Ebook: Investing: the last liberal art

A latticework of mental models -- Physics -- Biology -- Sociology -- Psychology -- Philosophy -- Literature -- Mathematics -- Decision making -- Reading list of St. John's College.;Robert G. Hagstrom is one of the best-known authors of investment books for general audiences. In Investing: the Last Liberal Art, he explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. He discusses, for instance, how the theory of evolution disrupts the notion of the efficient market and how reading strategies for literature can be gainfully applied to investing research. Building on Charlie Munger's famous "latticework of mental models" concept, he argues that it is impossible to make good investment decisions based solely on a strong knowledge of finance theory. For this second edition, Hagstrom reinforces his concepts with additional data and a new chapter on mathematics. In addition, he updates the text throughout to reflect the cause and effect of the economic and capital market volatility over the past decade. He has also added one hundred new titles to the invaluable reading list that concludes the book.