THE ONLY INVESTMENT GUIDE YOU’LL EVER NEED
Well, it certainly turned out to be the only investment guide I’d ever need. I wrote it way back in the Seventies, when I was a kid writing for New York Magazine. Everybody at the office — from the famous editor down to the cheerful receptionist — wanted to know what to do with his or her money. As if I knew!
I tried to be helpful, but soon found myself repeating the same simple basics over and over again. And it was getting really tedious. I realized I could save a lot of time, and do a better job of advice-giving, if I sat down and really thought it through and gave it my best shot. So that’s what I did, and thereafter I was able, when a co-worker asked me for advice, to just hand them the book. “Here.”
Of course, tax laws change, prices soar and crash, Wall Street invents new scams — I’ve updated the book periodically. But the basics never change. Live beneath your means, get off the debt treadmill, minimize your transaction costs, trust no one — this book attempts to take you through it all, from buying tuna in bulk to avoiding variable annuities.
With more than a million sold by now, I’ve enjoyed the royalties. But what I’ve really enjoyed is hearing from people two decades later. Admittedly, it was a very good two decades (the Dow was under 1000 when the book came out in 1978, and you could have averaged down as it fell to 777 in the summer of 1982). But sure enough: Given time, the basic, prudent, steady habits really do work. The goal of this book is to make all that clear — and fun.
Quote of the Day
We're not trying to outsmart the smart guys. We're trying to sell bonds to the dumb guys.~alleged remark of the head of a Wall Street mortgage-bond group
Request email delivery
- Jan 23:
- Jan 22:
Talk About Crazy Coincidences!
- Jan 21:
Charlie Chaplin Speaks To Strongmen
- Jan 20:
China’s Greatest Strength Is America’s Greatest Weakness
- Jan 17:
Wishing You Good Health
- Jan 16:
Flip Trump Voters The Easy Way
- Jan 15:
A Crisis Of Despair
- Jan 14:
Progress Is Our Most Important Product
- Jan 13:
Benghazi, Uranium One, The Child Sex Ring . . .
- Jan 12:
Um, Did He, Um Did He . . .
- Jan 23: