[{"@context":"http:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/wiki.edu.vn\/en\/wiki24\/jackass-investing-wikipedia\/#BlogPosting","mainEntityOfPage":"https:\/\/wiki.edu.vn\/en\/wiki24\/jackass-investing-wikipedia\/","headline":"Jackass Investing – Wikipedia","name":"Jackass Investing – Wikipedia","description":"before-content-x4 From Wikipedia, the free encyclopedia after-content-x4 Jackass Investing: Don’t do it. Profit from it. is a book written by","datePublished":"2015-10-19","dateModified":"2015-10-19","author":{"@type":"Person","@id":"https:\/\/wiki.edu.vn\/en\/wiki24\/author\/lordneo\/#Person","name":"lordneo","url":"https:\/\/wiki.edu.vn\/en\/wiki24\/author\/lordneo\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/c9645c498c9701c88b89b8537773dd7c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c9645c498c9701c88b89b8537773dd7c?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Enzyklop\u00e4die","logo":{"@type":"ImageObject","@id":"https:\/\/wiki.edu.vn\/wiki4\/wp-content\/uploads\/2023\/08\/download.jpg","url":"https:\/\/wiki.edu.vn\/wiki4\/wp-content\/uploads\/2023\/08\/download.jpg","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/en.wikipedia.org\/wiki\/Special:CentralAutoLogin\/start?type=1x1","url":"https:\/\/en.wikipedia.org\/wiki\/Special:CentralAutoLogin\/start?type=1x1","height":"1","width":"1"},"url":"https:\/\/wiki.edu.vn\/en\/wiki24\/jackass-investing-wikipedia\/","about":["Wiki"],"wordCount":1873,"articleBody":"     (adsbygoogle = window.adsbygoogle || []).push({});before-content-x4From Wikipedia, the free encyclopedia       (adsbygoogle = window.adsbygoogle || []).push({});after-content-x4Jackass Investing: Don’t do it. Profit from it. is a book written by Michael Dever published by Ignite LLC in 2011. Dever is the founder and CEO of Brandywine Asset Management, Inc., an investment management firm founded in 1982.[1]The book has also been released under the title Exploiting the Myths: Profiting from Wall Street’s misguided beliefs.[2]       (adsbygoogle = window.adsbygoogle || []).push({});after-content-x4Table of ContentsOverview[edit]The Myths[edit]References[edit]External links[edit]Overview[edit]“Jackass Investing” is a best-selling[2][3] investment book that challenges conventional investment wisdom[1] and presents an entirely new system of thought.[4]  The book describes 20 common investment myths[2] and explains why each is a myth and not a fact.[4]The book is based on the trading philosophy of author Michael Dever.  Dever’s trading philosophy is based on broad strategy and market diversification.[5][6]       (adsbygoogle = window.adsbygoogle || []).push({});after-content-x4According to Dever, the definition of “Jackass Investing” is taking unnecessary risk.[7]The book was published in 2011, but Dever initially developed the idea for the book in 1999.[1]  He decided to write “Jackass Investing” to systematically refute major investment myths by presenting the truth.  He believes that most investment professionals preach similar “myths” that prohibit investors from creating truly diversified portfolios.Dever introduces the concept of “return drivers” and explains how to use them to create trading strategies, which are the components necessary to create a truly diversified portfolio.[4]  A return driver is the core underlying reason that drives the price of a market.[2]The Myths[edit]The “myths” include the following:Myth #1:  Stocks Provide an Intrinsic ReturnMyth #2:  Buy and Hold Works Well for Long Term InvestorsMyth #3:  You Can’t Time the MarketMyth #4:  “Passive” Investing Beats “Active” InvestingMyth #5:  Stay Invested So You Don’t Miss the Best DaysMyth #6:  Buy Low, Sell HighMyth #7:  It’s Bad to Chase PerformanceMyth #8:  Trading is Gambling – Investing is SaferMyth #9:  Risk Can Be Measured StatisticallyMyth #10: Short Selling is Destabilizing and RiskyMyth #11: Commodity Trading is RiskyMyth #12: Futures Trading is RiskyMyth #13: It’s Best to Follow Expert AdviceMyth #14: Government Regulations Protect InvestorsMyth #15: The Largest Investors Hold All the CardsMyth #16: Allocate a Small Amount to Foreign StocksMyth #17: Lower Risk by Diversifying Across Asset ClassesMyth #18: Diversification Failed in the ’08 Financial CrisisMyth #19: Too Much Diversification Lowers ReturnsMyth #20: There is No Free LunchReferences[edit]^ a b c “Your Investments: Top fund manager shares some tips”. The Jerusalem Post. November 17, 2011.^ a b c d “Author of “Jackass Investing” employs the multi-strategy systematic model he preaches”. Opalesque’s Emerging Manager Monitor. Opalesque. May 2012.^ “Philly Deals: ‘Jackass’ Investing, not quite the Bogle way”. Philly.com. July 11, 2012.^ a b c “Jackass Investing: Don’t do it. Profit from it”. Futures Magazine. July 11, 2011. Archived from the original on December 15, 2012. Retrieved February 14, 2013.^ “From rural Pennsylvania, Brandywine takes on the world”. Automated Trader. Fourth Quarter 2012. Archived from the original on 2018-09-11. Retrieved 2013-02-14.^ “Getting Along with Your MOM (‘Manager of Managers’)”. Financial Trader. 4 (5).^ “Myth: Largest Investors Hold All the Cards”. ai-CIO.com. Asset International. January 16, 2013. Archived from the original on January 20, 2013. Retrieved February 14, 2013.External links[edit]       (adsbygoogle = window.adsbygoogle || []).push({});after-content-x4"},{"@context":"http:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https:\/\/wiki.edu.vn\/en\/wiki24\/#breadcrumbitem","name":"Enzyklop\u00e4die"}},{"@type":"ListItem","position":2,"item":{"@id":"https:\/\/wiki.edu.vn\/en\/wiki24\/jackass-investing-wikipedia\/#breadcrumbitem","name":"Jackass Investing – Wikipedia"}}]}]