I picked up this book because it was recommended as a good way to change the way people think about finances and investments. The book is written by someone who focused on investing strategies as a way to fund his retirement and lifestyle, without big inheritances or other sources of starting income.
As it turns out, the information in this book is pretty much the same as what I’ve already researched through other sources – a passive investment strategy revolving around index funds and balanced between stocks and bonds for stability.
The book explains (and justifies) this approach, but for me he was just preaching to the choir. There were some interesting parts about thinking about when to buy (not sell), and the balance between stocks and bonds, but for me most of the advice has already been followed.
I do think this is a good book for people starting out. The writer has a slightly quirky writing style, and he sometimes focuses a little too much on specific data and examples, but I suppose that people that are serious about maximizing their investments will want concrete, precise data.
Next I’m reading Why Zebras Don’t Get Ulcers by Robert M. Sapolsky.
