Investing is an Art, Only

It is true that investing has no hard and fast rules.

There are no sure bets in investing, no clear answers, and no absolutes.

The ability to invest comes from experience and a lot of wisdom and learnings.

That is probably unhelpful - if there are no hard and fast rules to cling to, how can one get into the practice of investing, and do well in it?

Atul Gawande

If there are any pointers towards the right answer, however, the abovenamed author wrote a book on how to try to streamline the investing thinking process. The book is called "The Checklist Manifesto".

The checklist, similar to the types used by pilots on aeroplanes and recreated by doctors in hospitals advised by the World Health Organisation, are used to guide pilots and doctors in their craft to ensure that they do everything right, or that they didn't miss out any important steps.

Atul Gawande writes of his experience in transposing the checklist from the pilots' to the doctors' context, and then also points out that checklists have been and can be used by investors in the context of investing.

There are, to repeat, no hard and fast rules in investing, but the proposed format and outline of Atul Gawande's checklists are in fact quite practical and helpful to help any investor streamline their investing thinking processes.

Kinokuniya

A note of caution - the checklist as proposed by Atul Gawande tells you what the checklist ought to look like but does not tell you what it's contents should be, particularly for the investing industry.

For a copy of this helpful book and its proposed approach to the investing checklist, click here.

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