Unavailable
Unavailable
Unavailable
Audiobook13 hours
The Missing Billionaires: A Guide to Better Financial Decisions
Written by Victor Haghani and James White
Narrated by Jon Vertullo
Rating: 0 out of 5 stars
()
Currently unavailable
Currently unavailable
About this audiobook
Over the past century, if the wealthiest families had spent a reasonable fraction of their wealth, paid taxes, invested in the stock market, and passed their wealth down to the next generation, there would be tens of thousands of billionaire heirs to generations-old fortunes today. The puzzle of The Missing Billionaires is why you cannot find one such billionaire on any current rich list. There are a number of explanations, but this book is focused on one mistake which is of profound importance to all investors: poor risk decisions, both in investing and spending. Many of these families didn't choose bad investments-they sized them incorrectly-and allowed their spending decisions to amplify this mistake.
The Missing Billionaires book offers a simple yet powerful framework for making important lifetime financial decisions in a systematic and rational way. It's for listeners with a baseline level of financial literacy, but doesn't require a PhD.
Part One builds the theory of optimal investment sizing from first principles, starting with betting on biased coins. Part Two covers lifetime financial decision-making, with emphasis on the integration of investment, saving, and spending decisions. Part Three covers practical implementation details, including how to estimate the expected return and risk on a broad spectrum of investments.
The Missing Billionaires book offers a simple yet powerful framework for making important lifetime financial decisions in a systematic and rational way. It's for listeners with a baseline level of financial literacy, but doesn't require a PhD.
Part One builds the theory of optimal investment sizing from first principles, starting with betting on biased coins. Part Two covers lifetime financial decision-making, with emphasis on the integration of investment, saving, and spending decisions. Part Three covers practical implementation details, including how to estimate the expected return and risk on a broad spectrum of investments.
Unavailable
Related to The Missing Billionaires
Related audiobooks
The Uncertainty Solution: How to Invest with Confidence in the Face of the Unknown Rating: 5 out of 5 stars5/5The Four Pillars of Investing, Second Edition: Lessons for Building a Winning Portfolio Rating: 4 out of 5 stars4/5The Missing Billionaires: A Guide to Better Financial Decisions Rating: 0 out of 5 stars0 ratingsWhat I Learned About Investing from Darwin Rating: 5 out of 5 stars5/5The Little Book of Picking Top Stocks: How to Spot Hidden Gems Rating: 2 out of 5 stars2/5A Random Walk Down Wall Street: Including a Life-Cycle Guide to Personal Investing Rating: 4 out of 5 stars4/5Manias, Panics, and Crashes: A History of Financial Crises Rating: 4 out of 5 stars4/5Odds On: The Making of an Evidence-Based Investor Rating: 4 out of 5 stars4/5The Anxious Investor: Mastering the Mental Game of Investing Rating: 5 out of 5 stars5/5Winning the Loser's Game: Timeless Strategies for Successful Investing, Eighth Edition Rating: 4 out of 5 stars4/5Money in One Lesson: How it Works and Why Rating: 5 out of 5 stars5/5The Power of Money: How Governments and Banks Create Money and Help Us All Prosper Rating: 4 out of 5 stars4/5Risk Parity: How to Invest for All Market Environments Rating: 5 out of 5 stars5/5The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between Rating: 4 out of 5 stars4/5Permacrisis: A Plan to Fix a Fractured World Rating: 5 out of 5 stars5/5All About Asset Allocation, Second Edition Rating: 4 out of 5 stars4/5From Zero to Millionaire: A simple, effective and stress-free way to invest in the stock market Rating: 0 out of 5 stars0 ratingsThe Bond King: How One Man Made a Market, Built an Empire, and Lost It All Rating: 5 out of 5 stars5/5Lifecycle Investing: A New, Safe, and Audacious Way to Improve the Performance of Your Retirement Portfolio Rating: 4 out of 5 stars4/5The Smartest Portfolio You'll Ever Own: A Do-It-Yourself Breakthrough Strategy Rating: 5 out of 5 stars5/5Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk Rating: 4 out of 5 stars4/5The Coffeehouse Investor's Ground Rules: Save, Invest, and Plan for a Life of Wealth and Happiness Rating: 5 out of 5 stars5/5The New Elite: Inside the Minds of the Truly Wealthy Rating: 4 out of 5 stars4/5Merger Masters: Tales of Arbitrage Rating: 4 out of 5 stars4/5Private Equity Laid Bare Rating: 0 out of 5 stars0 ratingsFinance for Normal People: How Investors and Markets Behave, Reprint Edition Rating: 0 out of 5 stars0 ratingsThe Imperfectionists: Strategic Mindsets for Uncertain Times Rating: 5 out of 5 stars5/5The All Weather Trader Rating: 4 out of 5 stars4/5
Investments & Securities For You
The Intelligent Investor Rev Ed. Rating: 5 out of 5 stars5/5Stock Investing For Dummies: 5th Edition Rating: 5 out of 5 stars5/5The Richest Man in Babylon Rating: 4 out of 5 stars4/5Day Trading For Dummies: 4th Edition Rating: 5 out of 5 stars5/5Don't Start a Side Hustle!: Work Less, Earn More, and Live Free Rating: 5 out of 5 stars5/5The Intelligent Investor Rating: 4 out of 5 stars4/5The Wizard of Lies: Bernie Madoff and the Death of Trust Rating: 4 out of 5 stars4/5Financial Intelligence: How to To Be Smart with Your Money and Your Life Rating: 4 out of 5 stars4/5Stock Market Investing for Beginners & Dummies Rating: 5 out of 5 stars5/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5Learn to Earn: A Beginner's Guide to the Basics of Investing Rating: 5 out of 5 stars5/555 Laws of Real Estate Investing: A Road Map to Real Estate Success Rating: 5 out of 5 stars5/5The Little Book That Still Beats the Market Rating: 4 out of 5 stars4/5One Up On Wall Street: How To Use What You Already Know To Make Money In The Market Rating: 5 out of 5 stars5/5How to Invest Rating: 5 out of 5 stars5/5Options Trading: A Beginner's Guide to Make Money By Trading Options With Practical Strategies Rating: 4 out of 5 stars4/5Options Trading for Beginners & Dummies Rating: 5 out of 5 stars5/5The Bogleheads' Guide to Investing: Second Edition Rating: 5 out of 5 stars5/5Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market Rating: 5 out of 5 stars5/5The Wolf of Investing: My Insider's Playbook for Making a Fortune on Wall Street Rating: 4 out of 5 stars4/5A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation Rating: 4 out of 5 stars4/5Devil Take the Hindmost: A History of Financial Speculation Rating: 4 out of 5 stars4/5
Reviews for The Missing Billionaires
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews