Forever Investing: The Investment Strategy Of History’s Greatest Investors

Forever Investing: The Investment Strategy of History’s Greatest Investors by Michael T. Nowacki

Forever Investing – Description

Over the last fifty years, the average holding period of a stock in the United States has plummeted. In the 1960s, it was eight years; now it’s just several days. And yet historically many of America’s most successful investors have been forever investors—buying ownership in companies with the goal of keeping those assets indefinitely, if not forever.

In this insightful, easy-to-read guide, author Michael T. Nowacki challenges current thinking about stock holding and investing. He proposes that today’s investors take their cues from business titans of the past and present. He advises adopting a more long-term approach to choosing, making, and holding stock market purchases. In short, rather than seeing yourself as a stock owner, he recommends you see yourself as a business owner.

Warren Buffett: If You Own A Good Business, Keep It

Berkshire Hathaway Warren BuffettBuying private businesses is easier than acquiring public firms, and investors should avoid selling good investments at all costs, according to the Oracle of Omaha, Warren Buffett. Q2 2020 hedge fund letters, conferences and more In an interview with CNBC in March 2013, Buffett was asked if he was looking at any businesses, in particular, Read More

In Forever Investing, Nowacki examines the strategies of some of the greatest investors in history, including John D. Rockefeller Sr., Andrew Carnegie, Shelby Cullom Davis, the Koch brothers, and Warren Buffett. Then, drawing on these luminaries’ practices, he explains how you can get into a forever investing mind-set. Once you accomplish that, you will make better, more stable, and more productive investment decisions.

Forever Investing: The Investment Strategy of History’s Greatest Investors by Michael T. Nowacki

Forever Investing – Review

They say that great minds think alike, and Michael has a great mind. I have known him for years, and every piece of advice he’s ever given me is brilliant. His new book is not like most of what you’ll find in the finance section. Like our mentor Benjamin Graham, this is intelligent investing, and an encompassing assessment of modern stock market psychology. I especially liked the paragraph in the opening chapter with the header: “Businesses are not static”. So many investors today forget that the future is both something that exists, and is always changing.

The rest of the book is also excellent. He draws a clear distinction between when to buy and when to sell, and how to even find good opportunities in the first place. Most importantly, he covers how to both ignore and exploit the short-term foolishness that we encounter on a daily basis in the stock market. The reading is focused and easy to digest, and I recommend it whole-heartedly.

Best of luck in your future investing, Matthew Waterman, Seeking Alpha Contributor.

About the Author

Michael T. Nowacki received a bachelor’s degree in economics from The Ohio State University and a master’s degree in financial economics from Ohio University.

He is the co-founder and owner of Forever Investing and Thrifty Investing. His interests include the American Revolution, Gilded Age, and golf architecture.

Forever Investing – Review