Jump to ContentJump to Main Navigation
InvestingThe Last Liberal Art, Second Edition$
Users without a subscription are not able to see the full content.

Robert Hagstrom

Print publication date: 2013

Print ISBN-13: 9780231160100

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231160100.001.0001

Show Summary Details
Page of

PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 24 September 2021



(p.104) 7 Literature

Robert G. Hagstrom

Columbia University Press

This chapter explains how to make good choices about what literature to read and how to read in an intelligent, perceptive way so as to enhance knowledge and to apply that knowledge in investing. The process of moving from understanding less to understanding more is a critical journey for anyone who wishes to gain wisdom. It is not a simple matter of reading one book, setting it aside, and reaching for the next one. Achieving real understanding requires hard work and deep thinking. Mortimer J. Adler proposes that all active readers need to keep four fundamental questions in mind: What is the book about as a whole? What is being said in detail? Is the book true, in whole or part? What of it? This chapter describes how knowledge gained from reading a book can be integrated into a latticework of mental models, and how being a careful reader is beneficial to investors. It shows that the very act of reading—whether novels, poetry, essays, plays, short stories, or even popular fiction—critically improves analytical skills and that the mental skill of critical analysis is fundamental to success in investing.

Keywords:   knowledge, investing, reading, Mortimer J. Adler, book, latticework of mental models, analytical skills, critical analysis, literature

Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .