My investment book: Contents (chapter plan)
Getting a Better Class of Enemy - Money, Markets and Manias
This outlines the chapter plan for my investment book:
"Getting a Better Class of Enemy - Money, Markets and Manias".
As I write the chapters, they will be made available to paid subscribers to OfWealth. Completed chapters, along with the Preface, can be found by clicking on this link.
Chapter 1 will be released shortly.
The book title, chapter plan and chapter titles are all subject to potential revision at a later date. But the following gives a good idea of where this project is heading. I intend to release at least one chapter per month, although sometimes it will be more.
I've already developed a more detailed plan for my own use. It contains the main topics to cover in each chapter. The idea being to make sure I don't miss anything essential when the time comes to write each segment, and that I don't repeat myself too often.
Feedback from readers is encouraged.
Please send emails to ofwealth@substack.com
Contents
Dedication and Preface
Chapter 1 - The investment battle, and knowing your "enemies"
Chapter 2 - Bubbles and busts, the market mob, and when to swim against the tide
Chapter 3 - Know your advantages: the pros and cons of being a private investor
Chapter 4 - This is how your money grows: compounding, doubling times and the rule of 70
Chapter 5 - The paramount importance of patience and a long-term mindset
Chapter 6 - The inner monkey: controlling our dangerous and in-built psychological biases
Chapter 7 - Don't treat the market like a casino, and it won't treat you like a gambler
Chapter 8 - Fake risk, genuine risk and the "cardinal sin" of most investors
Chapter 9 - How money is made from stocks and shares, and how much profit to expect
Chapter 10 - The "patience premium": why stocks are superior long-term investments
Chapter 11 - Dividend growth investing and "double compounding"
Chapter 12 - Cash is king: dividends, stock buybacks and a "golden rule"
Chapter 13 - Picking good companies and avoiding bad ones
Chapter 14 - Valuation basics: using price and value to your advantage in volatile markets
Chapter 15 - Working out the likely future returns and fair value of a stock index
Chapter 16 - Reasons to buy or add stocks, and when to sell them
Chapter 17 - Proceed with caution: valuing the stocks of high-growth companies
Chapter 18 - Two special cases: banks and real estate investment trusts (REITs)
Chapter 19 - Boring but important: keeping costs in check, including taxes
Chapter 20 - The investment killer: where money comes from and the risk of inflation
Chapter 21 - The dangers of debt: what to avoid and what to watch carefully
Chapter 22 - Non-stocks: the pros and cons of cash, bonds, gold, real estate and commodities
Chapter 23 - Other real assets: hobby holdings (collectibles)
Chapter 24 - Surreal assets: the crypto casino, ignored risks, and lessons for the future
Chapter 25 - Investments to avoid: the "negative art" of steering clear of catastrophes
Chapter 26 - Keeping risk in check: good and bad diversification
Chapter 27 - What to own: portfolio construction and avoiding excess complexity
Chapter 28 - "Crisis vacations": an occasional adventure for some of your money
Chapter 29 - Epilogue: a better class of enemy
Appendix - My favourite books, films and TV series that are relevant to investing