Thursday, June 16, 2011

In case you missed it: The Checklist Manifesto in Review

Frank Voisin who writes extensively on investing posted a review of The Checklist Manifesto on his website. As many of you know, that book was actually what convinced me that checklists were an effective investment tool. As Frank states in his review the book doesn't really appear to be about investing:

At first glance, today’s book may not appear to be related to investing, but I assure you that its key teachings can and should be applied to your investment decision-making process (and in fact are used by many top value investors, including Mohnish Pabrai, author of The Dhandho Investor and Guy Spier of Aquamarine Capital). The reason I can make such a normative statement with confidence is that the nature of the challenges facing investors allow these challenges to be best handled through the use of checklists.

If you have not already done so, take a look at Frank's blog post as he gives you a nice overview of the lessons that can be learned from The Checklist Manifesto: How to Get Things Right.

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