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June 06, 2012 at 00:26 AM EDT
Book Review: The Big Win
I enjoyed reading this book, but I have some issues with it. First, let me say what I liked: 1) The author chose a number of different investors to make his point. They weren’t all outside passive minority investors like most of us are. There were many that invested in whole companies, or, they were [...]

I enjoyed reading this book, but I have some issues with it.  First, let me say what I liked:

1) The author chose  a number of different investors to make his point.  They weren’t all outside passive minority investors like most of us are.  There were many that invested in whole companies, or, they were the company, and invested in incredible ventures.

2) He points out a number of significant successes and how they occurred, for seven investors.

3) He points out commonalities in  the processes in the first two chapters and the epilogue.

4) He is a sharp observer of investment processes.  He knows the game, as I do.

What I did not like:

1) Big successes are like snowflakes — no two are alike.  There was little to unify the successes of the book.   Readers deserve a more unified theory of what leads to success.

2) The Chapter on Jimmy Rogers was weak.  Aside from what he did with Soros, there is no indication that he has made significant money since then.  No “Big Win” was recorded in the book.

3) With a few of the “Big Win” investors, it was difficult to tell whether they really had a “big win” or a moderate win.  Some of the stories had nothing dramatic behind them.

4) There was little to integrate the disparate investors, despite the chapters that attempted it.

Though I liked the book, I found nothing compelling to make me love the book.  I have read better books in this area.

Quibbles

Already expressed.

Who would benefit from this book:   If you like a mostly unrelated set of investors that will not teach you an integrated set of ideas, you will find it here.  If you want to, you can buy the book here: The Big Win: Learning from the Legends to Become a More Successful Investor.

Full disclosure: This book came out of the blue; did not ask for it.

If you enter Amazon through my site, and you buy anything, I get a small commission.  This is my main source of blog revenue.  I prefer this to a “tip jar” because I want you to get something you want, rather than merely giving me a tip.  Book reviews take time, particularly with the reading, which most book reviewers don’t do in full, and I typically do. (When I don’t, I mention that I scanned the book.  Also, I never use the data that the PR flacks send out.)

Most people buying at Amazon do not enter via a referring website.  Thus Amazon builds an extra 1-3% into the prices to all buyers to compensate for the commissions given to the minority that come through referring sites.  Whether you buy at Amazon directly or enter via my site, your prices don’t change.

 


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