All the Personal-Finance Books Are Wrong
They tend to treat their readers like fools without willpower. So you could argue that they’re wrong for the right reasons.
by Derek Thompson
Sep 01, 2022
3 minutes
James Choi, a professor at Yale University, was interested in teaching a different kind of personal-finance course. He wanted his curriculum to mix the conclusions of technical economics papers with the takeaways from glitzy best-selling books.
Several years ago, he started poring over dozens of popular personal-finance titles, which had sold tens of millions of copies, in order to get a sense of the counsel they were dispensing. “I got really interested in this universe of advice and how was it different
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