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D**G
A critical missing piece in investment writing
I feel like my investment bookshelf is full of great ideas that, at the end of the day, I rarely follow. I have some of the very best, now out of print, hard to find tomes on everything from Japanese technical analysis techniques to the intricacies of how financial back office operations work. But there's always been a little bit missing -- a bridge from the theoretical to the personal. Like the authors, I've spent a career in Finance, in media, writing columns and books, and nobody ever asks me what I do with my own money. Honestly I'm glad because the answer would be -- before reading this book -- a little embarrassing in it's simplicity.And that's the genius of this book. It's not a "how to" book. It's not going to help you make a perfect portfolio or implement that razor-sharp tax management strategy. What it's going to do is walk you through dozens of ways that smart people in the business actually manage not just their money, but their lives. Whether it's Morningstar's Christine Benz admitting she has no passion for investing, and that's OK, or Betterment's Dan Egan talking about why owning a plot of land he never intends to sell is more important than more stock in his IRA, the book frankly just made me breath a little deeper and thing "OK, so maybe I'm not alone in thinking this dollar-chasing bro-sphere we see on TV isn't all there is."Structurally, it's also refreshing to read something ostensibly "work related" that is fun to read. The chapters are short, and punchy, and each one is different than the next.The biggest compliment a selfish writer like me can give is "darnit, why didn't I think to write this book." Yep.
E**H
Interesting book on how financial advisors / managers view their personal finances
This book is not another "how to" on how to pick stocks, or day trade, or mimic Charlie Munger or find good dividend-payers.... The book clearly states that is not its purpose. What the book does do (and this is something I've never seen before) is to explain how financial advisors, fund managers, etc. approach their own money and their general philosophies of wealth and money. It tries to explain how these people approach money from a personal level....what do they do with their personal finances? In the majority of cases, these people may approach their personal finances in dramatically different ways than how they approach other people's money. A very interesting, enjoyable and enlightening read.
H**E
Very Insightful! An interesting view into Financial Professional Lives!
I was interested in this book when Josh Brown mentioned it on CNBC a few weeks ago. I did not realize at the time it was his third book, coauthored with Brian Portnoy. Neither did I realize his personal revelations were six pages in the 197 page work which has no references nor index. Basically, it is a composite of 25 short essays by Gen Xer financial professionals, many viewed on financial cable networks, booked-ended by the authors. In these vignettes the individuals reveal their own personal financial situations for investing.I found this an interesting, unique, and different approach for a book on finance which is very simple to comprehend, if one is involved in investing. However, there are some limitations where some abbreviations are not per-labeled which may not provide understanding for all. Many of the same words and phrases appear in the twenty-five accounts. Words and phrases like: planned saving, passive funds, reduce spending, diversification of assets, invest in my company, investing in things you know, pay yourself first, Vanguard, HSA, 529 accounts, tax free growth etc. are frequently mentioned in the text.It appears Leighann missed the assignment, however Jenny Harrington, who I enjoy appearing on CNBC made up for the defect by her support for dividend investing. Especially the story of Betty, a ninety-two year old client, who shown her the light for equity dividend investing. Now I know what I liked about Jenny in her noontime investment platitudes.Granted I was disappointed the entire book did not house Josh Brown’s investment prowess as the large letters on the front cover revealed. Buyer beware, you always “should read the small print.” What I really enjoyed was seeing average Americans use the capitalist system to build and prosper their wealth. You do not need a doctorate, like Carolyn McClanahan, to manage your own finances. You just have to get off your butt and learn how the system functions, no excuses! I read this book while viewing the Seahank/Eagles MNF game for it was a terrible game.
A**G
Good survey of money attitudes
The authors succeeded in this survey of attitudes and allocations of money in life and how the money managers take responsibility for their own affairs. Sometimes the discussion is focused on allocations; occasionally on the role of money in their life, sometimes it is on the way it changes or changed over time. Excellent book.
D**H
Uneven Multi-authored Disappointment.
I was disappointed by “How I Invest My Money.”I purchased the book because I have a lot of respect for several of the contributors.In retrospect I shouldn’t have had such high expectations since the introduction made it clear that it was multi-authored. That is the downfall of the book. Several of the chapters authored by Brown, Portnoy, Benz, And Housel were excellent. Several others were good. Many were substandard and a few were downright self serving drivel.
R**N
Great read with insights throughout
I found this book very insightful and easy to read. Each contributor’s experience is different and number of them really resonated with me. The editing is crisp and punchy, allowing each section to stand on its own while drawing out commonalities. This book is probably not for crypto-wildcatters or folks looking to dig out of a financial hole, but if you are looking for examples of how nest eggs are built - and where successful folks draw lines between investing, utility, and experience - this is a great read!
R**Y
Real Life and Money
Appreciate Joshua Brown and Brian Portnoy pulling together these inspirational stories from willing (or slightly hesitant) contributors. Truly once the basics are covered, there are many different ways to invest as well as reasons. A book to refer back to often in the future.
R**Y
Well Worth the Read
With this book you get is a diverse selection of people involved in the investment industry who talk about their own backgrounds and personal experiences with investing. It's definitely not a "how-to" book on investing, although certainly there is something to be learned. What I took from it, and appreciate, is that one's approach to investing might not always match the theoretical ideal. Furthermore, there are different ideas as to what that ideal might be. Your investing process can be a kind of journey, changing as you change. So much of investing, and finance in general, is psychological rather than economic or mathematical; what this book gave me is permission not to beat myself just because I haven't achieved the ideal investment strategy. For that reason alone, it is worth every penny.
S**A
Esperienza di esperti
Ottimo libro che racconta come investono i loro risparmi dei professionisti del settore, vari insider del mercati finanziari. Ogni uno di intervistati ha scritto un breve esse sul tema. Consiglio!
P**A
Super "Down-to-earth" insight into personal finance
Josh the book just arrived this morning here in London, UK. It's the first book I've ever pre-orderer and the first one that hasn't come by recommendation or through syllabus requirement during my studies. I've watched you on CNBC for a while and just had a feeling the book would be right up my street. I can confirm 24 pages in that I can't put it down. It's a fantastic read and grabs you straight off the bat resonating with my own perspective of finance and investment. Love the personal and down to earth insights you have managed to collect from the lives of these professional investors. Great Read! All the best. Perry
R**O
Insightful
I found this a great read. I was surprised by how normal the life, family, investing experience was for all these successful contributors. Sometimes perhaps it’s easy to think others have more fortunate and dazzling lives. This book showed similar stories we all have. It was inciteful, the investing styles, sometimes contradictory to each other. I’m glad I read this and recommend it for others to read.
R**N
Informative book
I liked this book. It's easy to read because it is interesting and informative.How money managers think of money and deal with theirs will help guide me in the future.Identified with many of them. Took a few pointers from some.
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