Good investment isn't necessarily about earning the highest returns, because the highest returns tend to be one-off hits that can't be repeated. Its about earning pretty good returns that you can stick with and which can be repeated for the longest period of time.
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Most of us believe that we are either good or bad with managing money. We look at our bank balances as a measure of our financial prudence. But, here comes a book, that tries to explain why we do what we do, and how the time value of money is not fancy buzzwords like NPV, but is more literal.
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Most good investing is about keeping your investment for the longest time possible. If you want to buy an investment just because its price went up, you probably don't know why it went up and will sell when it goes down.
Refrain from the need to own whatever goes up the mo...
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