Shaw Capital Management Factoring: Investment Tips for the Accident-Prone

Shaw Capital Management Factoring: Investment Tips for the Accident-Prone http://www. nytimes. com/2011/07/10/business/mutfund/investment-tips-for-the-accident-pronereview. html?_r=1 IT’S one of the oldest jokes on Wall Street: “What’s the easiest way to... More

Shaw Capital Management Factoring: Investment Tips for the Accident-Prone http://www. nytimes. com/2011/07/10/business/mutfund/investment-tips-for-the-accident-pronereview. html?_r=1 IT’S one of the oldest jokes on Wall Street: “What’s the easiest way to end up with $1 million in the stock market?” “Startwith $2 million. ” Yes, in good markets and bad, investors invariably find ways to reduce the value of their holdings by doing stupid things. But two new personal finance books are intended to keep you from becoming part of the punch line. The one that offers the most specific advice, in addition to being more entertaining, is by LouAnn Lofton, managing editor for online content at Fool. com, the Web site of the Motley Fool, the financial education company that also offers its own mutual funds. She argues that investors need to do research, be realistic, think long term and learn from mistakes. But that would make an awkward title, so Ms. Lofton calls her book “Warren Buffett Inve Less