Big Money Thinks Small

Joel Tillinghast is a Chartered Financial Analyst (CFA) charterholder and thirty-six-year veteran of the investments industry. He has been the manager of the Fidelity® Low-Priced Stock Fund since 1989.

Investors are tempted daily by misleading or incomplete information. They may make a lucky bet, realize a sizable profit, and find themselves full of confidence. Their next high-stakes gamble might backfire, not only hitting them in the balance sheet but also taking a mental and emotional toll. Even veteran investors can be caught off guard: a news item may suddenly cause havoc for an industry they've invested in; crowd mentality among fellow investors may skew the market; a CEO may turn out to be unprepared to effectively guide a company. How can one stay focused in such a volatile profession? If you can't trust your past successes to plan and predict, how can you avoid risky situations in the future? In Big Money Thinks Small, veteran fund manager Joel Tillinghast shows investors how to avoid making these mistakes. He offers a set of simple but crucial steps to successful investing.

ForewordAcknowledgmentsPart I: Sleight of Mind1. It¿s a Mad, Mad World2. Silly Human Tricks (Decision Biases)3. Gamblers, Speculators, and Investors4. Mind Over MoneyPart II: Blind Spots5. Need to Know?6. It's the Simple Life for Me7. Thinking Small8. Bulls in the China ShopPart III: Honest, Capable Fiduciaries9. Dare to Be Great! Or, Distinctive Character10. Bang for the Buck11. Do the Bad Guys Wear Black Hats?12. Shipping Bricks and Other Accounting RiddlesPart IV: Live Long and Prosper13. Is the End Near?14. Oil Gushers and Slicks15. Tech Stocks and Science Fiction16. How Much Debt Is Too Much?Part V: What¿s It Worth?17. Will the Lowest Be Raised Up?18. Which Earnings Number?19. The Art of Judging Value20. Double Bubble Trouble21. Two ParadigmsIndex