Book picks similar to
Everyone Believes It; Most Will Be Wrong: Motley Thoughts on Investing and the Economy by Morgan Housel
economics
investment
finance
nonfiction
Bulls, Bears and Other Beasts
Santosh Nair - 2016
A comprehensive account of the stock market over the last 25 years, it tells you what to watch out for while investing. It also looks at policies that the government needs to revise if the country is to harness domestic capital more effectively. This is a must-read for all interested in the financial health of the country as well as those who want to know about the sensational events that led up to the far more sterile stock-market operations of the present day.
The Smartest Retirement Book You'll Ever Read
Daniel R. Solin - 2009
Follow the advice in "The Smartest Retirement Book You'll Ever Read" and you will: Find simple strategies to maximize your retirement nest eggSteer clear of scams that rob you of your hard-earned savingsEnsure that your money lasts longer than you doAvoid the common mistakes that can leave your spouse impoverishedDiscover financial lifelines no matter how desperate the economy"If you want a handy guide that provides information in small chunks, Solin's book is it." -"Newark Star-Ledger"
Getting a Life: Real Lives Transformed by Your Money or Your Life
Jacquelyn Blix - 1997
Its inspiring, down-to-earth nine-step program has empowered hundreds of thousands to transform their relationship with money, reorder material priorities, achieve financial freedom, and live well for less. Now, in Getting a Life, authors Jacqueline Blix and David Heitmiller, a married couple, explain how they gradually transformed their lives over the past six years by using the program. Jacque and David tell how they left their hectic, fast-track lives - two corporate jobs, expensive cars, exotic trips, thoughtless overspending - for an existence that reflects their true values and life purpose. These self-styled "reformed yuppies" are joined by more than two dozen individuals and families of diverse backgrounds who share their own stories of frugality and fulfillment. Here, with an inspiring introduction by the authors of Your Money or Your Life, are dispatches from the front on such issues as paying for health care, raising children in a materialistic world, and breaking the link between what you do for a living and who you are. Here too are proven, practical ideas on how to use each step of the program: the toughest challenges, the most common pitfalls. And here are frank insights into some of the deepest philosophical issues that arise when one adopts this wholeness of livelihood and lifestyle called Getting a Life.
Living Rich by Spending Smart: How to Get More of What You Really Want
Gregory Karp - 2008
Now, award-winning Tribune Company personal finance columnist Gregory Karp shows how to do just that. This book isn't about depriving yourself: you don't have to become a financial anorexic, and you won't have to start dumpster diving! Instead, Gregory Karp shows how to build real, long-lasting wealth by plugging the money leaks you're barely even aware of, and making sure you spend with a purpose. Drawing on everything he's learned writing his prize-winning weekly column, Karp reveals surprisingly painless, little-known techniques for eliminating wasteful spending in every area of your financial life. Karp shows how to spend on what you really care about, not what you don't... understand the real value of comparison shopping...save money in giving gifts without becoming a cheapskate. Karp shows how to slash your phone bill... spend less on food without changing what you like to eat... eliminate spending leaks in insurance, education, entertainment and beyond. From the clothes you wear to the cars you drive, Living Rich by Spending Smart will help you build a life that's truly rich, because it's truly financially secure.
The Behaviour Gap: Simple Ways to Stop Doing Dumb Things with Money
Carl Richards - 2012
They were letting emotion get in the way of smart financial decisions. He named this phenomenon-the distance between what we should do and what we actually do-"the behavior gap." Using simple drawings to explain the gap, he found that once people understood it, they started doing much better.Richards's way with words and images has attracted a loyal following to his blog posts for The New York Times, appearances on National Public Radio, and his columns and lectures. His book will teach you how to rethink all kinds of situations where your perfectly natural instincts (for safety or success) can cost you money and peace of mind.He'll help you to:avoid the tendency to buy high and sell low; avoid the pitfalls of generic financial advice; invest all of your assets-time and energy as well as savings-more wisely; quit spending money and time on things that don't matter; identify your real financial goals; start meaningful conversations about money; simplify your financial life; stop losing money!It's never too late to make a fresh financial start. As Richards writes: "We've all made mistakes, but now it's time to give yourself permission to review those mistakes, identify your personal behavior gaps, and make a plan to avoid them in the future. The goal isn't to make the 'perfect' decision about money every time, but to do the best we can and move forward. Most of the time, that's enough."
