Warren Buffett Invests Like a Girl—And Why You Should, Too
I was excited when my friends over at The Motley Fool told me about their new book, Warren Buffett Invests Like a Girl: And Why You Should, Too.
The title alone is intriguing, but so is the premise: Women have innate qualities that make them better investors than men. Author LouAnn Lofton points to eight traits common to women (and to Mr. Buffett), including their patience (they trade less often, so they save on fees and benefit from long-term growth), their lack of overconfidence (they admit what they don’t know and ask questions), and their diligence (they research before investing so they buy stocks they understand).
So many women still (falsely!) assume that men were born with money skills. Thankfully, this book turns that theory on its head. Women who pick it up will get an immediate confidence boost once they realize that they were the ones blessed with the investing genes.
Plus, the book is practically a how-to investment guide, full of tips based on Buffet’s life story, investment philosophy, and all-around wisdom. (In Yiddish, we’d call him a mensch—a downright honorable guy!) Even if you’ve never invested before, you’ll learn the basics of how to pick and choose stocks. And who better to learn from than the legend himself?
But remember, investing in stocks is risky business, and you should consider it only if you’ve already invested in your 401(k) or IRA, built an emergency fund, and don’t have any upcoming big expenses that would require the invested money.
Pick up a copy of the book and let me know what you think.