better risk-adjusted returns; meaning, you will get the most bang for the bucks you are putting at risk. You will suffer less from volatility — the stomach-churning ups and downs in the markets that are one part risk, one part opportunity. And you will avoid the typical mistakes that most investors make.”
The five disciplines that help you become a better investor: Historian, Psychiatrist, Trial lawyer, Mathematician/statistician, Accountant. (The full column at the Washington Post)
The many hats of great investors
Washington Post, May 22, 2011, Page G6