The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment
Guy Spier - 2014
In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager. But the path was not so straightforward. Spier reveals his transformation from a Gordon Gekko wannabe, driven by greed, to a sophisticated investor who enjoys success without selling his soul to the highest bidder. Spier's journey is similar to the thousands that flock to Wall Street every year with their shiny new diplomas, aiming to be King of Wall Street. Yet what Guy realized just in the nick of time was that the King really lived 1,500 miles away in Omaha, Nebraska. Spier determinedly set out to create a new career in his own way. Along the way he learned some powerful lessons which include: why the right mentors and partners are critical to long term success on Wall Street; why a topnotch education can sometimes get in the way of your success; that real learning doesn't begin until you are on your own; and how the best lessons from Warren Buffett have less to do with investing and more to do with being true to yourself. Spier also reveals some of his own winning investment strategies, detailing deals that were winners but also what he learned from deals that went south. Part memoir, part Wall Street advice, and part how-to, Guy Spier takes readers on a ride through Wall Street but more importantly provides those that want to take a different path with the insight, guidance, and inspiration they need to carve out their own definition of success.
How To Create Wealth Investing In Real Estate: How to Build Wealth with Multi-Family Real Estate
Grant Cardone - 2018
This is not a book about flipping or wholesaling homes, its about investing in real estate that is a proven method for creating massive wealth. This book is about how you can buy income producing real estate, protect your capital, and provide you and your family with passive while the property pays down debt and you wait for asset appreciation. This easy-to-read guide can be read from cover-to-cover in one sitting. You will learn: • The precise type of real estate that will ensure you the best chance at cash flow and appreciation. • How to ensure positive cash flow during all economies. • How to evaluate a property to know what a fair price is. • How to determine where to find the best deals in your market. • What price, cap rated and how to ensure appreciation in the future. • What the perfect first deal is for you and what deals you should never do. • Why a lower cap rates may provide you with the greatest gain. • How to use good debt and make the bank your partner. • How to know what price you will exit at and even who the buyer profile will be. • You also get an inside look at the exact deals he is looking at today. •This is not a book about what someone did decades ago nor is it about how to buy real estate with no money down. • It is about how to use find and buy real estate that is sure to create multiple flows of income for your family, • and explode your net worth over time using debt pay down and forced appreciation. “Grant Cardone is the master of real estate investing and he simplifies it in his newest release. Get it and apply what he is telling you.” - Daymond John, SharkTank Star and CEO Fubu. "Cardone is to real estate investing what I am to the bar and restaurant business. He shows you exactly what he has done to build a multi-hundred million dollar business.” - Jon Taffer, Bar Rescue The first edition sold out in six days and the reviews are already coming in. IF YOU'VE ENJOYED ANY OF GRANT'S BOOKS, THIS IS A MUST ADD TO YOUR LIBRARY.
The Geometry of Wealth: How to shape a life of money and meaning
Brian Portnoy - 2018
Rich Habits: The Daily Success Habits of Wealthy Individuals: Find Out How the Rich Get So Rich (the Secrets to Financial Success Revealed)
Thomas C. Corley - 2010
These ten simple principles miraculously transform every individual who comes into contact with them. By applying these principles, you are literally walking in the footsteps of the wealthy. In Rich Habits, Tom Corley provides a step by step financial success program that is concise, easy to understand and even easier to apply, regardless of your age, education or income level. In these tough economic times, individuals are struggling financially and desperately looking for help in achieving financial success. Every person seeks prosperity for themselves and their families, and with Rich Habits the secret to financial success, possessed by only the wealthiest individuals, will be revealed. Join the Rich Habits financial success revolution.
Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Mariusz Skonieczny - 2009
Material covered includes the difference between stocks and businesses, what constitutes a good business, when to buy and sell stocks, and how to value individual stocks. The book also includes a chapter covering four case studies as well as a supplemental chapter on the pros and cons of real estate versus stock market investing.
More Important Than Money: an Entrepreneur’s Team
Robert T. Kiyosaki - 2017
They’re confident that their new product or service or innovation will make them rich and that all their dreams will come true. The problem is: Most people don’t know how to turn their million-dollar idea into millions of dollars.According to many social scientists, the most important thing in life is a person’s social and professional network. In other words, the people around us—our associates, our team, our friends. The people we surround ourselves with—and the people we go to for advice and guidance—canmean the difference between success and failure. And as he taught in Rich Dad Poor Dad, if the people around you have a poor person’s mindset, it’s likely that you’ll be, or stay, poor. Your team, in life and in business, will determine if your million-dollar idea will give you a million-dollar payday.In More Important Than Money, Robert teams up with his most trusted Advisors who contribute not only chapters on the strengths and talents they bring to the team, but offer candid and insightful individual Profiles and excerpts from each of the 14 Rich Dad Advisor Series books. Readers will meet all of Robert’s Rich Dad Advisors and learn why they are among his most valuable assets.
Trade the Trader: Know Your Competition and Find Your Edge for Profitable Trading
Quint Tatro - 2010
You're trading against other traders who care about only one thing: taking your money. That's the #1 hard reality of trading - and most traders either don't know it, or don't act as if they do. In this book, top trader and hedge fund manager Quint Tatro shows how to win consistently in the "zero sum" game of trading, where there's a loser for every winner. You'll learn how to reflect your trading competition in every facet of trading and investing: choosing companies to invest in, knowing when to jump in and out of the market, and mastering the psychology and gamesmanship of trading. Coverage includes: Understanding the "other side of the trade": the thousands of pros you're trading against. Finding a technical edge with technical analysis you can exploit over and over again. Understanding sentiment and overcoming the human emotions and biases that cost you dearly. Utilizing the most essential strategies of fundamental analysis. Playing positions and probabilities, not P+Ls. Recognizing and capturing huge opportunities in down markets.
