Audiobook11 hours
The Missing Billionaires: A Guide to Better Financial Decisions
Written by Victor Haghani and James White
Narrated by Victor Haghani and Jon Vertullo
Rating: 0 out of 5 stars
()
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.
Related to The Missing Billionaires
Related audiobooks
Winning the Loser's Game: Timeless Strategies for Successful Investing, Eighth Edition Rating: 4 out of 5 stars4/5The Little Book of Picking Top Stocks: How to Spot Hidden Gems Rating: 2 out of 5 stars2/5The Four Pillars of Investing, Second Edition: Lessons for Building a Winning Portfolio Rating: 4 out of 5 stars4/5The Anxious Investor: Mastering the Mental Game of Investing Rating: 5 out of 5 stars5/5Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk Rating: 4 out of 5 stars4/5Money for the Rest of Us: 10 Questions to Master Successful Investing Rating: 5 out of 5 stars5/5The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between Rating: 4 out of 5 stars4/5The Uncertainty Solution: How to Invest with Confidence in the Face of the Unknown Rating: 5 out of 5 stars5/5A Random Walk Down Wall Street: Including a Life-Cycle Guide to Personal Investing Rating: 4 out of 5 stars4/5The Elements of Investing Rating: 5 out of 5 stars5/5The Aspirational Investor: Taming the Markets to Achieve Your Life's Goals Rating: 4 out of 5 stars4/5Lifecycle Investing: A New, Safe, and Audacious Way to Improve the Performance of Your Retirement Portfolio Rating: 4 out of 5 stars4/5Where the Money Is: Value Investing in the Digital Age Rating: 4 out of 5 stars4/5Risk Parity: How to Invest for All Market Environments Rating: 5 out of 5 stars5/5Wealth Management Unwrapped, Revised and Expanded: Unwrap What You Need to Know and Enjoy the Present Rating: 4 out of 5 stars4/5All About Asset Allocation, Second Edition Rating: 4 out of 5 stars4/5Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich Rating: 4 out of 5 stars4/5Straight Talk on Investing: What You Need to Know Rating: 4 out of 5 stars4/5The Capitalist Code: It Can Save Your Life and Make You Very Rich Rating: 5 out of 5 stars5/5Hedging Demystified: How to Balance Risk and Protect Profit Rating: 4 out of 5 stars4/5Finance for Normal People: How Investors and Markets Behave, Reprint Edition Rating: 0 out of 5 stars0 ratingsWinning With The Market: Beat the Traders and Brokers in Good Times and Bad 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 ratingsStewardship: Lessons Learned from the Lost Culture of Wall Street Rating: 0 out of 5 stars0 ratingsBehavioral Finance and Your Portfolio: A Navigation Guide for Building Wealth (2nd Edition) Rating: 4 out of 5 stars4/5The Smartest Portfolio You'll Ever Own: A Do-It-Yourself Breakthrough Strategy Rating: 5 out of 5 stars5/5REITs For Dummies Rating: 0 out of 5 stars0 ratingsThe Power of Money: How Governments and Banks Create Money and Help Us All Prosper Rating: 4 out of 5 stars4/5
Investments & Securities For You
The Richest Man in Babylon Rating: 4 out of 5 stars4/5The Intelligent Investor Rating: 4 out of 5 stars4/5The Intelligent Investor Rev Ed. 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 stars4/5The Great Money Reset: Change Your Work, Change Your Wealth, Change Your Life Rating: 5 out of 5 stars5/5Financial Intelligence: How to To Be Smart with Your Money and Your Life Rating: 4 out of 5 stars4/5Learn to Earn: A Beginner's Guide to the Basics of Investing Rating: 5 out of 5 stars5/5The Bogleheads' Guide to Investing: Second Edition Rating: 5 out of 5 stars5/5Stock Investing For Dummies: 5th Edition Rating: 5 out of 5 stars5/5Stock Market Investing for Beginners & Dummies Rating: 5 out of 5 stars5/5Flash Boys Rating: 4 out of 5 stars4/5Don't Start a Side Hustle!: Work Less, Earn More, and Live Free Rating: 5 out of 5 stars5/5The Big Short: Inside the Doomsday Machine Rating: 5 out of 5 stars5/5The Wizard of Lies: Bernie Madoff and the Death of Trust Rating: 4 out of 5 stars4/5Buy It, Rent It, Profit!: Make Money as a Landlord in ANY Real Estate Market Rating: 5 out of 5 stars5/5Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis Rating: 4 out of 5 stars4/5The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer Rating: 4 out of 5 stars4/5The Only Investment Guide You'll Ever Need Rating: 4 out of 5 stars4/5The Path: Accelerating Your Journey to Financial Freedom Rating: 5 out of 5 stars5/5Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life Rating: 5 out of 5 stars5/5Crypto Economy: How Blockchain, Cryptocurrency, and Token-Economy Are Disrupting the Financial World Rating: 4 out of 5 stars4/5Dividend Investing: A Simple, Concise & Complete Guide to Dividend Investing Rating: 4 out of 5 stars4/555 Laws of Real Estate Investing: A Road Map to Real Estate Success 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 stars4/5Options Trading: The Ultimate Beginners Guide to Trading like the Rich Rating: 5 out of 5 stars5/5
Reviews for The Missing Billionaires
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews