A Critical and Objective Book Review of The Behavioral Investor by Daniel Crosby Reviewed By Former Licensed Therapist Steve Schullo, Ph.D. Amazon Review: 2 stars for an incomplete strategy, unnecessarily bashing passive strategy, and omissions of great investors. But a MUST read! The Fear of Missing Out The Behavioral Investor includes good qualities in …
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Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts. By Annie Duke If the NFL created a fan-based award at Pro Football’s Hall of Fame in Canton, Ohio, I would nominate this author! Annie Duke’s picture would be placed in the Seattle Seahawks’ exhibit hall. She is a loyal, passionate, forgiving, …
Final Part 3 and why I gave the author four stars instead of five. I was disappointed about one paragraph, yep, just one paragraph. Other than that one paragraph, this book is highly recommended.
He wrote: “Ordinary folks with no formal financial education can be wealthy if they have a handful of behavioral skills that have nothing to do with formal measures of intelligence.”
The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel 2020 A Review of this Outstanding Book Part 1 by Late Bloomer Wealth and 403(b) reform advocate: Steve Schullo From the first sentence to the last, this book provides the latest and most up-to-date evidence for financial literacy’s wholesome power to …
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The Psychology of Money: Timeless lessons on wealth, greed, and happiness by Morgan Housel 2020 A Review of this Outstanding Book Part 1 by Late Bloomer Wealth and 403(b) reform advocate: Steve Schullo From the first sentence to the last, this book provides the latest and most up-to-date evidence for financial literacy’s wholesome power to …
Part 1/3 “The Psychology of Money” by Morgan Housel Book Review Read More »
This book is highly recommended for those who have a difficult time making decisions. We all do from time to time. But it is also more than just making decisions, the author discusses in depth how to handle some of the most difficult obstacles to wisdom: luck vs skill, rational vs. irrationality, judging vs objective, certainty vs. uncertainty and how to accept and learn from the results of our decisions when they turn out negative.
Since my blog is financial, the author skillfully explains the crucial differences between luck and skill, and certainty vs. uncertainty. Knowing those subtle differences are important to self-managing your portfolio.
3.5 years ago, I wrote and posted a review of this excellent book. This review is worth a repeat here.
This post is a repeat of my 5-star previous review that I published on Amazon in 2016. At the time, I did not know the author, but when any book has Mr. Money Mustache in the forward, that’s a must-read book.
Some of you might wonder why I would review and recommend another book when I wrote two books myself. Instead, wouldn’t I encourage people to read my books? Of course! But my only purpose for writing this blog and my two books is for readers to educate themselves on personal finance.
I pick out the most objective and unbiased personal financial books that reflect my values and thinking for my teacher colleagues, and others to know. When I read a great book that has the same philosophy of investing as I do, heck yes, I recommend that you buy and thoroughly read somebody else’s book and download my two books for FREE.
Since then 568 people liked my review. For Amazon, that’s many “likes” and I am enormously proud. It is one of my best reviews primarily because “The Simple Path to Wealth” is “simply” a great book, while the author’s philosophy, values and knowledge are similar to mine.
Ok folks are you ready to walk “The Simple Path?”
If you love stories about personal finance success, read this book! It’s an easy and captivating read for beginning investors. This young couple wades through and makes difficult significant life-changing decisions. For anybody to do what Scott, the author, and his wife Taylor did to change their life in only two and a half years was terrific. Just think about this: Transitioning from the hideous, unhealthy and dominant consumeristic American culture to one with more life meaning is not for wimps.
What does Jack Bogle founder of Vanguard, Elon Musk CEO of Tesla Motors, and Lee Iaccoca former CEO of Chrysler Corporation have in common? My book review of Lee Iaccoca Autobiography explains the ideas and values that I share with these incredible leaders.