The Forest, Not The Trees

The world of investing is far from simple and you should distrust anyone who tells you different and promises sure-fire, risk-free, set-it-and-forget-it results. Every investment and every course of action comes with pros and cons, upside and downside. And without confusing you, my book is an attempt to present you with a diversity of options and a range of points of view.

Yet the world’s most successful investors, while never fooling themselves that investing is easy, don’t get lost in the endless detail of the trees, but keep their focus on the big picture of the forest. They use certain broad principles as their guiding stars.

One thing that can help you navigate this tension between complexity and simplicity is to adopt a process that is consistent and repeatable, but also flexible and adaptable.