647 of 671 people found the following review helpful
Elegant summary of the core of personal investing,
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This review is from: The Investment Answer (Paperback)
One of the advantages of a college education with a major in finance is that you learn the fundamentals, and, more importantly, you learn the boundaries of the universe in terms of what the field includes and what it excludes. Spend an hour or so reading this book, and you will also get that comfortable feeling that comes from knowing that you understand what personal investing is really all about. You will get the "big picture" and how it affects you.
I have been a full time faculty member teaching at the college level for the past 35 years and must say that the authors have managed to capture the essence of personal investing in about as few pages as I have ever seen and with a clarity that is very rare in books on this topic. I intend to make it required reading for both my undergraduate and graduate personal finance classes.
I might also add that any negative reviews posted to this site are likely to come from Wall Street brokers who make their living by exploiting the general public's ignorance on investing. These brokers don't like books that clarify and illuminate rather than mystify and obfuscate basic principles. As a lifelong educator, I applaud Goldie's and Murray's noble effort to help readers educate themselves so as not to be fooled by the same Wall Streeters who disgraced themselves in 2008 and nearly destroyed our economy with their greediness. Anyone who feels they don't know enough about investing should read this book. It is a gem.
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Showing 1-7 of 7 posts in this discussion
Initial post: Nov 28, 2010 1:20:00 PM PST
Last edited by the author on Jan 20, 2011 3:31:22 PM PST
! Aesop - Sam says:
Well said! Stephen!
"... you will also get that comfortable feeling that comes from knowing that you understand what personal investing is really all about. You will get the "big picture" and how it affects you."
- author Sam
Posted on Dec 2, 2010 7:57:59 AM PST
Glenn W. Cullen says:
Posted on Dec 30, 2010 11:46:47 AM PST
J. Nugent says:
you're a full-time college faculty member who knows the boundaries of the financial universe yet you think this flimsy compendium of handy hints, available foc in a hundred websites, "a gem"? this is the first time you've seen "the essence of personal investing" in print? you genuinely believe this a "nobel" [sic] effort? sigh. (i'm not a Wall Street broker).
In reply to an earlier post on Dec 30, 2010 10:13:49 PM PST
Stephen Huxley says:
You seem to have missed the point. Most finance books are unread in their entirety because they are too lengthy, too complex, and too boring for most people to finish. This book was not written for those who are already familiar with investing - it was written for those who are not familiar with it. And it accomplishes that goal beautifully. (By the way, the tone of your post makes it obvious that it was not written for those who suffer under the misconception that they are brighter than everyone else.)
Posted on Jan 20, 2011 12:18:50 AM PST
Last edited by the author on Jan 20, 2011 12:19:56 AM PST
R. Aguilar says:
Appreciate your review. Would you mind responding to another reviewer's criticism:
"After reading their overview, you will know a small part of the vocabulary involved in financial management - asset classes, diversification, fee structures, expense ratios - but there are two problems. First, you will not understand these concepts well enough to really know what you are talking about. Second, there are a large number of concepts that the authors leave out. For example, by and large, they fail to discuss the subjects of managing financial assets in a tax efficient manner and the placement of asset classes in taxed or tax deferred accounts. "
Thanks in advance.
Posted on Feb 28, 2011 6:21:50 PM PST
[Deleted by the author on Feb 28, 2011 6:22:08 PM PST]
Posted on Nov 25, 2011 5:28:02 AM PST
Edmond L. Suek says:
This review is one of the best that I have ever read. I especially appreciated the very pertinent comment about the 64 reviews that were 3-star or less. Before I read Professor Huxley's review, I was pondering why there were so many 1-3 star reviews among the 88 5-stars. Did not make much sense to me until I read the review comments, which explained a lot and is very important to know in advance of reading the book. Thanks for a great review.
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