The Uncertainty Solution
How to Invest with Confidence in the Face of the Unknown
by John M. Jennings
Narrated by Eric Burgher
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Pub Date 02 May 2023 | Archive Date 30 Jun 2023
Greenleaf Audiobooks, Greenleaf Book Group Press
This is not a typical investment book. It is an experiential guide on cultivating the mindset and behavior necessary to weather inherently uncertain and unpredictable markets. It doesn’t just tell you how to invest but how to think better about investing. Referencing studies on psychology, decision making, and investment behavior, Jennings provides a no-nonsense analysis of the financial markets and a road map to navigating its inevitable twists and turns.
Jennings uses mental models to create a latticework of wisdom that will help you evaluate investment advice and learn better behavior in the face of uncertainty. To name a few: ignore expert predictions, be wary of stories, and try to invest like a dead person.
An engaging dive into investing psychology and best practices, The Uncertainty Solution is an authoritative, accessible guide for both lay investors and professionals inundated with financial news and data. Read this book to improve your thinking about investing, practice better investment behavior, and ultimately, have more money.
“The Uncertainty Solution is a must-have addition to anyone’s reading list who is interested in developing habits that will make them a more successful lifelong investor.”
—Charles R. (“Chuck”) Schwab, Co-Chairman and Founder of the Charles Schwab Corporation
“Uncertainty is the only certainty there is, whether in investing or in life. In this clear, logical, and well-researched book, Jennings eschews jargon, weaving engaging stories to imprint mental models that facilitate good decision making not only in the investment realm but in the world beyond. The Uncertainty Solution makes the complex understandable and somehow does so while having fun along the way.”
—Kim Walker, retired Chief Investment Officer of the Washington University Investment Management Company
“Jennings is a premier thought leader in the wealth management industry. Weaving together stories and research in The Uncertainty Solution, he provides investors with mental models to make better decisions and practice better investment behavior. If you’d like to have more money in the future, I highly recommend this engaging and accessible book about how to think better about investing.”
—James S. Turley, retired Chair and CEO of Ernst & Young
“In The Uncertainty Solution, Jennings provides exactly what you need to know about investing, even though it’s really about how the mind works. Through his clever storytelling and examples, he delivers terrific insights into what can be a complicated topic but in a very accessible and entertaining way. If you want to learn how investing really works and cut through all the hype, start with this brilliant book.”
—Patrick Geddes, Co-Founder of Aperio Group and author of Transparent Investing
“Jennings shows why successful investing requires accepting that the investment world is full of uncertainty and randomness and that the future is unpredictable. However, he also shows that investors aren't powerless in the face of uncertainty. In fact the key to success is to shut out the noise of the markets and the media, ignore the forecasts of market gurus, avoid making decisions based on fear or greed, and avoid the mistakes of loss aversion, overconfidence, and hindsight bias. Success requires embracing uncertainty and preparing for it through the development of an investment plan that is well diversified and lays out simple algorithmic rules of engagement, such was when to rebalance.”
—Larry Swedroe, Chief Research Officer of Buckingham Wealth Partners and the co-author of Your Essential Guide to Sustainable Investing
“The habits that serve us well in most of life serve us badly in investment management. In most things, for example, the past is a perfectly useful guide to the future—but not when it comes to investing money, where uncertainty and luck play a far larger role than most people realize. The Uncertainty Solution identifies the worst of our bad behaviors and helps us navigate the randomness of the stock market. Any investor would benefit from John M. Jennings’ insights and advice.”
—Craig Lazzara, Managing Director of S&P Dow Jones Indices
|7 Hours, 23 Minutes, 32 Seconds
Available on NetGalley
Average rating from 2 members
Superb! I listened to this and couldn’t stop thinking and listening! Even got to a point where I was listening and constantly annotating! Excellent tips and business savvy ideas for career enhancement and career planning! If you are an entrepreneur or employee hoping for your next promotion. Or even if you feel as though you’re stuck in a dead end job! I was highly motivated and it’s a motivation that will stick with me for years to come!