Mark Skousen: Investing in One Lesson

Fergus Hodgson, 3 November 2016

One of the cannons of economics inspired Mark Skousen. After reading Economics in One Lesson (1946) by Henry Hazlitt, he pondered what the most fundamental lesson might be for investment, and the end product was his own book, Investing in One Lesson (2007).

The lesson, that Wall Street is not Main Street, leaves one hanging, and I read and reviewed the book myself this year. The key implication, Skousen notes, is that the fluctuations of Wall Street do not abide by common sense and are often counter-intuitive.

Mark Skousen is a long-time attendee and popular speaker at the New Orleans Investment Conference, pictured here in 2016. (Pat Garin)

Recommended Links

Where Are the Customers’ Yachts? by Fred Schwed (208 pages, Wiley, 1940).
“Behavioral Economics,” by Richard Thaler and Sendhil Mullainathan, Library of Economics and Liberty.
Stocks for the Long Run by Jeremy Siegel (448 pages, McGraw-Hill Education, 2014).

Fergus Hodgson (@FergHodgson) is an economic consultant and Gold Newsletter‘s roving editor.