Warren Buffett's Three Favorite Books
Preston Pysh - 2012
A starting point for amateur and intermediate investors to finally understand the content found in The Intelligent Investor, Security Analysis, and the Wealth of Nations. Easy to understand, yet covers complex topics for stocks, bonds, and preferred shares. Did you know Warren Buffett, the world's wealthiest stock investor, is quoted as saying three books have shaped his investment philosophy? For more than half a century, he used the information provided in these three books to go from nothing - to a massive $39 billion net worth. The three books that gave him this wisdom are: The Wealth of Nations (pub. 1776) by Adam Smith, Security Analysis (pub. 1934) by Benjamin Graham, and The Intelligent Investor (pub. 1949), also by Benjamin Graham. In fact, Benjamin Graham was Buffett's professor at Columbia and the most influential financial advisor he ever had. So, have you ever tried reading Graham's books? Many might agree the books are as exciting as listening to Ben Stein read the 30th page of The Wall Street Journal. It is time we fixed that. Instead of keeping these billion-dollar secrets hidden behind thousands of pages of financial jargon, I wrote one simple guide - Warren Buffett's Three Favorite Books. If you're looking for a guide that explains how the wealthy really think and buy assets, you're in the right place. This isn't a get-rich-quick book. Instead, this is where your investing techniques take a turn in the road. This book will teach you how to accumulate assets and become very wealthy over decades of wise decisions and proper asset valuation. The best part about the book is the methods are taught in an easy-to-follow and understandable scenario for all to enjoy!
Bitcoin: Hard Money You Can't F*ck With: Why bitcoin will be the next global reserve currency
Jason A. Williams - 2020
No governments, no companies, no central banks, no money printing. It’s a revolution as big as the internet. And it’s never been hacked.Entrepreneur and investor Jason A. Williams is the first author to put bitcoin in context of the 2020 crisis - a year of financial disaster and unprecedented money creation (money printer go brrr!)Not only was bitcoin the best-performing asset on the planet in 2020, it quietly established itself as the next global reserve currency as central banks around the world desperately printed their money into oblivion.Hard Money You Can’t F*ck With explains bitcoin in simple, readable terms and maps out how this ‘magic internet money’ will grow into the best form of money we’ve ever had.What’s inside?Part 1: Why Bitcoin Matters Now- What is bitcoin?- Who created it?- Why bitcoin is ‘money you can’t f*ck with’- How bitcoin emerged out of the 2008 banking crisis.- Why money printing slowly destroys your wealth.Part 2: A brief history of money (and money printing)- Take a step back and learn ‘what exactly is money?’- Why ‘printing cash’ has always led to the death of currency.- Why bitcoin is the best form of money ever created.Part 3: How bitcoin becomes the next global reserve currency- A deep dive into the 2020 financial crisis and how bitcoin emerged strongest- The emergence of national digital currencies to compete.- Why some nation states are now holding and trading in bitcoin.
Street Smarts: Adventures on the Road and in the Markets
Jim Rogers - 2013
Rogers always had a restless curiosity to experience and understand the world around him. In Street Smarts, he takes us through the highlights of his life in the financial markets, from his school days at Yale and Oxford -- where despite the fact that he didn’t have enough money to afford the appropriate pair of shoes, he coxed the crew and helped to win the Oxford-Cambridge Boat Race as well as the Thames Cup, the first of his three Guiness World Records -- to his first heady taste of Wall Street in the mid - 1960s, and his years helping to run the most successful hedge fund on Wall Street. As a result of his extraordinary success with the Quantum Fund, Rogers was able to retire at the age of thirty-seven. Since then he has taught classes in finance at Columbia University, hosted television programs, and traveled the world seeing firsthand how revolutions in Chile affect coffee prices in Seattle, and how shortages of copper in Africa affect electricity brownouts in Ohio. In the course of his new book, Rogers offers often surprising observations on how the world works – and what trends he sees in the future. He explains why Asia will be the dominant economic force in the twenty-first century – and how he and his wife and two daughters moved to Singapore to prepare his family for the coming changes.. He discusses why America and the European Union are in decline, and what we need to do to right our economy and society. The age of Wall Street, Rogers claims, when the finance industry drove 25% of America’s growth, is over. Tomorrow’s economy will be driven by those who make things – food, energy, goods and consumables. Regarded as one of the most astute investors Wall Street has ever known, Jim Rogers once again is at his acerbic and storytelling best.