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Investing – The Last Liberal Art, Second Edition - Columbia Scholarship Online
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Investing: The Last Liberal Art, Second Edition

Robert Hagstrom


This updated second edition explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. It discusses 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, the book argues that it is impossible to make good investment decisions based solely on a strong knowledge of finance theory alone. The concepts are ... More

Keywords: investing, physics, biology, sociology, psychology, philosophy, literature, theory of evolution, finance theory, mathematics

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780231160100
Published to Columbia Scholarship Online: November 2015 DOI:10.7312/columbia/9780231160100.001.0001


Affiliations are at time of print publication.

Robert Hagstrom, author

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