The only investment guide you'll ever need

This record preserves its author, date and source link. Open HN to read the full context.

This record preserves its author, date and source link. Open HN to read the full context.

This record preserves its author, date and source link. Open HN to read the full context.

This record preserves its author, date and source link. Open HN to read the full context.

This record preserves its author, date and source link. Open HN to read the full context.

This record preserves its author, date and source link. Open HN to read the full context.

I just started reading Andrew Tobias's book, "The Only Investment Guide You'll Ever Need", and so far it looks like it will be good. End of the first chapter: "There are, in fact, very few ways to get rich quick. Fewer sill that are legal. Here's one: Take $5000 (borrow it if you have to), place it on 22 at the nearest roulette table, and win $175,000. Don't laugh. Many complicated schemes, if they were stripped of their trappings and somehow reduced to their underlying odds, would not be much less risky. It's the trappings - the story, the pitch - that obscure the odds and persuade people to ante up the $5000 they'd never dream of betting at roulette." He talks about how the book is about seeing the forest through the trees. You can learn all you want about a certain type of investment, but what you really need to know is whether you sho…