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jc_rod's review against another edition
2.0
For such a daring title, it should have at least mentioned that small investors can generate alpha if they are willing to put up the time and effort that value investing requires. It’s fine if you are an advocate of efficient markets. It is just a disservice to omit value investing entirely.
james7634's review against another edition
5.0
The first step to responsibly investing is to responsibly understand money and the basics of saving. This book is a really great introduction to financial responsibility, financial decision-making, and an introduction to safe stock investment.
The goal of this book is for the reader to make decisions that will allow them to retire. It is not to make it easy for a reader to make large bets and come out on top.
I found the book to be really honest and refreshing. You won't find secrets of day traders in here. Instead you'll find pragmatic advice that works for the majority of people in the majority of situations. It's a good book
The goal of this book is for the reader to make decisions that will allow them to retire. It is not to make it easy for a reader to make large bets and come out on top.
I found the book to be really honest and refreshing. You won't find secrets of day traders in here. Instead you'll find pragmatic advice that works for the majority of people in the majority of situations. It's a good book
wadezone's review against another edition
4.0
I found this to be a very informative book on all aspects about money, saving, finances and investments. It is worth reading.
brucefarrar's review
4.0
Tobias wittily dispenses a lot of common sense in this tenth edition of his book. His advice: first, be thrifty, e.g. buy in bulk at a discount, use the public library, not the bookstore, and pay off your credit cards. Spend less than your income. After you have a year’s annual income safely in your savings account at the bank, then is the time to consider investing in stocks and bonds.
When you’ve saved enough to invest, remember that in the long-term equity will earn more than debt, so buy stocks in a bear market, and leave them there for a long time. Do this because bonds alone will not keep up with inflation. Indexed mutual funds are your best bet, but don’t forget it’s a bet. Ignore financial newsletters, there is no way you can predict what the market will do, when even financial experts are unable to do it. Don’t buy annuities or dabble in commodities futures.
When you’ve saved enough to invest, remember that in the long-term equity will earn more than debt, so buy stocks in a bear market, and leave them there for a long time. Do this because bonds alone will not keep up with inflation. Indexed mutual funds are your best bet, but don’t forget it’s a bet. Ignore financial newsletters, there is no way you can predict what the market will do, when even financial experts are unable to do it. Don’t buy annuities or dabble in commodities futures.
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