Robert G. Hagstrom convincingly advances the thesis that successful investing, in the long term, is dependent upon cross-connecting ideas from the whole spectrum of human experience. Working with seminal concepts from physics, biology, the social sciences, psychology, philosophy and literature, Hagstrom has crafted a roadmap for those who wish to elevate their decision-making processes. getAbstract.com highly recommends this illuminating book to anyone willing to devote the necessary time and energy to improving investment performance by embracing concepts from less familiar disciplines.
In this summary, you will learn
- The basics of systems theory and how they apply to economics and investing;
- The concept of mental models, and how to build them and layer them to create an analytical latticework, and
- How to apply these critical-thinking tools to the practice of investing.
About the Author
Robert G. Hagstrom’s first book, The Warren Buffett Way, sold more than 750,000 copies and spent 21 weeks on the New York Times bestseller list. He currently serves as Senior Vice President and Director for Legg Mason Focus Capital, a global financial services company. He lives with his family in Wayne, PA.