9 of 10 people found the following review helpful
Great advice...but repetitive,
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This review is from: The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money (Kindle Edition)
I ordered a copy of the Kindle version and listened to it on my way to and from work. I must say, I really enjoyed listening to the first 3-4 chapters, but after that, although the author had different stories and comments, it seemed that his advice became somewhat repetitive. There's only so many ways to tell someone not to lean to heavily on their feelings and not follow the herd...
Also, while I did not expect to receive actual financial advice (where to put money, how much, etc), I felt that the author could have used more examples of what he typically recommends to his clients in specific areas (not just, "move out of stocks" or "invest in bonds") for those of us who are new to the process of saving.
Overall, a good book for the thought concepts that one can appreciate when it comes to finances.
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Showing 1-2 of 2 posts in this discussion
Initial post: Feb 15, 2013 11:30:07 AM PST
JOHN J. OREILLY says:
sounds like this reader didn't quite "get it". You don't want to chase investment fads in books. Admit that it is not your expertise, get a trusted advisor, and then allow them to help you to not make the behavioral mistakes.
Posted on Feb 16, 2013 1:23:48 PM PST
Duncan Hannay-Robertson says:
Here's some reading suggestions if you want to know specifically how to invest:
1. Elements of Investing by Burton Malkiel and Charles Ellis, then
2. The Investors Manifesto by William Bernstein, then
3. Smarter Investing by Tim Hale
or go to Carl Richards and become a client.
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