{"product_id":"investing-the-last-liberal-art-9780231160100","title":"Investing: The Last Liberal Art","description":"\u003cp\u003eRobert G. Hagstrom is one of the best-known authors of investment books for general audiences. Turning his extensive experience as a portfolio manager at Legg Mason Capital Management into valuable guidance for professionals and nonprofessionals alike, he is the author of six successful books on investment, including \u003ci\u003eThe Warren Buffett Way\u003c\/i\u003e, a \u003ci\u003eNew York Times\u003c\/i\u003e best-seller that has sold more than a million copies. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eIn this updated second edition of \u003ci\u003eInvesting: The Last Liberal Art\u003c\/i\u003e, Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. He discusses, for instance, how the theory of evolution disrupts the notion of the efficient market and how reading strategies for literature can be gainfully applied to investing research. Building on Charlie Munger's famous \"latticework of mental models\" concept, Hagstrom argues that it is impossible to make good investment decisions based solely on a strong knowledge of finance theory alone. He reinforces his concepts with additional data and a new chapter on mathematics, and updates his text throughout to reflect the developments of the past decade, particularly the seismic economic upheaval of 2008. He has also added a hundred new titles to the invaluable reading list concluding the book. \u003cp\u003e\u003c\/p\u003e\u003cb\u003ePraise for the first edition: \u003c\/b\u003e\u003cp\u003e\u003c\/p\u003e\"I read this book in one sitting: I could not put it down.\"--Peter L. Bernstein, author of \u003ci\u003eAgainst the Gods: The Remarkable Story of Risk \u003c\/i\u003e\u003cp\u003e\u003c\/p\u003e\"Elegant and irresistible. Robert G. Hagstrom makes the complex clear as he confidently crisscrosses through the disciplines of finance, biology, physics, and literature. The only way to understand investing better, [Investing] shows, is to understand the world better. Ideas spark off the page at every turn. This is simply a gem of a book.\"--James Surowiecki, \u003ci\u003eNew Yorker \u003c\/i\u003e\u003cp\u003e\u003c\/p\u003e\"Investing is a brisk and engaging read, and it is a pleasure to be in the presence of Hagstrom's agile mind.\"--\u003ci\u003eInternational Herald Tribune\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Robert Hagstrom\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Columbia Business School Publishing\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/08\/2013\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 216\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.05lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.30w x 1.10d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780231160100\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eLibrary Journal\u003c\/i\u003e 03\/15\/2013 pg. 113\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003eRobert G. Hagstrom is chief investment strategist at Legg Mason Investment Counsel and the author of the \u003ci\u003eNew York Times\u003c\/i\u003e best-selling \u003ci\u003eThe Warren Buffet Way\u003c\/i\u003e. He is also the author of \u003ci\u003eThe Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy\u003c\/i\u003e; \u003ci\u003eThe Essential Warren Buffett: Timeless Principles for the New Economy\u003c\/i\u003e; \u003ci\u003eNASCAR Way: The Business That Drives the Sport\u003c\/i\u003e, and \u003ci\u003eThe Detective and the Investor: Uncovering Investment Techniques from the Legendary Sleuths\u003c\/i\u003e.\u003cbr\u003e","brand":"booksdeli.com","offers":[{"title":"Robert Hagstrom \/ Hardcover \/ English","offer_id":47809094451357,"sku":"9780231160100","price":47.91,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0619\/5648\/9373\/files\/img_3bbd0189-7e9b-43aa-8f6b-224004db4629.jpg?v=1775556274","url":"https:\/\/booksdeli.com\/products\/investing-the-last-liberal-art-9780231160100","provider":"booksdeli.com","version":"1.0","type":"link"}