Close, but no cigar.
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Imagine an irrepressible manager who goes on a course where he actually learns something new (like Myers-Briggs personality types) and then comes back into the office fired up with enthusiasm. Perhaps you know the type; suddenly absolutely everything must bend to this new discovery. Well, Jim Ware did not merely bore his colleagues stupid with his new-found knowledge, he went on to write a book on the subject.
Perhaps more irritating than his born-again enthusiasm is the chatty “let’s-have-fun-at-the-same-time” tone of his writing. So instead of a rigorous, balanced appraisal of the influence of character type on investment style, Jim Ware simply tells us how it is. According to him. Without hard evidence. Or soft evidence. Or indeed anything to back up his assertions.
There is no doubt that there is immense potential (as yet untapped) for investment professionals to gain performance advantage by understanding the styles of thinking that produce success, and Jim Ware is enthusiastic because he knows he is on to something, but this book does not tell us what it is, or how to use it. Even so, 3 stars because this is the closest of anything on the market.
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