Investors are tempted daily with misinformation. They make lucky bets that breed false confidence, and their high-stakes gambles can take an emotional toll. How can anyone stay focused in such a volatile profession?

In Big Money Thinks Small, veteran fund manager Joel Tillinghast urges investors to act cautiously and follow five primary steps to successful investing:

Know yourself
Make decisions based on your own knowledge
Select trustworthy and capable colleagues and collaborators
Avoid businesses that seem destined to fail
Always search for bargains

Patience and methodical planning will pay far greater dividends than rash, bold investments. Through sensible instruction, Tillinghast teaches listeners how to ask the right questions in any investing situation and think objectively and generatively about portfolio management.