The key to Ralph Birchmeier's __Reason to Pass__ is actually right there in the title. The key to making better investments is to make fewer investments, spending more time on effective decision-making. The author uses his decades of experience to explain how (and why) to invest for the long-term with a focus on patience and humility rather than over-confidence and conviction.

The book covers a broad range of investment advice including references to the strategies of Investment gurus Warren Buffett and Charlie Munger. Birchmeier shys away from one-size-fits-all approach and instead offers the reader clear explanations of multiple options so that we can define the strategy that works best for us. He explains the behaviour biases that can cause us to risk our money unwisely and offers practical advice to improve our financial decisions. At times I found the text difficult to keep up with. Birchmeier assumes a higher knowledge than I have. As a result, I read it in small bursts over a period of six months. Despite the difficulty level, or perhaps because of it, the book was instrumental in highlighting the gaps in my understanding and resulted in my expanding my investment knowledge at a rapid rate.

I would recommend this to readers who are serious about improving their investment decision-making skills. Birchmeier offers a realistic approach to investing and shines a clear light on the complex and often confusing world of investing.

The book on investments with a good overview of multiple strategic options. The book helps to navigate through complexity of investing long term and provides ideas on types of investments. The principles suggested in the book examine specific reasons to pass on investments, detailing behavioral biases that disrupt optimal decision making. This is a good view on strategic long term thinking in unpredictable future.