A Wealth of Common Sense book cover

A Wealth of Common Sense by Ben Carlson Summary

A Wealth of Common Sense
Ben Carlson
4.06 (747 Reviews)
Finance
Business
Economics
개요
핵심 요점
저자
자주 묻는 질문

Overview of A Wealth of Common Sense

In "A Wealth of Common Sense," Ben Carlson demolishes Wall Street's complexity myth. While billionaire Ray Dalio praises complex strategies, Carlson reveals a counterintuitive truth: the simplest investment approaches consistently outperform. What if financial success requires less effort, not more?

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핵심 내용

1

Why Your Investment Strategy Is Probably Too Complicated

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Your portfolio contains seventeen mutual funds, eight individual stocks, two alternative investments, and a cryptocurrency position you barely understand. You check it three times daily, read market commentary obsessively, and lose sleep when headlines turn negative. Meanwhile, your neighbor owns three index funds, checks his account quarterly, and sleeps soundly. Who do you think will be wealthier in twenty years? The uncomfortable truth is that investment success rarely comes from doing more-it comes from doing less, but doing it consistently. Complex strategies create an illusion of control while actually increasing the odds of costly mistakes. Markets crashed in March 2020. Investors who panicked and sold locked in devastating losses. Those who maintained discipline and rebalanced into stocks captured the subsequent recovery. What separated these groups wasn't intelligence or market knowledge-it was focus. One group obsessed over uncontrollable variables like pandemic trajectories and Federal Reserve decisions. The other focused exclusively on controllable factors: their savings rate, asset allocation, and rebalancing schedule. This distinction determines investment outcomes more than any other factor. You cannot control interest rates, inflation, geopolitical events, or market sentiment. Worrying about these elements wastes mental energy that could be directed toward productive activities. Instead, control your savings rate, minimize costs, maintain appropriate diversification, and manage behavioral errors. When you create systematic processes for these controllable elements, market volatility becomes background noise rather than a crisis requiring constant attention.

2

The Strategy You Can Actually Follow Beats the Perfect One You Can't

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Why Smart People Make Terrible Investors and the Limits of Intelligence

4

The One Decision That Determines Everything

5

The Uncomfortable Truth About Getting Rich Slowly

6

Building Wealth That Actually Matters

7

Money as a Tool for Living

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@Raaaaaachelw
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@Matt, YC alum
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"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
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@Leo, Law Student, UPenn
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@Moemenn
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@Chloe, Solo founder, LA
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@Raaaaaachelw
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@Matt, YC alum
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"Reading used to feel like a chore. Now it’s just part of my lifestyle."

@Erin, Investment Banking Associate , NYC
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254
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"Feels effortless compared to reading. I’ve finished 6 books this month already."

@djmikemoore
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