Greed Is Good: The Capitalist Pig Guide to Investing Paperback – May 19, 1999
"Devoted" by Dean Koontz
For the first time in paperback, from Dean Koontz, the master of suspense, comes an epic thriller about a terrifying killer and the singular compassion it will take to defeat him. | Learn more
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In Greed Is Good, he wants to share the wealth with his post-baby-boom generation by preaching the gospel of investing. But investing isn't just about choosing mutual fund A over mutual fund B. It's about not spending money on useless stuff, leaving more money for the things that are meaningful. Hoenig understands how frills like designer clothes, CDs, and, yes, Starbucks coffee can seem like necessities, when really they're lifestyle add-ons that can be eliminated. Doing without such excesses can be painful, but that's something else Hoenig believes in; not only is greed good, so is discipline, sacrifice, and self-denial. Greed is written in an eclectic style that includes Yiddish phrases, street slang, and generational cultural references ("Whatchu talkin' 'bout, Willis?"), which serves two purposes: it's very entertaining to read, and renders the often-dry message of "Save and invest" infinitely more palatable. --Lou Schuler
- Item Weight : 1.19 pounds
- Paperback : 272 pages
- ISBN-10 : 0887309844
- ISBN-13 : 978-0887309847
- Product Dimensions : 7.38 x 0.75 x 9.13 inches
- Publisher : Harper Business; First Edition (May 19, 1999)
- Language: : English
- Best Sellers Rank: #656,258 in Books (See Top 100 in Books)
- Customer Reviews:
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The best part of the book is the last third of it, which deals with "speculation". In this section, Hoenig talks dramatically about what it's like to invest money in such highly volatile assets as futures and derivatives. After reading this section, I wanted to go gamble all of my money away on soybean contracts immediately (even though Hoenig says to only speculate with a tiny fraction of your assets). Unfortunately, I then remembered (depressingly) that I don't have any money to invest and that I was only reading this book to satisfy intellectual curiosity.
Hoenig has definitely convinced me that investing can be fun. As soon as I get some extra cash, I'll start implementing his strategies step-by-step, beginning with the (admittedly boring) safe investments discussed in the first few chapters.
I definitely recommend buying this book.
Hoenig gives a good overview of the stock market and its related "instruments." Puts and calls still give me trouble, but he clarified limit orders for me. The book is both informative and entertaining, and Hoenig definitely conveys his passion for the subject. Of course the pop culture references are dated, but who doesn't love some '80s nostalgia?
My major gripe: typos. Hoenig appears to have a problem distinguishing between "then" and "than." I took to reading the book with a pen in hand; I think I corrected at least one typo per page. Was the proofreader on vacation that week? That aside, I will keep this in my collection for my son. Maybe by the time he's old enough to appreciate it, he'll find the 20th century pop culture references quaint.