About the BookInvestingisn t a man s world anymore and the provocative and enlightening WarrenBuffett Invests Like a Girl shows why that s a good thing for Wall Street, the global financial system, and your own personal portfolio. An indispensiblenew volume from the multimedia financial education company Motley Fool, WarrenBuffett Invests Like a Girl offers essential advice for every investorhoping to turn today s savings into wealth for a better tomorrow."
*** Wall Street Journal bestseller ***
Investing isn't a man's world anymore--and this provocative and enlightening book shows why that's a good thing for Wall Street, the global financial system, and your own personal portfolio.
Warren Buffett and all of the women of the world have one thing in common: They are better investors than the average man. It's been proved by psychologists and scientists, and the market calamities of the past two years have only provided more statistical and anecdotal evidence of the same. Here are just a few characteristics of female investors that distinguish them from their male counterparts.
- Women spend more time researching their investment choices than men do. This prevents them from chasing "hot" tips and trading on whims -- behavior that tends to weaken men's portfolios.
- Men trade 45% more often than women do, and although men are more confident investors, they tend to be overconfident. By trading more often -- and without enough research -- men reduce their net returns. But by trading less often, women get better returns and also save on transaction costs and capital gains taxes.
- A study by the University of California at Davis found that women's portfolios gained 1.4% more than men's portfolios did. What's more, single women did even better than single men, with 2.3% greater gains.
- Women tend to look at more than just numbers when deciding whether to invest in a company. They invest in companies they feel good about ethically and personally. And companies with good products, good services, and ethics tend to have better long-term prospects -- and face fewer lawsuits.
Women, with their capability for patience and good decision-making, epitomize the Foolish investment philosophy and the investment practices of the most successful investor in history: Warren Buffett. While men are brash, compulsive, and overly daring, women tend to be more studious, skeptical, and reasonable. This indispensable volume from the multimedia financial education company Motley Fool offers essential advice for every investor hoping to turn today's savings into wealth for a better tomorrow.
From the Back Cover
Investing isn't a man's world anymore--and that's a good thing for individual portfolios, Wall Street, and the world's financial system.
Warren Buffettand the women of the world have one thing in common: they are better investors than the average man. Psychologists and scientists have shown that women have the kind of temperaments that help them achieve long-term success in the market. For instance, women spend more time researching their investment choices and tend to take less risk than men do, which prevents them from chasing hot tips and trading on whims. And women aren't as susceptible to peer pressure as men are, which results in a more levelheaded, patient approach to investing. This book shows that women, with their patience and good decision making, epitomize the Foolish temperament of the most successful investor in the world. It will empower and educate women--and the men smart enough to embrace a feminine investing style--on how to strengthen their portfolios and find success in the market.
"You'll have to read her book to see the criteria she used, but I'd say I probably plead guilty." -- Warren Buffett
"At last, The Motley Fool hits on the real "secret to success" that dozens of other books on Warren Buffett have overlooked - temperament. A witty, well-researched roadmap." -- Daniel H. Pink, author of Drive: The Surprising Truth About What Motivates Us and A Whole New Mind: Why Right-Brainers Will Rule the Future
"A well-written, sound investment book....[A] fine, readable book which is of real practical help to investors." -- Andrew Kilpatrick, author of Of Permanent Value: The Story of Warren Buffett
"Lofton's BFF-style advice is fun to read and well-worth taking, whether your chromosomes are XX or XY." -- Nell Minow, corporate governance expert
"Through this refreshingly new approach to understanding Buffett, Lofton convincingly argues that both men and women can improve their stock returns by studying how women (and Buffett) have been more successful in investing." -- Prem Jain, author of Buffett Beyond Value: Why Buffett Looks to Growth and Management When Investing
"The essential ingredients of Buffett's investing philosophy have been overlooked until now, argues author Louann Lofton in her new, must-read book. ...Go forth, buy the book, and love your inner Buffett." -- DailyWorth.com
"Before reading Warren Buffett Invests Like a Girl, I thought that I had studied Warren Buffett from nearly every angle. LouAnn Lofton offers a new perspective on Buffett's investment success." -- Lauren Templeton, co-author of Investing the Templeton Way: The Market-Beating Strategies of Value Investing's Legendary Bargain Hunter, and founder of Lauren Templeton Capital Management
"Lofton lays out sound feminine and Motley Fool-worthy rules for investment that men would be wise to heed." -- Kirkus Reviews
Thoroughly researched... [Lofton] has drawn up a blue-print for sensible stock picking that is relevant irrespective of whether you are male or female. -- Daily Mail (London)
"Entertaining....The idea of using Mr. Buffett as the symbol for her investing approach is effective." -- New York Times
"Lofton (and the Fools) do an admirable job of parsing out the tried and true tenets of smart, sound investing and hitting on how you can improve your investment returns." -- USA Today