Outsmarting the Crowd

A Value Investor's Guide to Starting, Building, and Keeping a Family Fortune

Non-Fiction - Business/Finance
226 Pages
Reviewed on 12/20/2015
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    Book Review

Reviewed by Janelle Fila for Readers' Favorite

Outsmarting the Crowd: A Value Investor's Guide to Starting, Building, and Keeping a Family Fortune by Bogumil K. Baranowski is a non-fiction book that states that normal individuals are wired to fail when it comes to money and investment choices. The author sets forth a group of "rules" he has assembled over the last ten years from the world's most successful investors. Himself an experienced investor, he believes these rules, set forth in the book, are a great road map or guide for young or inexperienced investors that covers the most common investing mistakes. It is an easy to read, easy to understand book that makes it so unique compared to other books written about financial topics. The book has many personal stories from the author about his experiences, but also brings the reader into the pages by asking questions and giving small tasks and examples for the reader to focus on and think about, especially when it comes to money and investing in the reader's personal life.

While many other books covering this topic can be confusing, or can misinform, intimidate, or do not draw from real, personal experience, that is not the case in this book. That's what makes this book so unique and one of a kind. The writing is very straightforward, comprehensive, and easy to follow, especially for readers who might not be the most well versed when it comes to complicated investment or financial terms. It covers the emotional aspect of investing, which is a very interesting concept and one that most readers probably are not familiar with from other books.